The Essentials on How to Measure Productivity

In any business setting, it is actually very important for the management to measure productivity. This is because productivity is one of the main factors that define the success of the very business. No matter what industry the business belongs to, productivity is definitely needed as a contributing factor towards achieving the common goal of success. Of course, when it comes to productivity, the performance of the company's workforce is an underlying concept here as well. Here lies the problem of measuring the productivity of your workforce. Remember that employees are people, and the performance of people is relative as it can come. So, how do you measure productivity in this aspect then?

There have actually been numerous methods implemented towards this goal. Here lies the concept of what are known as productivity metrics. When you are considering implementing productivity metrics in your organization, there would be factors that you have to study as well. First off, you need to ask yourself, just what do you want to measure with these metrics? With the many possible things you would want to measure, this could actually be a hard question to answer. Just focus on the goals and objectives that the company originally put in place, so that the quest for this would properly be guided. Aside from this, you would also have to determine the method on how you would measure the things you want to measure, as well as the course of action you would undertake once you do obtain these measurements. The method here would actually be your very own productivity metrics. The course of action here would be the actions that you are willing to undertake so that your goals and objectives would be achieved and realized.

Productivity

When you are dealing with productivity metrics, you would also have to deal with what are known as the CSFs, or the Critical Success Factors. The four types of such factors include strategy, industry, temporal, and environmental. You may be tempted to include many CSFs, but you should not do this at all. This would only make the scenario all the more confusing, thereby losing the focus of the whole activity. Moreover, these factors would have quantifiable elements that would have to be measured against a certain threshold. This threshold specifies each of the factor's current status. These elements that you can quantify are actually your KPIs, or Key Performance Indicators.

The Essentials on How to Measure Productivity

So, now that you have your CSFs and your KPIs, you can then move on to the development of your measurement tool. There are steps that you need to take in implementing this. The first thing to do is establish the vision of your measurement tool. You need to do this, so that you can then determine the strategic goals your measurement tool aims to achieve. Regarding your strategic goals, you also have to analyze each of them so that you can completely grasp the particular factors that hold influence over them. A measure per factor KPI, as well as a target value, should then be assigned.

These are just some of the steps that will help you in your quest to measure productivity in the workplace.

The Essentials on How to Measure Productivity

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Einstein - Definition of Insanity

Insanity in the Sign & Graphics Industry

Einstein's Definition

Productivity

Albert Einstein once said "The definition of insanity is doing the same thing over and over again and expecting different results". Think about this quote for a second and ask yourself, does this quote apply to the way you run your company?

Einstein - Definition of Insanity

Have you been doing the same thing over and over again expecting different results? If so, then you might want to keep on reading. In a world where technology is becoming a key productivity tool to the success of any business, it simply comes down to, are you accepting and harnessing technology or rejecting it. Are you willing to change or will you do the same thing over and over again? T

Here are two main reasons why I pose this question. First, many shop owners today have trouble understanding how new technology, specifically software, can become a major benefit to their business, and second, owners have trouble measuring the profits they are losing by rejecting this technological change. Have you ever rejected technology?

"If It Ain't Broke Then Don't Fix It!" Mentality

Are you expecting to increase profits by continuing the same business strategy year after year? If so, how long do you think the method will work?

Many shop owners simply do not see the need to update or change their current method. They believe that there is no need to invest in a new method when the old one still seems to work fine. This is the common, "If it ain't broke then don't fix it!" mentality. Well, I hate to be the one to say it, but just because something isn't "broke" doesn't mean you can't make it work better. When new technology such as software, could save you large amounts of time & money, how can you not accept it?

In an industry where there is an increasing level of competitiveness, shop owners must take advantage of every method available to help them cut costs. Would a commercial printer looking to grow their business, limit their shop to just a one color press? Sure they can continue to operate with a one color press, but wouldn't a two or four color press help expand their business into other areas more effectively. In this example the current method works, but a technological change would help increase the company's ability to grow.

