Multifactor Productivity Definition and Explanation PDF | Download eBooks
Learn Multifactor Productivity definition in supply chain management with explanation to study “What is Multifactor Productivity”. Study multifactor productivity explanation with SCM terms to review supply chain management course for online MBA programs.
Multifactor Productivity Definition:
Indicates the ratio of goods and services produced (outputs) to many or all resources (inputs).
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Multifactor Productivity Explanation:
It is productivity calculation method in which more than one factor is involve such as the capital and labor. Multifactor productivity is the ratio of all output to all the subset of inputs which may include only material and capital or only labor. It can be measured in same units such as standard hours or dollars. Multifactor is considered as the aggregate of all process. It measures the economic performance which compares the amount of products and services to the amount of all inputs and also known as total factor productivity.
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