As an Amazon Associate I earn from qualifying purchases.

What are Productivity Ratios in Total Quality Management? PDF | Download eBooks

Learn Productivity Ratios definition in total quality management with explanation to study “What are Productivity Ratios”. Study productivity ratios explanation with TQM terms to review total quality management course for online MBA programs.

Productivity Ratios Definition

Productivity Ratios Explanation

An efficient use of resources by an organization is very important. Efficient use helps to reduce costs, in short saves money. Productivity measures include single factor, multiple factor, and total factor productivity measures. Single factor measure indicates the ratio of the output of a process to a single input. Multiple factor productivity measure indicates the ratio of output of a process to the sum of multiple process inputs. Finally, total factor productivity measure indicates the ratio of process output to the sum of all production inputs. If an organization focuses on its productivity measures, it will definitely beat its competitors.

Keep Learning TQM Explanations

What is Product Liability?

Sometimes, a faulty or defective product can be sold to the customers. The defect in the product can be dangerous ...

What is Product Data Management?

An integrative approach is nowadays used to integrate different processes involves in the development of a product. The concept of ...

What is Prevention Costs?

The traditional way of quality control was to check the quality at the end of the production process and look ...

What is Product Traceability?

Product traceability refers to the ease of tracing a product or a component of a product back to its origin. ...

What is Leadership?

Leadership refers to a process where a person who is influential in any manner, inspires and guides a group of ...

What is Lean Production?

Japanese have contributed a lot in the field of quality. Some techniques of quality control and management are unique to ...