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Enhancing Productivity Through Training and Technology in Production

This chapter discusses the significant relationship between productivity and profit in production processes. Key factors for improving productivity include maintaining quality while increasing speed and balancing both aspects simultaneously. Training programs focused on skills development are vital for cultivating productive employees. Additionally, investing in capital and technology, such as robotics, can drive higher productivity. The Just-in-Time (JIT) inventory system optimizes materials management, ensuring timely availability. The chapter highlights the benefits and challenges of incorporating these strategies.

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Enhancing Productivity Through Training and Technology in Production

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  1. Chapter 5: ProductionImproving Productivity ______________ and ______________ are closely related. It is important that an ______________ in productivity results in an ______________ in profit. Increased productivity consists of the following: • maintaining ______________ while increasing ______________ • ______________ quality while ______________ speed • increasing both quality and speed at the ______________ Improving and maintaining productivity is often dependent on * * * *

  2. Chapter 5: ProductionFactors of Production Training Training programs that develop a person’s_________ and ____________ are essential in the development of a productive employee. Four Major Types of Training • ? • ? 3. ? 4. ? Capital Investment Investment of capital into things, such as new _______________________________________ contribute to ____________ productivity.

  3. Investment in Technology Utilizing up-to-date technology enables companies to ______________ and ______________ upon their ______________ edge. Roboticsand ______________, the use of computer-controlled machinery to perform repetitive tasks, is another way companies can improve productivity. What are some possible disadvantages to having technology in the workplace? List 3. * * * Chapter 5: ProductionFactors of Production

  4. New Inventory Systems Just-in-time (JIT): _______________________________________ _______________________________________________________ _______________________________________________________ Requiring up-to-date statistical information, this system ___________, ___________, ___________, and ___________ to increase productivity. Benefits include having the ___________ material, at the ___________ time, at the ___________ place, and in the right ___________ Chapter 5: ProductionFactors of Production

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