Productivity and industrial engineering
What is productivity?
Applied in an enterprise, a sector of economic activity or the economy as a whole, productivity may be defined as an output and input relation.
The term productivity can be used to asses or measure the extent to which a certain output can be extracted from a given input. This may appears simple enough in cases where both the output and the input are tangible and can be easily measured; however, in cases where intangibles are introduced measure of productivity can be more difficult.
Calculation of productivity
Productivity can be calculated as follows:
Productivity and industrial engineering in goods production
In the case of goods production, the objective is the manufacturing to a better cost, through the raw material, with productivity of the primary resources of production: Materials, human resources and machines. It’s on these, where the action of industrial engineers should address their efforts. Increasing productivity indexes and reducing production costs, are fundamental tasks of an industrial engineer.