Intermittent: Goods and services are produced to fulfil the order of customers rather than keeping them in stock. Production has done when demand comes from customers. Job or unit and batch production. Continuous: Production is done on the basis of the sales forecast and stock position. The importance is given to planning, controlling, scheduling etc. […]
Production: It is the conversion of input into an output. It is expressed as MKS unit or CGS unit or in numbers. The production is done to fulfil the consumer requirement. Productivity: It is the ratio of outputs the system to input employed in the system. It is a dimensionless number. It is the management […]
Efficiency Efficiency in the workplace is the time taken to do something. It measures the capability of the workers and managers. Are they capable to do some work or not. Efficiency increases productivity saves time and money. Productivity Productivity measures the efficiency of the conversion. Productivity is the relationship between output generated by a production […]
