When you calculate the workforce productivity with the above formula, your output will vary based on your industry. While the labor productivity formula doesn’t require you to specify the Unit of Service (UoS), defining it will help to give more context to the output. UoS is the measure of...
What is Productivity? With this blog, boost your productivity by learning productivity meaning, how to measure it, tips to increase productivity, etc.
Operational efficiencymeasures how well profits are earned as a function ofoperating costs. The greater the operational efficiency, the more profitable the firm orinvestment. This is because the entity is able to generate greaterincomeor returns for the same or lower cost than an alternative. In f...
The formula for calculating Repeat Customer Ratio is: (Revenue from Repeat Customers / Total Revenue) x 100. This equation takes into account the revenue generated from repeat customers divided by the total revenue for a given date range, indicating how much value you offer your customers....
The formula for calculating multiples is: Multiple=Performance Metric “A”Performance Metric “B”Multiple=Performance Metric “B”Performance Metric “A” To calculate the multiple, divide the first metric by the second metric. Keep in mind that the metric in the numerator is typically...
What is the fill rate formula? The fill rate formula is pretty straightforward. You just need to divide the number of orders that were shipped by the total number of orders placed and multiply by 100. That means: Fill Rate = (Total Orders Shipped / Total Orders Placed) x 100 ...
Learn what a formula is, how functions can be used in Excel, and the most common functions you should use for your spreadsheets.
However, generally speaking, this is the formula you'll use to calculate your manufacturing lead time (MLT): MLT = Planning and Purchase Orders Made + Wait/delay times + Materials received + Operations + Manufacturing completion This creates the framework needed to begin increasing your productivit...
Here’s the formula to calculate this: Equity = assets - liabilities This equation helps you see what’s left after paying off everything you owe. If your assets are worth more than your liabilities, you’ve got positive equity, which is a great sign for your business. If your ...
One is helping your customers avoid a problem of running out of the product. Which we all know can sometimes be problematic. For example, on Christmas day, when all shops are closed, and you’re out of baby formula. Trust me, I’ve been there. You’d rather avoid that. ...