How to Improve Operational Efficiency and Productivity

Facing the need to reduce costs and to improve competitiveness? Efficiency, productivity and competitiveness are linked. Better productivity means increased efficiency, which results in a higher level of competitiveness.

In this lesson, we will examine the key principles of operational productivity improvement. The 3 main productivity levers, or drivers of productivity growth we will look at in this unit include:
1. Improving Workforce Productivity.
2. Improving Plant and Equipment Productivity.
3. And Reducing Waste.