{"id":7929,"date":"2017-02-06T10:00:26","date_gmt":"2017-02-06T09:00:26","guid":{"rendered":"http:\/\/www.steelavailable.com\/?p=7929"},"modified":"2017-10-18T08:47:39","modified_gmt":"2017-10-18T06:47:39","slug":"productivity-is-never-an-accident-so-learn-how-to-implement-it","status":"publish","type":"post","link":"https:\/\/www.steelavailable.com\/ko\/productivity-is-never-an-accident-so-learn-how-to-implement-it\/","title":{"rendered":"Productivity is never an accident! So learn how to implement it."},"content":{"rendered":"<p class=\"qtranxs-available-languages-message qtranxs-available-languages-message-ko\">\uc8c4\uc1a1\ud569\ub2c8\ub2e4, \uc774 \uae00\uc740 <a href=\"https:\/\/www.steelavailable.com\/en\/wp-json\/wp\/v2\/posts\/7929\" class=\"qtranxs-available-language-link qtranxs-available-language-link-en\" title=\"English\">English<\/a>, <a href=\"https:\/\/www.steelavailable.com\/fr\/wp-json\/wp\/v2\/posts\/7929\" class=\"qtranxs-available-language-link qtranxs-available-language-link-fr\" title=\"Fran\u00e7ais\">Fran\u00e7ais<\/a>, <a href=\"https:\/\/www.steelavailable.com\/it\/wp-json\/wp\/v2\/posts\/7929\" class=\"qtranxs-available-language-link qtranxs-available-language-link-it\" title=\"Italiano\">Italiano<\/a>, <a href=\"https:\/\/www.steelavailable.com\/zh\/wp-json\/wp\/v2\/posts\/7929\" class=\"qtranxs-available-language-link qtranxs-available-language-link-zh\" title=\"\u4e2d\u6587\">\u4e2d\u6587<\/a>  \uc640 <a href=\"https:\/\/www.steelavailable.com\/de\/wp-json\/wp\/v2\/posts\/7929\" class=\"qtranxs-available-language-link qtranxs-available-language-link-de\" title=\"Deutsch\">Deutsch<\/a> \ub85c\ub9cc \uc9c0\uc6d0\ud569\ub2c8\ub2e4.<\/p><p><em><strong>&#8220;Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning, and focused effort.&#8221; \u00a0<\/strong><\/em>Paul J. Meyer<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Productivity is an essential component in organizations nowadays.\u00a0It allows us to measure the efficiency of our business in converting inputs into useful outputs. Also, it is a high level view of how well the resources are managed within the system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Productivity measurements can help you to answer several questions such as:<\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li><span style=\"font-weight: 400;\">How effectively are you managing your assets?<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Are you improving in key areas?<\/span><\/li>\n<li><span style=\"font-weight: 400;\">How are you doing compared to your peers?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By answering these questions, your company can: <\/span><span style=\"font-weight: 400;\">Assess its performance and eventually boost its position in a more and more competitive market.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8058 size-large\" src=\"https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/01\/chess-1024x682.jpg\" alt=\"chess\" width=\"640\" height=\"426\" \/><\/p>\n<p>&nbsp;<\/p>\n<h4>The importance of Productivity in business<\/h4>\n<p><span style=\"font-weight: 400;\">We can summarize the importance of business productivity for every organization as follows:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h5><span style=\"font-weight: 400;\">Efficient utilization of resources<\/span><\/h5>\n<\/li>\n<\/ul>\n<p>Productivity in the workplace increases the overall efficiency of a business. Indeed, it maintains efficient utilization of the available resources. In other words, the production capacity of the company is utilized to the optimum level. Thus leading to higher profit due to larger production scale.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h5><span style=\"font-weight: 400;\">More competitive price<\/span><\/h5>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Efficient utilization of resources lowers the cost per unit of a product resulting in lower selling prices while maintaining the same quality. In this aggressively competitive market, selling products at more competitive prices give a more profitable edge to businesses to attract more customers and make greater sales.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h5><span style=\"font-weight: 400;\">Empowerment of team members<\/span><\/h5>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Making higher profit as a result of enhanced production allows the business to share the gain earned with its employees. This boosts the spirit and attitude of the employees towards the job. As a result, their working efficiency tends to increase which in return can be reflected on the company\u2019s revenue and profit afterwards.