October 1998

Columns

HPIn Competitiveness: Measuring business performance from reliability and maintenance

A plant's success in meeting its strategically and competitively based production goals is measured as revenues. Revenues, along with cost per unit, total expenses, and working and capital investment ..

Lamb, R. G., Cost Control Systems, LLC

A plant's success in meeting its strategically and competitively based production goals is measured as revenues. Revenues, along with cost per unit, total expenses, and working and capital investment (including inventories), are primary measures of business success. This is because they determine income, balance sheet strength, return on capital employed, earnings per share and total stockholder return. It is relatively easy to make, manage and measure the tie between the plant's business success and its production process, equipment configuration and selections, operating rules and human resources. Research, experience, analytical tools, college curriculums and literature have long fo

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