Published by:
Harvard Business Publishing
Length: 7 pages
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Abstract
Although financial statistics for a company are readily available, measurements of manufacturing operations are scarce and often vague. A monitoring system called Key Indicator Management (KIM) graphs the measure of a specific indicator on a monthly basis and compares it to a target. A realistic determination of standards and targets is necessary for proper implementation. KIM provides managers with the information to assess strengths and weaknesses and encourages better control of operating functions.
About
Abstract
Although financial statistics for a company are readily available, measurements of manufacturing operations are scarce and often vague. A monitoring system called Key Indicator Management (KIM) graphs the measure of a specific indicator on a monthly basis and compares it to a target. A realistic determination of standards and targets is necessary for proper implementation. KIM provides managers with the information to assess strengths and weaknesses and encourages better control of operating functions.