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4>A success case: ArcelorMittal current and future practice<\/h4>\n<p><span style=\"font-weight: 400;\">Companies nowadays not only target to meet demands, but also to satisfy customers\u2019 requirements in the most cost-efficient and energy-efficient way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a matter of fact, in February 2016, <\/span><a href=\"http:\/\/usa.arcelormittal.com\/sustainability\/our-strategy\/business-strategy\"><b>[1] <\/b><\/a><span style=\"font-weight: 400;\">ArcelorMittal, which is one of the leading steel producing companies worldwide, with annual achievable production capacity of approximately 114 million tonnes of crude steel, announced a 5 year business strategy in order to boost productivity and profitability called Action 2020. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The scheme included efficient utilization of financial resources by focusing on investing in high productivity assets and using fewer assets in the United States which will lead to higher profit and increased financial and economic viability.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h6 style=\"text-align: center;\">An ArcelorMittal factory in France where steel coils are stored<\/h6>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7940 size-full\" src=\"https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/01\/A01_ArcelorMittal.jpg\" alt=\"Arcelormittal_Productivity\" width=\"675\" height=\"407\" srcset=\"https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/01\/A01_ArcelorMittal.jpg 675w, https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/01\/A01_ArcelorMittal-600x362.jpg 600w, https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/01\/A01_ArcelorMittal-100x60.jpg 100w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/p>\n<p style=\"text-align: center;\">Source: <a href=\"https:\/\/www.nytimes.com\/2014\/02\/08\/business\/international\/steel-maker-arcelormittal-narrows-its-net-loss.html?_r=0\">The New York Times<\/a>\u00a0&#8211; Steel maker ArcelorMittal narrows its net loss. Published: February 7, 2014<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Action 2020 plan also takes into consideration ensuring higher utilization of resources and efficiency rates. In fact, the hot strip mills (HSMs) in the U.S. average only 70% utilization. This means that the HSMs aren\u2019t functioning roughly 30% of the time which is a large\u00a0financial loss because the company is still paying for the electrical cost during this period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Larry Fabina, manager of continuous improvement of ArcelorMittal, acknowledges <\/span><a href=\"https:\/\/energy.gov\/eere\/videos\/success-story-alcoa-and-arcelormittal\"><b>[2] <\/b><\/a><span style=\"font-weight: 400;\">the importance of operational efficiency within a company stating that efficient allocation of financial resources helped them save up to $ 19.8 million dollars in electrical energy cost per year.<\/span><\/p>\n<p style=\"text-align: left;\"><sub>\u00a0\u00a0<\/sub><\/p>\n<h4>How to improve Productivity within your company?<\/h4>\n<p><span style=\"font-weight: 400;\">The methods used to improve productivity have existed for years and they widely differ from one firm to another depending on the business structure. However they all use the same systematic approach called \u00a0<\/span><a href=\"http:\/\/www.pitt.edu\/~jrclass\/or\/or-intro.html\"><b>[3] <\/b><\/a><span style=\"font-weight: 400;\">Operation Research which is consists\u00a0of 4 steps. Every step is crucial and requires a minimum amount of consideration and attention while performing it.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8122 size-large\" src=\"https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/01\/improve-productivity-1024x487.jpg\" alt=\"improve productivity\" width=\"640\" height=\"304\" \/><\/p>\n<p style=\"text-align: center;\">Icons: <a href=\"https:\/\/thenounproject.com\/\">thenounproject.com<\/a><\/p>\n<h4><b>\u00a0 \u00a0\u00a0<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\">\n<h5><span style=\"font-weight: 400;\">1. Identifying the problem<\/span><\/h5>\n<\/li>\n<\/ul>\n<p>Identifying the problem includes determining the target goal or objective, which can be minimizing total cost or maximizing the total profit. This step also includes knowing the specific factors that are influencing this objective. As well as knowing the constraints that limits the capacity of each resources within the firm.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\">\n<h5><span style=\"font-weight: 400;\">2. Mathematical model formulation<\/span><\/h5>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This step requires a lot of mathematical development. It is characterized by three main elements: d<\/span>ecision variables<span style=\"font-weight: 400;\">, c<\/span>onstraints<span style=\"font-weight: 400;\"> and o<\/span>bjective function<span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\">\n<h5><span style=\"font-weight: 400;\">3. Solving the problem<\/span><\/h5>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Various researches have been conducted in order to solve these mathematical models. Indeed, there are plenty of methods and techniques developed. For instance Integer programming is a modeling optimization technique dealing with integer restricted variables. Whereas Stochastic programming is an optimization approach that deals with variables under uncertainty conditions. \u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\">\n<h5><span style=\"font-weight: 400;\">4. Implementing the results<\/span><\/h5>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is the last step of O.R. which consists in implementing the final recommendations and establishing control over the process.