What are the components of productivity measurement system ?Ripunjay Tiwari
Ans. Following are the basic compliments of productivity measurement system-
(i) A list of outputs of the organization in units form.
(ii) For each type of output, standard time, standard cost, raw material 1 use, equipment use and tool use etc. .
(iii) A statement of the objectives of the organization.
(iv) A procedure of making a zero base budget using forecasts of outputs, standard times and forecasts of the productivity. ·
(v) A means of determining the productivity indexes at selected intervals.
(vi) A means of comparing output forecasts data with actual output at selected intervals.
(vii) A means of adding resource usage data and associated productivity indexes in a meaningful fashion related to outputs to reduce the details in reports as data go to higher and higher level managers.