Productivity is usually associated with the link between what is produced and the means used.
According to the dictionary of the Royal Spanish Academy (RAE) , productivity is a concept that describes the capacity or level of production per unit of areas of cultivated land, work or industrial equipment. Depending on the perspective with which this term is analyzed, it can refer to various things. Here we will present some possible definitions.
In the field of economics , productivity is understood as the link that exists between what has been produced and the means that have been used to achieve it (labor, materials, energy, etc.). Productivity is usually associated with efficiency and time: the less time invested in achieving the desired result, the greater the productive nature of the system .
The best productivity
Through productivity, the capacity of a structure to develop products and the level at which available resources are used are tested. Better productivity means greater profitability in each company . In this way, quality management seeks to ensure that every firm manages to increase its productivity.
Some of the essential aspects that should not be forgotten when setting up a company that produces goods or services are: quality , production , efficiency , innovation , technology and new work methods . Concepts that have to do with long and short term productivity; Based on how much or little these issues are respected, the life prognosis of the company will depend.
Proper time management is essential to achieve good productivity.
performance
In a company, productivity is essential to grow or increase profitability and to achieve good productivity, the methods used, time study and an organized system for paying salaries to employees must be carefully analyzed.
If we wanted to look for a synonym for the term, we could stick to performance , since productivity requires good management of resources in order to achieve results that make all the tasks carried out within the company efficient, not only with regard to the manufacturing or production of the service, but also in relation to the methods used and the internal relationship of the company.
The way in which companies can measure productivity is through a calculation in which a comparison is made between inputs and products , where efficiency is what represents the cost per unit of each product.
It is essential to define the trend of our company with regard to production, making comparisons of the results of the productivity study in different time periods. In this way, we will be able to make those changes that are necessary in order to improve work, increasing efficiency and becoming a more profitable company . For this increase in productivity, it is necessary to take into account a series of elements that may vary over time, these are: land and buildings (state of the establishment where production is carried out), materials (availability), resources humans (qualification of the personnel available) and energy, machines and equipment (way in which production is carried out).
Other notions associated with productivity
The concept of total factor productivity , which is associated with the performance of the economic procedure estimated in physical or monetary units, by association between factors involved and products achieved.
Global productivity , a notion used by large companies to improve productivity through the control and examination of its determining factors and the elements that intervene in it. In this sense, new technologies, the organization of work and personnel, the study of cycles and distribution are part of the analysis.
And finally, labor productivity , which refers to the increase or decrease in returns, arising from variations in work, capital, technique or another factor.