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong> \u00a0 As a conclusion,<\/strong>\u00a0in this competitive market productivity improvement plays a crucial role in the success of our organizations and businesses. As we are busy working on a daily basis and struggling to meet our clients\u2019 demands, it is essential to recognize and implement the right tools in order to increase the efficiency of our operations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Please notice that you might be interested in the productivity-related articles we have published:<\/p>\n<p><b>\u00a0 \u2022 <\/b><a href=\"https:\/\/www.steelavailable.com\/en\/become-a-leader-and-manage-efficiently-your-supply-chain\/\">Leaders win through logistics<\/a><\/p>\n<p><b>\u00a0 \u2022 <\/b><a href=\"https:\/\/www.steelavailable.com\/en\/6-free-online-tools-boost-business-productivity-today\/\">6 Free Tools to boost Business Productivity<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">If you want to have more information about the article or you want to share your opinion with us,<\/span><span style=\"font-weight: 400;\"> contact us at <\/span><a href=\"mailto:info@steelavailable.com\"><span style=\"font-weight: 400;\">info@steelavailable.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<hr \/>\n<p>We are <a href=\"https:\/\/www.steelavailable.com\/en\/\">Steel Available<\/a>, an online supplier relationship management and sourcing platform\u00a0connecting suppliers and buyers\u00a0from the heavy industry. We are developing the first ecosystem in the heavy industry. It allows clients to efficiently manage and automate their supply chains using web-based tools and services. Our goal is to reduce the hidden risk in value chains. We do it by providing the information that matters, from compliance to quality assurance, creating value for all stakeholders.<\/p>\n<p>To get more information you can\u00a0<a href=\"https:\/\/issuu.com\/steelavailable\/docs\/brochure_steel_available_online_dou\">download our brochure<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Written\u00a0by: \u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9521\" src=\"http:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/02\/Color_Yasmine1.png\" alt=\"\" width=\"130\" height=\"130\" srcset=\"https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/02\/Color_Yasmine1.png 300w, https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/02\/Color_Yasmine1-150x150.png 150w, https:\/\/www.steelavailable.com\/wp-content\/uploads\/2017\/02\/Color_Yasmine1-100x100.png 100w\" sizes=\"auto, (max-width: 130px) 100vw, 130px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Yasmine Bachraoui<\/strong><\/p>\n<p>Business Developer\u00a0@<a href=\"https:\/\/www.steelavailable.com\/en\/\">Steel Available<\/a><\/p>\n<p><a href=\"mailto:yasmine@steelavailable.com\">yasmine@steelavailable<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\uc8c4\uc1a1\ud569\ub2c8\ub2e4, \uc774 \uae00\uc740 English, Fran\u00e7ais, Italiano, \u4e2d\u6587 \uc640 Deutsch \ub85c\ub9cc \uc9c0\uc6d0\ud569\ub2c8\ub2e4.&#8220;Productivity is never an accident. It is always the result [&hellip;]<\/p>\n","protected":false},"author":219,"featured_media":8070,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[397],"tags":[175,149,138,135,169,171,168,172,173,174,150],"class_list":["post-7929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-productivity","tag-arcelormittal","tag-business","tag-business-development","tag-corporate","tag-economy","tag-efficiency","tag-industry","tag-operation-research","tag-optimization","tag-organization","tag-productivity"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/posts\/7929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/users\/219"}],"replies":[{"embeddable":true,"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/comments?post=7929"}],"version-history":[{"count":99,"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/posts\/7929\/revisions"}],"predecessor-version":[{"id":9523,"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/posts\/7929\/revisions\/9523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/media\/8070"}],"wp:attachment":[{"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/media?parent=7929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/categories?post=7929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.steelavailable.com\/ko\/wp-json\/wp\/v2\/tags?post=7929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}