A Company Level Performance Measurement through the Evaluation of Production Processes Performance

2014 ◽  
Vol 708 ◽  
pp. 233-238
Author(s):  
Matej Daňo ◽  
Natália Horňáková ◽  
Helena Vidová ◽  
Sebastian Saniuk
Keyword(s):  
Performance Measurement ◽  
Business Processes ◽  
Company Performance ◽  
Financial Indicators ◽  
Developed Economies ◽  
Production Processes ◽  
And Performance ◽  
Level Of Significance ◽  
A Company ◽  
Industrial Company

The presented paper is aimed at assessing the level of performance through an industrial company endpoints indicators, in which the efficiency and performance of business processes is transformed to. The paper describes the concept of company performance based on theoretical knowledge of authors from Slovakia as well as developed economies. It also provides concrete examples of financial and non-financial indicators and informs professionals and general public with a number of additional indicators. Likewise the paper characterizes most famous concepts of measurement and management of company performance based on results of a survey which was conducted by the Institute of Industrial Engineering and Management MTF STU in Trnava, as a part of the research project VEGA No. 1/0787 / 12th. Authors attach great importance to measure the process performance as an important part of performance measurement of an industrial company. They introduce the procedures for measuring the manufacturing processes, whole range of specific performance indicators of production processes as well as different methods of measuring the performance of production processes and the company as a whole unit. The level of significance is designed for each proposed indicator and measurement result consists of value reflecting the overall company performance (various departments), which can be used as a benchmark for individual departments or plants within a particular multinational group.

Analyzing the development of approaches to company performance measurement

2020 ◽  
Vol 19 (6) ◽  
pp. 1173-1188
Author(s):  
A.B. Kogan ◽  
A.N. Pristavka
Keyword(s):  
Comparative Analysis ◽  
Performance Measurement ◽  
Business Environment ◽  
Theoretical Research ◽  
Effectiveness Evaluation ◽  
Economic Science ◽  
Company Performance ◽  
Financial Indicators ◽  
Methodological Framework ◽  
Simple Set

Subject. The article presents various definitions of the efficiency concept, their changes as the economic science evolves, and describes various methods to measure company performance efficiency, ranging from a simple set of financial indicators to comprehensive systems for effectiveness evaluation. Objectives. The purpose of the study is to systematize the said definitions and identify a category that will meet the current condition of business environment. Methods. The study rests on the retrospective and comparative analysis of interpretations of the efficiency concept in the economic science. We also employ the historical and logical methods of general theoretical research. Results. We identify three approaches to the interpretation of the efficiency concept. Within the selected approaches, we consider the main methods for company performance measurement that have emerged since 1914. The paper formulates criteria, which were used to carry out the comparative analysis of these methods. The analysis enabled to trace all changes in the methods. Conclusions. We propose to use the term Integrated Company Efficiency and to develop methodological framework for measuring the comprehensive efficiency of companies operating in various industries.

scholarly journals Strategic positioning of EAP in South African workplaces

2003 ◽  
Vol 3 (1) ◽  
Author(s):  
M. G. Matlhape
Keyword(s):  
South Africa ◽  
South African ◽  
Business Strategy ◽  
Employee Satisfaction ◽  
Business Processes ◽  
Chain Model ◽  
Employee Assistance ◽  
Strategic Positioning ◽  
And Performance ◽  
A Company

Two phenomena are having a profound effect on management and industry in the 21st century. The first one is the increasing rate and depth of competition locally, regionally, and globally, and the consequent increase in focus on achieving competitiveness by companies. The second phenomenon is the increasing appreciation of the importance of employees in assisting the company to gain a competitive advantage over its competitors. Employee Assistance Programmes have been used as part of the business strategy to enhance employee functioning, loyalty, and performance in organisations around the world for a good part of the 20th century. In South Africa this service did not gain much momentum until the 1980. Despite the growth of EAP in South Africa, however, in most cases it still remains on the periphery of real business activities and is often regarded as a "nice to have" rather than as a business imperative. The location of EAP within a company is very important in determining its impact within the organisation. Because of EAPs capacity to impact on both individual employees and the organisation as its primary client, it has potential to make a great impact in organisations' business processes, where these interface with individual output and wellbeing. A service-profit-chain model was introduced as a link between employee satisfaction and company profitability. This article gives an in-depth focus on EAP and the important role it can play in achieving employee satisfaction.

scholarly journals Dekomposisi Fungsi pada Pengembangan Sistem Persediaan Barang CV. Jaya Abadi Berbasis Java

2021 ◽  
Vol 5 (4) ◽  
pp. 620
Author(s):  
Nasrulloh Isnain
Keyword(s):  
Information Technology ◽  
Information System ◽  
Inventory Management ◽  
Building Materials ◽  
Business Processes ◽  
Inventory System ◽  
Reliable Information ◽  
Company Performance ◽  
Transaction Process ◽  
A Company

CV. Jaya Abadi is a company engaged in the sale of building materials. This company in its business activities has not implemented information technology as a whole. One of the problems that need to be considered in the company's business processes is the inventory system. The inventory system is carried out using paper files which have a less effective and efficient impact and hinder company performance. Often there are errors in recording inventory. A reliable information system is needed so that the transaction process runs optimally and reduces errors made by employees. This research was conducted to solve the problem of inventory management at CV. Jaya Abadi. Based on these problems, the main objective of this study is how to improve inventory management in CV. Jaya Abadi.

scholarly journals ANALISIS KINERJA KEUANGAN PADA PT BAYAN RESOURCE Tbk Per 2015-2017

