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Well, that all depends really. Let me share a real life story with you as I am an Independent IT Consultant.
A Customer of mine owns a sign and graphics shop. He is using a Dell home computer as his main production machine. It takes this machine literally 30-45 minutes or more to RIP the graphics (Generate and process them) to his $200K ish graphics printer that is capable of extremely fast printing. He does not see the benefits of having a machine that would RIP in less than 1 minute, but what he does see is the cost of such a machine.
Now, looking at this scenario, he "saved" about $1,500 on the computer, but over the course of the 3 years he has had it, what has it really cost him? Well if you calculate in that a normal work day is 8 hours and he has been wasting 1-2 hours a day at say a standard rate of $65/hour; you find that it is costing him $65-$130/day X 260 normal working days in a year = $16,900 - $33,800/year.
So you tell me if productivity is the same as Profitability or Cost Reduction. In my opinion, Cost Reduction is the lazy route Accountant's take to show CEO's how they are going to save a company money and make it more profitable, at least for the short term. What the hell, why not just have the electricity, gas, and all other expenses shut off and imagine all of the money the company will save.........
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∙ 16y ago
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What does precycle mean?
It is the same as Waste Reduction.
Are reduction reactions and displacements the same thing?
Yes
What is reduction in bio?
biological reduction is the addition of electrons(hydrogen atoms) to a molecule.it also increase the potential energy of the molecule
Reduction division is the same as what form of cell division?
Reduction division is another term for meiosis- 1 (ONE).
How do you implement ALARA in a Nuclear Industry?
The same way you implement ALARA in every industry: Identify the risks, gauge their relative danger, figure out how much it would cost to reduce the risk, calculate if it is fiscally efficient to perform the reduction.
Why does the marginal cost curve cut through the average variable cost curve exactly at the minimum of the average variable cost curve?
Marginal cost curve cuts average cost (variable or total cost) at its minimum simply to portray the law of variable proportions. The idea is as labor is increased with capital being fixed, productivity increases upto a point and then decreases and later becomes negative. To relate the same productivity with average cost function, the average cost first decreases , reaches a minimum and then increases. Now marginal cost is just a change in the total cost. Logic says that when MC is less than AC productivity is favourable, thus cost is falling. When MC is more than AC productivity is not favourable and thus the rising portion of the cost curve. When MC = AC , the productivity that was reducing the average cost per unit has maximized and from then on starts rising cost(or decreasing productivity). That is the only point where they can intersect.
What is system productivity?
system productivity is a very important function for improving productivity in any unit. we can say with the help same input using we can maximize our output or productivity
What are two ways to increase productivity?
Productivity goes up whenever more can be produced with the same amount of resources.
What is the productivity formula?
Productivity can be defined as the ratio of financial output in a particular interval of time to the financial input in the same time interval.Total productivity = Output quantity / Input quantity
What does precycle mean?
It is the same as Waste Reduction.
What is cost of control?
By reduction in operating items and using recycle items then we can control cost by using those resources which we already used it example if the guest used half shampoo, and he threw it but at the same time if we collect it in large quantity and we refill it it reduce the cost.
Is labiaplasty or labial reduction or labial beautification and labial reduction are same type of plastic surgery?
Yes. They All Are Same Type Of Plastic Surgery !!!
Are reduction reactions and displacements the same thing?
Yes
What is a productivity gap?
A productivity, or capacity, gap is the difference between what a person can do and what that person actually does. The same principle applies to a work team, organization, and so on.
What is the impact of effective treasury management on banks profitability?
Effective Treasury Management will have the same effect on a banks profitability that it does on any other corporate business....it should have either a positive or neutral effect on the bottom line. Never a negative.
What is reduction in bio?
biological reduction is the addition of electrons(hydrogen atoms) to a molecule.it also increase the potential energy of the molecule
Why is it possible for both reduction and oxidation to take place at the same time?
There are chemical handbooks and journals filled with examples of oxidation reduction reactions.
