Performance Metrics to Evaluate Integrated System Effectiveness


Please sign in to view the rest of this entry.

Performance Metrics to Evaluate Integrated System Effectiveness
Performance Metrics to Evaluate Integrated System EffectivenessAs indicated, one significant advantage that a firm gains from using an integrated ERP system is the ability to obtain current data on how the firm is performing. An ERP system can provide the data needed for a comprehensive set of performance measures to evaluate strategic alignment of the various functions with the firm's strategy. An example of the comprehensiveness of the measures is tracking the time from spending cash on purchases until the cash is received in sales.The balance sheet and the income and expense statements contain financial measures, such as net profit, that traditionally have been used to evaluate the success of the firm. A limitation of tradi…
Citation
F. Robert Jacobs; William L. Berry; D. Clay Whybark; Thomas E. Vollmann: Manufacturing Planning and Control for Supply Chain Management: APICS/CPIM Certification Edition. Performance Metrics to Evaluate Integrated System Effectiveness, Chapter (McGraw-Hill Professional, 2011), AccessEngineering Export