Key factors for increasing the productivity of production organizations

Kareska, Katerina (2023) Key factors for increasing the productivity of production organizations. Development Economics: Microeconomic Issues in Developing Economies eJournal, 12 (126).

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Abstract

The productivity of manufacturing organizations plays a key role in their success and competitiveness in today's fast-paced and dynamic business environment. This paper provides a concise overview of the key factors that contribute to increasing productivity in manufacturing organizations.
The first set of factors revolves around leadership and organizational culture. Effective leadership fosters a vision for improving productivity and creates an environment that encourages innovation and collaboration. An organizational culture focused on productivity promotes employee engagement, accountability and a drive for continuous improvement.
Manpower management and skills development form another key aspect. Optimal workforce planning, allocation and employee motivation increase productivity. Additionally, investing in training and skills development programs equips the workforce with the necessary competencies to excel in their roles.
Technology and automation are key in transforming manufacturing processes. Leveraging state-of-the-art technologies and integrating automation solutions streamline operations, reduce downtime and improve overall productivity.
Effective supply chain management is paramount. Improving supply chain efficiency, establishing robust relationships with vendors, and implementing efficient inventory management practices boost productivity.
This paper highlights the importance of a holistic approach to improving productivity, encompassing leadership, workforce, technology, process optimization, supply chain management, quality control, workplace safety, data analysis and sustainability. By addressing these key factors, manufacturing organizations can unlock their true potential and thrive and become increasingly competitive.

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Scientific Tobacco Institute
Depositing User:	Prof d-r. Katerina Kareska
Date Deposited:	01 Nov 2024 10:40
Last Modified:	01 Nov 2024 10:40
URI:	https://eprints.uklo.edu.mk/id/eprint/10090

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