How an Account Sourcing has Improved Productivity?
Maximizing productivity is the need of the hour, thanks to technological advancements, customer expectations, and globalization. Productivity can loosely be defined as output delivered by an organization, in the form of goods or services, by utilizing input which includes labor, materials, machines, and capital. However, in today's times, productivity has transcended this mere ratio and has come to imply working smarter. The following are some of the key areas to be considered when it comes to improving efficiency in any company: a. Choosing the right equipment can go a long way in minimizing the risk of costly errors and improving the way a business operates. Before purchasing any equipment, one should ensure that he/she is thoroughly familiar with the immediate as well as long-term needs of the business. b. Use of technology: web-based technologies are the order of the day. Be it spreadsheets or off-the-shelf software solutions, production management tools can increase ma