By requiring suppliers to meet ISO 9000 standards, a manufacturer can improve its quality. Especially useful are acceptance sampling and in-process sampling. In-process sampling involves evaluating products during production so that needed changes can be made. There is absolutely no negotiation. The Meaning of Productivity Productivity is an economic measure of efficiency that summarizes what is produced relative to the resources used to produce it.
Aggregate productivity is the total level of productivity achieved by a country.
Industry productivity is the total productivity achieved by all the firms in a particular industry. Company productivity refers only to an individual company's productivity. Unit productivity is the achievement of a unit or department within an organization. Total factor productivity is an overall indicator of how well an organization uses all of its resources to create its products and services. B. The Importance of Productivity Productivity is important because it determines the organization's ability to survive and the people's standard of living.