Please enable JavaScript.

Coggle requires JavaScript to display documents.

Production & Operation Management (CHAPTER 1) - Coggle Diagram

- - - - Why "go global?" - favorable cost
        
        access to international markets
        
        response to changes in demand
        
        reliable sources of supply
        
        latest trends and technologies
- - - - Multifactor Productivity - output / (labor+materials+overhead)
        
        output / (labor+energy+capital)
      - Total Factor Productivity - goods and services produced / All input used to produce them
      - Single Factor-Productivity
        -output/labor
        
        output/ materials
        
        output / capital
- - - - WHY IMPLEMENT A BALANCED SCORECARD ? 1- Increase focus on strategy and results
        2- Improve organizational performance by measuring what matters
        3- Align organization strategy with the work people do on a day-to-day basis
        4- Focus on the drivers of future performance
        5- Improve communication of the organization's vision and strategy
        6- Prioritize projects / initiatives