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Operations and Productivity in Management - Coggle Diagram
Operations and Productivity in Management
Operations in Industrialized Nations
Strategies
Flexible and technological systems
Innovation in advanced products
(microelectronics, precision castings, lasers)
Trends
High-value, specialized products
Increased flexibility in production systems (use of computers and robotics)
International Differences
Japan: corporate objectives centered on employees and customers, automated production, long-term culture, continuous improvement, and worker participation
Germany: emphasis on technical talent and advanced technology
Productivity
Definitions
Output units / resources consumed
Value generated / material expenditure
Measurements
Trend, horizontal, vertical, and budget analyses
By worker groups (e.g., units per hour)
Factors Influencing
Capital/labor ratio
Scarcity of resources
Innovation and technology
Workforce changes
Regulations and bargaining power
Managerial factors and quality of work life
Key Concepts in Operations Management
Productivity at firm, industry, national, and international levels
Difference between factor productivity and total factor productivity
“Productivity flywheel” cycle
Competition boosts productivity, which improves offerings and market share, leading to more competition
Operations in Manufacturing and Services
Manufacturing
Tangible outputs, minimal customer contact, simple measurement
Services
ntangible outputs, high variability in quality, direct customer interaction
Productivity Improvements
Controlling inputs, enhancing processes, and applying technology