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Productiity formula

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  • #24138

    Tonny
    Member

    Hello,
    I want to find a suitable formula to express productivity at my work place.I need to use in my formula the number of labours, hours spent to bild the products…etc Any help is apprecciated
    Thanks.

    0
    #57789

    Sorour
    Participant

    I look after 3 things for our shop floor staff
    Utilisation
    Performance
    Effciency
    Utilisation is made up of Clocked Hours / Good work produced (Not rework jigs etc etc)
    Performance is made up of Act Machining hours / Est machining Hours
    Efficiency is Utilisation x PerformanceΒ showns as a %Β 
    Paul

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    #57795

    Fernando Mendez
    Participant

    Hello,I think that you have to determine the OEE= Overall Effectiveness
    Efficiency more than the three issues you described below.Regards,
    Fer Mendez
    Mexico city

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    #57798

    Layla K
    Participant

    Hi Tonny,
    It is always good to think of productivity in terms of output of goods sold and costs to create those goods.Β  Two very simple formulas that help illustrate:
    Total Productivity = Total # of goods sold / Total # of hours worked to produce the goods
    It will give you a percentage of Quality goods sold, as you will have waste produced that is not part of productivity.
    The second formula address the cost to produce those goods:
    Total Cost of Productivity = Cost per hour x Total # of hours
    If you think about your productivity not only in terms of output, but the cost of that output – you may find more expensive labor produces more salable goods – or find that no difference is made between your groups of higher or lower paid employees, and this information helps you make informed decisions about your labour force.
    Hope that helps a bit in the thinking as you design your full productivity performance metrics.Β 

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