What is production & productivity?

.       What is production & productivity?

IE &Textiles

 PODUCTION is the process or procedure where changes of input is tangible by one or more operations and transform into output (goods or services). The production adds value in an organization by utilizing resources (Men, Machines, and Materials). Production counts in number.

INPUT → OPERATION → OUTPUT

PRODUCTIVITY is measuring of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs. A productivity measure is expressed as the ratio of output to inputs used in a production. It is concerned with the effective utilization of resources (input) to produce goods or services (output).

PRODUCTIVITY=OUTPUT/INPUT