Exploring these other areas help companies to sustain and increase profits. Without accepting new technology, shop owners greatly limit their profit potential. By using the power of technology to make their business practices more efficient owners can continue to achieve their goals.

Are You Sacrificing?

A lot of shop owners that we talk with have a hard time visualizing the amount of money they are losing, or in actuality, the amount of money they are giving to their competition, due to inconsistencies in the work flow process. These shops feel they are doing well with the system they currently have in place and do not see the need to change to a new method. This lack of vision can cause owners to limit their future profits.

On the opposite side, the owners that do see a need for change begin to focus more attention on how much money it will cost to make the switch rather than how much they are losing. These owners become unsure and wonder if the investment today will pay off tomorrow. To those owners, how much will it cost you not to switch? Do you even know? Is it one, three, possibly five jobs a day? Do the math. How much money/time is lost due to inefficiencies such as faulty estimates, under/over-priced jobs, or lost invoices.

Ask yourself, how long can a company continue to compete if they are not being as efficient as their competition? If companies choose to stay with the same system they have been using for years and reject change are they, in essence, choosing to sacrifice future profits?

0,000 a Year

One company in particular that we spoke with was losing 4 orders per week to their competition. Since only one person in the shop was able to estimate, it was taking days to get quotes to customers, therefore forcing their clients to seek, and eventually accept bids from competing companies. When this company finally analyzed their method and applied a dollar amount to the loss, they estimated they were losing around 0,000 in revenue a year. Amazing right? What would 4 orders a week cost you? Or if you could accept 4 more orders a week, what would you do with the extra profits? How does a company like this one miss out on a 0,000 opportunity? Simply put, insanity, the Einstein definition.

It's not Just Estimating

Companies are not just losing profits due to faulty estimates; they're also losing profits due to a lack of follow up, or customer management. When sending estimates out to potential clients, how often do companies remember to follow up with them? With the constant chaos that shop owners experience on a daily basis, this follow up process can become an aspect that is quickly forgotten, especially if the current estimating system doesn't include this integration.

How much can a company increase their "win" rate for estimates by placing follow up calls to all customers with estimates outstanding? By using a powerful integrated estimating and business management software, like Cyrious, company's are able to create reminders that will tell employees who to call, when to call, and why, automatically. It keeps all customer, contact, and order information together in one place and increases the ability to save time and builds customer relationships essential to business growth and expansion.

Adapting to Change

By adapting to change, and accepting and harnessing technology, shop owners who use Cyrious Software have become more efficient and profitable.

Cyrious helps owners solve a variety of different frustrations. Whether you're an owner who is frustrated with estimating because it takes up too much time or one that is annoyed that orders keep getting lost and misplaced, Cyrious has a solution. Cyrious helps put an end to the lack of integration by providing the power of multiple software systems in one (estimating, accounting, job tracking, customer management, etc.). No company is happy about losing customers due to late quotes or losing money because parts are omitted from estimates and orders.

When owners understand the amount of time and money a different method can save them, the switch to powerful software like Cyrious is simple. Is it time for you to explore different methods to increase sales & profits, and make your business more manageable?

For More Information on Cyrious Software go to http://www.cyrious.net, call 1-800-552-1418 , or email info@cyrious.net

Einstein - Definition of Insanity

Danny Tangredi, Cyrious Software " Your Estimating, Business Management & Job Tracking Software Solution "

dtangredi@cyrious.net

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How to Increase Productivity

A business wishing to improve its profitability must undertake certain steps that can guarantee to provide the desired results. One of the things that the management staff must give important notice is the production and productivity of the business as a whole. As has been known, to increase the profitability of an enterprise, certain things must be improved in the workplace. To increase productivity is one of these.

Productivity is defined in economics as the measure of the production output per unit of production input. This refers to the ratio of output and input in the production process.

