A Review of Performance Measures in a JIT Environment
Lao, Michele Y.
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With the ever changing environment that manufacturing companles face, there is an increased need for revisions to existing performance measures in a Just-In-Time environment. In order to accurately assess the status of their performance measures, companies need to consider their corporate mission, objectives, strategies, and critical success factors. Although making appropriate revisions to old performance measures is not an easy task, many similarities between manufacturing companies can serve as helpful guidelines. There are five common critical success factors in all manufacturing companies. These factors can help guide a company in developing its revised performance measures. Another established method for developing performance measures is to follow the balanced scorecard approach. The following thesis discusses all of the elements involved in reviewing performance measures in a JIT environment.