Abstract

Development of a country depends on the efficiency of the production in each sector. The efficiency in the sector is brought about mostly by the use of modern technology and effective management techniques. Prior to the establishment of an organization, it is necessary to know whether it will be economically viable, the cost of the facilities and the goods to be produced, and possibility of making profit from the sales. The companies manufacturing woodworks and furniture maintain their activities under the restrictions imposed by the price, quality, time, production capacity, raw materials. Therefore, before starting production activities, it is necessary to determine where and how the production will be carried out and what will be produced, the amount of the goods to be produced, and the time of the production. For this purpose, the managements of the organizations manufacturing woodworks and furniture should make production planning in advance, and make effective and efficient use of the resources. It is of great importance to determine the performances of the organizations manufacturing woodworks-furniture for both the management of the organization and investors. However, it is not possible to evaluate the performance of the organization based on a single criterion.  Organizations have various functions and objectives concerning different time periods and different managerial levels and hence, having different input and output combinations. An organization having a wonderful short-term performance may exhibit a bad performance in the long-term due to erroneous marketing strategies. Therefore, efficiency measurements are of vital importance for the organization. The study aims is to investigate the ways of bringing these factors together by using appropriate methods in a timely manner and using them in an effective way.

Key words: Furniture production, efficiency, regression, correlation, turnover.