Definition of this KPI:
Measures the efficiency of a process, system, or workforce in generating output relative to input. It is a critical metric for businesses and organizations as it helps assess how effectively resources are being utilized to achieve specific goals. Productivity can be measured in various contexts, such as labor productivity, machine productivity, or overall organizational productivity.
The formula can me adapted to specific contexts, such as labor productivity (output / labor input); machine productivity (output / machine hours) etc."