What is Performance Objectives in Supply Chain Management? PDF Book

Learn Performance Objectives definition in supply chain management with explanation to study “What is Performance Objectives”. Study performance objectives explanation with SCM terms to review supply chain management course for online MBA programs.

Performance Objectives Definition

  • Generic set of performance indicators that can be used to set the objectives or judge the performance of any type of operation; although there are alternative lists proposed by dierent authorities, the five performance objectives as used in this book are quality, speed, dependability, flexibility and cost.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston



Performance Objectives Explanation

Execution destinations are achievements on the way to accomplishing your readiness program's objectives. Destinations ought to be produced for all parts of the program. Incorporate danger aversion/prevention, chance relief, crisis reaction and business congruity. Without defining clear execution objectives, representatives may feel purposeless about organizing and finishing their work and separated in their employments, and groups can wind up buried in perplexity, mistaken assumptions, and struggle. For the two people and groups, the nonappearance of compelling objective setting considerably diminishes profitability. Albeit concentrated consideration on execution objectives ordinarily occurs during the yearly assessment process, objective setting truly satisfies when workers screen their objective advancement consistently, examine the status of objectives with their chief on progressing and customary premise, and propose and make changes in accordance with stay on track toward culmination.

Keep Learning Supply Chain Management Explanations

What are Competitive Factors?

A focused factor is a component or advantage thought about key or fundamental to the advancement of an item or ...

What is Acceptance Sampling?

Acknowledgment inspecting utilizes factual testing to decide if to acknowledge or dismiss a generation part of material. It has been ...

What is Ordering Cost?

Requesting expenses are the costs brought about to make and process a request to a provider. These expenses are incorporated ...

What is Economic Order Quantity (EOQ) Model?

Arrangement time is the base measure of time a synchronous information ought to be held consistent before the clock occasion ...

What is Taguchi Method?

Taguchi has imagined another technique for directing the plan of trials which depend on all around characterized rules. This strategy ...

What is Central Limit Theorem?

Selection of large sample size from the selected population with very finite number of variance. The mean of these samples ...