Productivity Tools Employed by Masuda Philippines Corporation
CHAPTER 1
INTRODUCTION
1.1 Background of the Study
Productivity is the output of an industrial concern in relation to the materials, labor it employs. It is also the average measure of the efficiency of production, a ratio of output to what is required to produce its (inputs of capital, labor, land, energy, materials, etc.). The measure of productivity is defined as a total output per one unit of a total input.
Productivity is also confused with terms like efficiency and effectiveness and these terms are wrongly considered synonymous to productivity. Efficiency and effectiveness are two different terms such that efficiency indicates how well the resources are utilized to accomplish a result. Alternatively, effectiveness refers to the degree of accomplishing the objectives. To understand productivity, efficiency and effectiveness consider a manufacturing company.
MASUDA PHILIPPINES, INC. (MPI) is a Motorcycle and General Purpose Engine parts Manufacturer Located at the Special Export Processing Zone, 108 North Science Avenue, Laguna Technopark, Binan, Laguna.
Masuda Philippines Inc., is Mainly Engaged in the development, manufacture and sale of safety products for automobiles. The Company offers Spare parts and trim parts.
In this chapter, the researchers will discuss what are productivity tools and the usefulness in acknowledging of these tools to construct Productivity in an organization.
1.2 Review of Related Literature
1.2.1 Conceptual Literature
Definitions of Productivity
Productivity measures output per unit of input. Since productivity increases can mean higher levels of output while input levels remain constant, it is the most direct route to inflation free economic growth, and higher standards of living.
It is instructive to look at both the levels and the growth rates of productivity, particularly for cross country comparisons of efficiency and competitiveness. The two are likely to capture slightly different aspects of the effect of
INTRODUCTION
1.1 Background of the Study
Productivity is the output of an industrial concern in relation to the materials, labor it employs. It is also the average measure of the efficiency of production, a ratio of output to what is required to produce its (inputs of capital, labor, land, energy, materials, etc.). The measure of productivity is defined as a total output per one unit of a total input.
Productivity is also confused with terms like efficiency and effectiveness and these terms are wrongly considered synonymous to productivity. Efficiency and effectiveness are two different terms such that efficiency indicates how well the resources are utilized to accomplish a result. Alternatively, effectiveness refers to the degree of accomplishing the objectives. To understand productivity, efficiency and effectiveness consider a manufacturing company.
MASUDA PHILIPPINES, INC. (MPI) is a Motorcycle and General Purpose Engine parts Manufacturer Located at the Special Export Processing Zone, 108 North Science Avenue, Laguna Technopark, Binan, Laguna.
Masuda Philippines Inc., is Mainly Engaged in the development, manufacture and sale of safety products for automobiles. The Company offers Spare parts and trim parts.
In this chapter, the researchers will discuss what are productivity tools and the usefulness in acknowledging of these tools to construct Productivity in an organization.
1.2 Review of Related Literature
1.2.1 Conceptual Literature
Definitions of Productivity
Productivity measures output per unit of input. Since productivity increases can mean higher levels of output while input levels remain constant, it is the most direct route to inflation free economic growth, and higher standards of living.
It is instructive to look at both the levels and the growth rates of productivity, particularly for cross country comparisons of efficiency and competitiveness. The two are likely to capture slightly different aspects of the effect of
References: Saunders, M., Lewis, P. & Thornhill, A. (2003), Research Methods for Business Students (3rd Ed.), Harlow Financial Times, Prentice Hall. Six Sigma A New Direction to Quality and Productivity Management by Tushar N