2.2 – The Relationship between productivity and the cost of production can best be expressed by first understanding the definition of the word “productivity”. The study of output during a defined period is the definition of the word productivity. More output in a given time is expanded productivity. The cost of production is simply this – the cost in dollars or total production of a particular finished product (or service). Therefore, the relationship is direct and critical. The better the productivity of a given organization, the lower cost the organizations product will be and therefore (assuming pricing power), one can expect greater profit margins per unit based on lower cost of production via higher efficiency of the creation process.…
2) How can a corporate CEO and the company’s senior executive team, drive a company to greater accomplishments if the company’s use of production technology, is the single greatest determining factor in the company’s success?…
Based on the information presented in the scenario/case study discuss Albatross Anchor’s competitiveness in relation to (please address all items in the below list and provide support for your conclusions):…
The relationships amongst productivity and the cost of production are the cost per day or the cost per hour associated to the productivity achieve within that day. In examining the two together, the productivity, which is the output for the total hours worked, is being compare to the total cost. This will show how much need to be made, and the total cost to make a product in order to reach a break-even analysis. Moreover, technological innovation leads to an improvement in productivity, which will have the effect on the cost of doing business or the activity, and will affect the prices of related…
M1 – explain how the management of human, physical and technological resources can improve the performance of a selected organisation.…
4. If you were running a company, describe at least two things you would do to improve its productivity. (1-4 sentences. 2.0 points)There are many ways that I can improve my productivity, but one way is by technology. I would use an electronic sewer rather than my hands to help speed up the process and get people…
Describe the nature of operations process given your newfound understanding of operation management and productivity:…
Question 2.2. Which of the following processes gives the managers the ability to measure performance accurately and regulate organizational efficiency and effectiveness? (Points : 2)…
Answer: Capacity is the maximum rate of output of a process or a system. And utilization is measured as the ratio of average output rate to maximum capacity. In Southwest, capacity can be measured in available seat-miles (AMS) pre month. Therefore, utilization can be measured as the ratio of average seat-mile rate to maximum seat-miles.…
B. The company will increase productivity if employees are present at work and can perform job duties effectively and efficiently.…
M1-explain how the management of human, physical and technological resources can improve performance of a selected organisation.…
If staff know what they’re doing and are properly trained, the Company’s productivity will increase with better quality service/products and more efficient staff.…
• Productivity level should be agreeable to the industrial supervisor. Student should keep a form where all activities done are recorded which should be signed by the supervisor as a correct record of all activities undertaken by the student.…
Due to lack of skills among employees and shortage of employees in the management, our organization has been experiencing a decrease in the level of productivity. In the meantime, fundamental project details change, responses come in late and some never arrive, leaving the management incomplete. As a result, the productivity of the employees is not always as great as it could be.…
1. Evaluate the facilities plan for your campus and list potential changes you would consider if you were asked to re-plan the campus. Why would you consider these? [Marks 5]…