Summary
Economic value added performance measurement
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Extract
EVA and Production Strategy.
Executive Summary
"Twenty years after the publication of The Goal, the goal remains elusive," states the author. This article outlines ways to improve production strategy and uncover new opportunities for growth. It explains economic value added, an integrated performance measurement, management and reward system. Many companies have made significant investments in production process technology during the past two decades. The processes are known by a variety of monikers: lean manufacturing, kanban or demand flow technology (pull systems), theory of constraints, statistical process control, TQM, and now Six Sigma. Yet 20 years after publication of The Goal, the goal remains elusive. While every company has its showcase facility, success remains difficult to sustain, considerable opportunity is untapped, and replicating successes on a global corporate scale is only a dream. Now, more than ever, competing on delivery -- efficient and effective order fulfillment -- is the name of the game. The best production-delivery processes can support the lowest prices, least capital investment, highest quality most growth, and best shareholder returns. Production and performance measurement The maxim "What gets measured gets m...See the full content of this document
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