Saturday, 23 August 2008

It is not often governments talk about Total Factor Productivity but here is a recent example ...

The Malaysian government urged the Food and Beverage industry to emphasise the enhancement of Total Factor Productivity (TFP).

This is to enable the industry to be more efficient in the light of escalating costs, said the the Deputy Minister of International Trade and Industry (MITI), Datuk Jacob Dungau Sagan.

"Improvements in TFP reflects skills enhancement, better organisation and management systems, technology advancement and improvement in methods of production as well as a shift towards higher value added processes," he said in his opening address to a business forum entitled, "F&B Industry - Crisis Looming".

"The adoption of good manufacturing practices such as TQM, Six Sigma, Kaizen, Quality Environment, Productivity Management, Lean Management, Benchmarking and Supply Chain Management would enable manufacturers to remain competitive," he said.

No comments: