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Action options

There are three main options for making big productivity improvements:

    1. Short term  = Cut waste

    2. Short/ Medium term = Optimise existing mix of costly resources and methods used

    3. Longer term = Invest in new skills and technology

 

Productivity Improvement Steps

  • Options 1 and 2 should be conducted on a regular basis – they are not restricted by any need for significant financial resources

  • Not so Option 3 – major capital investment in new/ better equipment or technology may be vital to ensure an organisation’s very survival – however, it also offers scope for unlimited improvement, unlike Options 1 and 2

 

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