Question

How to calculate rate input raw material and output oleoresin?

Answer 1

“Productivity is the basic mission of any organization to provide
the maximum welfare for the maximum number. Productivity as a
measure of efficiency and effectiveness and as a means of improving the
quality of life is generic from achieving the highest output from the
limited resources. Productivity implies the certainty of being able to do
better than yesterday and keeping the tempo continuously to improve
upon. Such continuous improvements are to be generated through the
research for new technique, methods, process, materials, software, and
expertise coupled with vision and dedicated leader - ship having the
ultimate faith in the welfare in the welfare of human system. ”1
“
Productivity means different things to different stake holders. To
workers productivity means a speed up in their work pattern. To union
leaders it means the opportunities to negotiate for higher wages. To
management, it means increased profitability. To customer, it betters
goods after costs. To marketing directors productivity improvement
increases the firm’s competitiveness abroad by reducing the coat of good
sold in foreign market and to economists; it means an increase in
country’s standard of living field to gain in output per man-hour. ” 2