Productivity signifies a level of performance that optimises companies' processes to achieve the highest amount of output from using the least amount of input.
A company's ability to maximise the utility of assets and equipment that are used for production in its factory or plant.
The level of optimised production to minimise the average volume of inventory required and hence, costs of excess inventory storage.
The amount of energy and water consumed, and emissions and waste produced by manufacturing operations.
The improvement in labour productivity by reducing the man-hours spent per task.
The measure of the company’s efforts in optimising the usage of raw materials in its production process.
Quality reflects a company's desire to prevent defects in its products during manufacturing and delivery to customers.
A company's ability to maintain optimal performance of its manufacturing processes, minimising deviations and irregularities from intended conditions.
A company's ability to ensure that the percentage of defective products remains low.
Safe and secured working environments help to minimise health and safety incidents and security breaches.
Speed enables companies to shorten product life cycles, maximise sales and flexibility allows companies to adapt quickly to changing business conditions and demands.
A company's ability to respond quickly to changes in market demand and supply.
A company's ability to augment its production easily while incurring low cost.
The ability of a company’s workforce to perform a variety of different job functions.
The length of time needed from developing a product to launching it in the market.
The length of time needed from starting a project to delivering the products to customers.