Examples of Productivity Indicators

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sormikhatun
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Examples of Productivity Indicators

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Every company wants to produce more and better. But for this to happen, it is essential that the entrepreneur keep an eye on the productivity indicators of the business. That means going beyond the obvious numbers like profit, loss, or expense. These productivity tools show whether, in fact, the areas are producing what is necessary to achieve the objectives within several important aspects for the business activity. Knowing this, in today's article you will learn: – what are quality indicators; – 4 examples of indicators that you need to follow closely. What are productivity indicators? Productivity indicators are strategic tools applied in a company, with the aim of improving production and yield processes.

With these productivity strategies applied within a business, it is possible to evaluate, correct and measure the amount of resources used to produce a particular product or service, for example. Among the main advantages for those who apply are: – data optimization; – identification of possible USA Phone Number List problems; – risk prevention; – increased production and delivery quality; – control and greater process reliability – broad view of the business. To insert productivity indicators into your business, first, you need to establish a standard index for the process that will be evaluated. Once this is done, the result will be obtained and weighted. Finally, make a detailed comparison between the two.

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What are the productivity indicators Now that you know what productivity indicators are and what they are for, get to know the four main ones and learn how to apply them within your organization: 1. Quality Indicator The quality indicator is directly related to the satisfaction of your customers. There is no point in having a high production demand if the product delivered does not meet the expectations of the buyers. You need to balance high productivity with quality! So, look at the numbers that indicate the efficiency of your work, which could be: – number of customer compliments; – rate of on-time deliveries; – drop in the number of complaints. These are just a few examples of productivity indicators that are related to the quality of your business. 2. Strategic indicator Generally, this indicator is measured over a period of time and mainly guides the company's strategic decisions.
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