Productivity

Production is the process of converting resources into finished goods for consumption. Technology is needed in the process of production. In fact, the advancement in technology has greatly helped in easing out production. Thus, you can definitely say that the aspect of technology is very important in the whole equation.

How to Increase Productivity

Aside from technology, there is also another component that is very difficult to eliminate. This is the aspect of labor. Human capital contributes a lot in the improvement of productivity level. In fact, you can even say that the driving force in a business is human capital. Other capital, such as monetary and technology, may have secondary roles, but these are still significant as well.

To capitalize on human is to increase productivity. This cannot be over emphasized at all.

To increase production, a factory must have the necessary number of labor force to meet production target. To increase production, it would be important to augment the number of workers. However, increasing the number of workers does not always result to increased productivity.

Depending on the nature of a business, many businesses choose to minimize the number of workers in their factories. The rising labor costs in developed countries can eat much of the production costs resulting to decreased competitiveness in the prices of certain products. However, minimization of labor may also lead to other disadvantages.

Intensive training and consistent upgrading of educational levels and skills can help in increasing the productivity level of workers. Humans have the capacity to improve and learn new things. Businesses have the responsibility to increase the skills and level of experience of their workers.

Motivation to work can also lead to increased productivity. Incentives and improved working condition in the working place can contribute to the improved productivity level.

When a worker is happy is his workplace, he is likely to be more productive.

The advancement of technology helps a lot in providing leverage in the workplace. With technological advancements, products that used to take a day to produce can then be processed and finished in just a few hours. The reduction in production hours can be attributed to the improvement of technology utilized in the workplace.

How to increase productivity for individuals?

Enhancement of skills and improved awareness of new technology are keys to increase the productivity level of individuals. The workforce must have consistent improvement. Advancement in good technology can help in achieving work leverage.

To increase productivity, it is important to account the valuable resources. The resources may encompass the human capability and technology.

How to Increase Productivity

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Affiliate Marketers Must Have Determination

Just this morning, I was reflecting on how my affiliate marketing business has grown and all of the things that I had to overcome.

And then I thought about other affiliate marketers online before and after me, who have or will have the same obstacles to overcome.

That's the reason for this article.

The Good Things About Affiliate Marketing

There are many good things about this business. They pretty much out weigh the bad things.

You get financial independence, you get all the free time that you wish, and all this because, business wise at least, you have no boss to answer to.

You work when you want to and not when someone else wants you too.

You name your own hours, take breaks when you want. I could go on an on, but I think you get the general idea.

You check your website for opt-ins and sales, promote your product to your list and on line and search for other products to promote. It takes time to build your site content, your conversion process and other aspects of your business, but once you do it's just a matter of doing what need to maintain and promote your online business.

The Bad And The Ugly Things About Affiliate Marketing

I hope that you have heard of the old Clint Eastwood western, "The Good The Bad And The Ugly"

We've just covered the "good". Now we'll cover the bad and the ugly part!

To me, the bad and ugliest things about Affiliate marketing are:

(1)Dishonest mrechants! To me this is the worse thing about selling other people's products. If it were not for hard working affiliates, many of these merchants would make no money at all!

And yet some of them seem to have people working to either prevent or delay paying their affiliates.

I had the unpleasant experience of having to terminate the contracts of two fairly well know merchants because of money issues. And of course, you also have to protect yourself from some marketers online who steal your commissions.

(2)Hype artists- Actually, these people are liars. But in an attempt at being polite, we say that they just are guilty of " hype".

They promise you money almost overnight, and lots of it, if you purchase their product. They cause you to waste your time and your money as well.

(3)False information- This covers a lot of terrritory and so I'll have to brief. The bottom line is this: Whenever you receive any information online, always consider the source. To put it bluntly, there are many people online giving out internet marketing information and don't know what they are talking about.

But once you overcome these hurdles, you'll find that Affiliate marketing can be financially and even morally rewarding, financially because your make money and morally because you get to help other people make money too!

Article Source: http://EzineArticles.com/7036289