Productivity vs. Efficiency – What to Measure and When

The terms ‘Productivity’ and ‘Efficiency’ are often used interchangeably to represent the same idea; however, the two terms represent two distinct concepts and it is important to know when each metric matters. PRODUCTIVITY V EFFICIENCY Productivity is the raw measure of how much product is made in a certain time, disregarding other metrics, like demand or wastage. For example, an employee of a company that makes 45 units an hour while the company only needs 30 is seen as very productive. [...]

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The Key to Ensuring Food Safety – Blockchain

In the fall of 2018, there were a multitude of E.Coli outbreaks in the US, affecting mostly lettuce and ground beef. Due to the disastrous effects of the bacteria, keeping it away from customers is of the utmost priority. The difficulty in doing this arises from the near impossibility of fully tracing back a food product to its source. Between the restaurant that serves it and the farm that grows it, there may be a multitude of middlemen, each [...]

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