Productivity combines the amount of output and the amount of factors used in the output of the system.
Brief description
This indicator captures the efficiency of a system that transforms factors of production (e.g., workers, machinery, etc.) into output (e.g., products, services, etc.). Regarding the meaningfulness of high productivity in any labor system, one must consider whether maximum productivity also always generates maximum output.
Model
Number of parts produced per employee [pcs/M] = Number of parts produced / number of employees
