INTERNAL STRATEGY THAT DETERMINES AN ENTERPRISE PRODUCTIVITY (HARD FACTOR)

In this new post, you will know about enterprise and strategy which could be put in place for an organisation's to be more productive in very way.

Since strategies/factor often change depending on the idea, so we can say that it should be categorize into two groups, which in this post we will only talk of one and the other factor will be in our other post, these
two categories are 'HARD FACTOR ' (they don't change easily) and 'SOFT FACTOR ' (they can easily change).  For the sake of this post, we will only talk on the 'Hard Factor'.

The hard factors here include Product, technology, equipment and raw materials, this classification help us build priority which around which factors can easily be ventured in or which factor require stronger financial and organizational interventions.

Not to beat around the bush for long, let's get down to discussing the real about the hard factor which is our main study here.

HARD FACTOR

1. PRODUCT  : product as a strategy of productivity simply means to which degree or extent the product meets the output requirements. "use value" can  be modify or improved by better design and specifications. Many companies in the world keep on having problems on incorporating technical excellence into marketable products. Let analyse the word research, marketing and sales, research is finding more about a product, marketing is to some extent the effectiveness of advertisement, and sales is the amount of buyers who bought the product, product as one big strategy of enterprise productivity must in all way be anchored on marketing and research.

For example, leading Japanese companies continually redesign products which are on market. Product  "place value", "time value" and price value" refers to the the availability of product at the proper placement, at the right time and at a reasonable price. The "volume factor" in particular gives us a better notion of the economical scale through increased volume of production. Finally, the cost benefits can be enhanced by increasing the benefit for the same cost or by deducting the cost for the same benefit.

2. Plant and equipment : it is also one thing that plays a leading role in productivity improvement programme through:
~ Good maintenance 
~ operating the plant and equipment in optimum process condition 
~ increasing plant capacity by eliminating bottle-neck and by corrective measure
~ reducing idle time and making more effective use of available machines and plant capacities. 

Plant and equipment productivity can improve by attention to utilization, age, modernization, cost, investment, internally produced equipment, capacity maintenance and expansion, inventory control, production planning and control, and so on.

3. Technology :this is one of the most powerful means which constitute a high source of higher productivity, increased volume of goods and services, quality improvement, new marketing methods, e. t. C, can be achieved through increase automation and information technology. Automation can also improve materials handling, storage, communication systems and quality control.

4. Materials and energy : even small efforts to reduce materials and services energy consumption can bring remarkable result. These vital sources of productivity include raw materials and Indirect materials (process chemicals, lubricant, fuel, spare parts, engineering materials, packing materials). Important aspects of materials productivity include:

~ use of wastage and scraping 
~ import substitition
~ improve inventory management to avoid holding excessive stock 
~ developing sources of supply 


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