Productivity is an elusive word for many businesses. Every business wants to be productive but is unsure of what and how to approach the problem statement:

 

"Can we do more with less? "

 

In simple terms, productivity is measured by the amount of output received from the amount of input used. However, in between the output and input equation, there is much unproductive “waste” that will contribute to less than expected output. Think of trying to fill a bucket full of water (output), but there are many holes (waste) in the bucket!.

 

In business, if this unproductive waste is not eliminated, it will lead to profit erosion.

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To understand the types of unproductive waste that exist, swipe the slide below.