How can manufacturing firm efficiently use resources.

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In today's world the efficient use of resources has become one of the major problem of manufacturing or producing firms . By definition efficient use of resources refers to the optimum use or combination of the various factors of production to achieve higher and better output at a reasonable cost . The goal of every manufacturing of producing firm is to maximize output and reduce production costs this is because the resources available in the society and limited relative to demand for them , and so it becomes a wise decision to ensure that the base limited resources are efficiently used to produce the desirable goods and services so as to which they want and need of the people . Below are some of the factors that determine the efficient use of resources by a manufacturer or producing firm .

LABOUR QUALITY : skilled labour is more preferable to unskilled labour used in production . reasons abacus skilled labour when used in production contribute to efficient and effective use of allocation of resources in areas of production reduction of wastage saving in time and consequently an increase in the quantity and quality of the output being produce .

PRODUCTION TECHNIQUE : the use of manual technique of production slows the efficient use of resources . But rather than use of capital intensive mode of production which involves the use of machines and equipment is considered to produce more goods , save time , and reduce wastage etc . and consequently be more efficient than the use of labour or manual intensive method .