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Design of Performance Measures for Timebased Companies

Design of Performance Measures for Timebased Companies An increasing number of firms are planning to becometimebased companies, that is to consider time as the mainissue of their manufacturing strategy. However, such change in attitude,in order to be effective, must be supported by a performance measurementsystem focused on time. This article suggests a framework useful fordesigning a performance measurement system which is consistent withtimebased principles and can support managers both in strategic and inoperating decisions. The framework takes into account the different waysthrough which a company can use time to create a competitive advantageand considers the main activities that are critical for achieving suchresults. Hence, a minimum set of measures, consistent withthe information requirements of each company, is determined. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Operations & Production Management Emerald Publishing

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References (5)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0144-3577
DOI
10.1108/01443579110143412
Publisher site
See Article on Publisher Site

Abstract

An increasing number of firms are planning to becometimebased companies, that is to consider time as the mainissue of their manufacturing strategy. However, such change in attitude,in order to be effective, must be supported by a performance measurementsystem focused on time. This article suggests a framework useful fordesigning a performance measurement system which is consistent withtimebased principles and can support managers both in strategic and inoperating decisions. The framework takes into account the different waysthrough which a company can use time to create a competitive advantageand considers the main activities that are critical for achieving suchresults. Hence, a minimum set of measures, consistent withthe information requirements of each company, is determined.

Journal

International Journal of Operations & Production ManagementEmerald Publishing

Published: Mar 1, 1991

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