Although Total Factor Productivity (TFP)measures Are Comprehensive, Operations Personnel Find

question 64

True/False

Although total factor productivity (TFP)measures are comprehensive, operations personnel find financial TFP measures more difficult to understand and less useful than physical partial productivity measures in performing their tasks.

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Definitions:

Constraints

Limitations or restrictions that affect the development, operation, or outcome of a process or system.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Aggregate Planning

A marketing activity that involves developing, maintaining and analyzing broad, long-term operational schedules that facilitate decision-making processes.

Enterprise

describes a large, complex business or organization that engages in commercial, industrial, or professional activities.