Productivity

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Contents

1) Executive Summary

2) Introduction

3) Defining Productivity

4) The Industry

5) Labour Productivity

6) Supply Chain Management

7) Analysis

8) Conclusion

9)

Executive Summary

In this era, many businesses are having difficulty sustaining growth and profit. Businesses should always be looking for ways to cut costs and increase productivity. This can be done with the use of information systems and information technology. The construction industry is no different. This industry should also utilize IS/IT to increase productivity and profitability.

The construction industry should begin implementing IS/IT with a supply chain management system. This will allow them to better manage their suppliers and workers, as well as the various sub-contractors that are required for a project. It also helps to reduce waste.

After analyzing a study performed on the effects of automation and integration on the construction industry, it can be determined that IS/IT does in fact have a positive correlation to increasing productivity.

An Introduction

In this day in age, many different business industries are having a difficult time. Amidst mortgage crisis’s and low interest rates, the economy is in dire straits. Many companies which were once profitable have lost their edge. In order to maintain their competitive advantage in these troubling times, firms and organizations must try to save time and money wherever possible. One such way, which has been gaining popularity in the last decade, is information systems management with the aid of information technology.

Defining Productivity

Before going farther, it is important to understand some key concepts regarding this issue. Information systems (IS) is often defined as the strategic, managerial, and operational activities involved in the gathering, processing, storing, distributing, and use of information. This is further...