2018 ◽  
Vol 2 (2) ◽  
pp. 146
Author(s):  
Muhammad Maulana
Keyword(s):  
Financial Performance ◽  
Work Performance ◽  
Financial Analysis ◽  
Company Performance ◽  
Coal Price ◽  
Financial Condition ◽  
Price Increases ◽  
And Performance ◽  
Profitability Ratios ◽  
A Company

 Company performance is an illustration of the financial condition of a company by conducting a financial analysis, so that it can be known about the good and bad financial condition of a company that reflects work performance in a certain period. To find out how good a company's financial performance is, it is necessary to conduct an assessment and performance measurement. One assessment and measurement of performance can be reflected through an analysis of financial ratios.This research was conducted to find out how well the financial performance performed by PT Bayan resources a coal mining company in the 2015-2017 period by analyzing the ratio of: (1) profitability ratios (2) solvency ratios, (3) liquidity ratios , (4) activity ratio. The hypothesis of this research is based on the phenomenon, which is based on the market value of coal which has decreased over the period of 2015-2017.Based on the results of the study, the hypothesis for calculating profitability ratios, activity ratios and solvency ratios is proven to be acceptable, while the hypothesis for liquidity ratios is not proven, namely rejected, meaning that fluctuations in coal price increases can result in the use of corporate liquidity to pay company bills so that the level of liquidity of the company can be reduced

scholarly journals Selected Approaches to Change Management and Logistics in Slovak Enterprises

2018 ◽  
Vol 9 (2) ◽  
pp. 51-60
Author(s):  
Ľubica Simanová ◽  
Renata Stasiak-Betlejewska
Keyword(s):  
Change Management ◽  
Empirical Research ◽  
Business Processes ◽  
Processing Industry ◽  
Return On Equity ◽  
Manufacturing Enterprises ◽  
Wood Processing ◽  
New Methods ◽  
Production Processes ◽  
And Performance

Abstract Competitiveness and performance of businesses today depend on the ability to respond to changes, implementation of new methods, techniques and approaches in the management of business processes, business activities, and logistics. The aim of the article is to present the results of empirical research in the field of change management and implementation of selected approaches in the management of production processes in manufacturing enterprises and in the enterprises of the wood processing industry (WPI) enterprises in Slovakia which affect the level of return on equity (ROE).

scholarly journals Strategic resource allocation and performance of Kisumu Water and Sewerage Company, Kenya

2021 ◽  
Vol 10 (4) ◽  
pp. 321-326
Author(s):  
Emanuel Owako ◽  
Charles Nyangara
Keyword(s):  
Resource Allocation ◽  
Organizational Performance ◽  
Future Research ◽  
Company Performance ◽  
Performance Review ◽  
Consumer Services ◽  
Strategic Resource ◽  
Commercial Loans ◽  
And Performance ◽  
Level Of Significance

Kisumu Water and Sewerage Company has consistently struggled to achieve its envisioned accepted performance range of 80-90% set by the Water Sector Regulatory Board standards, for instance, the company performance was estimated at 76% against business plan target of 80% despite having unlimited access to government subsidies, donor grants, commercial loans and enabling policy environment based on performance review of Kenya’s water services sector 2017/2018. This study sought to establish the influence of strategic resource allocation on performance of KIWASCO. The study adopted a correlation research design with a sample size of 68 respondents selected through Stratified random sampling and data collected using a semi-structured questionnaire. Both descriptive and inferential statistics of correlation and regression were used. The study established a significant influence of resource allocation (p<0.001) on organizational performance at 5% level of significance. It was concluded that for desired performance of KIWASCO to be realized, effective resource allocation should be done to increase investments in infrastructural expansion and rehabilitation, wastage reduction, improved service quality, maximized consumer services and improved cash flow. The study recommends that the WASH sector reforms should prioritize resource allocation for implementation of strategies. Future research should explore the moderating role of strategic leadership in similar companies and trends across business periods within similar regulatory context.

scholarly journals Evaluasi Implementasi Balanced Scorecard Pada Departemen Manajemen IPB Sebagai Program Studi Berbasis Kinerja

2018 ◽  
Vol 8 (2) ◽  
pp. 103-118
Author(s):  
Zainati Fakhrina ◽  
Jono M Munandar ◽  
Sukiswo Dirdjosuparto
Keyword(s):  
Performance Measurement ◽  
Balanced Scorecard ◽  
Business Processes ◽  
Objective Evaluation ◽  
Academic Excellence ◽  
Interpretive Structural Modeling ◽  
Network Process ◽  
Strategy Map ◽  
Assessment Performance ◽  
And Performance

Department of Management in Bogor Agricultural University (IPB), is one of the academic units in IPB that supports the achievement of IPB’s objective to become a world class university. To support such objective, evaluation is conducted by monitoring activity and performance measurement using Balance Scorecard (BSC) approach. The purpose of this study was to determine priority of perspectives and strategy objectives by using Analytical Network Process (ANP) method, measure quality assessment performance in Department of Management year 2015, establish strategic inisiatives, and to figure Departement of Managements’ strategy map using Interpretive Structural Modeling (ISM) Method. The result of this study indicated that the main priorities of the four perspectives had been defined: Research and Academic Excellence perspective, Stakeholders perspective, Internal Business Processes perspective and Capacity Building perspective. Performance measurement resulted that 10 from 24 performance indicators didn’t achieve the target, and set 10 strategic initiatives to support strategy objective target achievement. Strategy mapping using ISM indicated that strategy objective “Lecturers’ and academic staffs’ competency strengthening” was the key element to support other strategy objectives achievement.

scholarly journals Performance measurement system using performance prism approach in batik company: a case study

2021 ◽  
Vol 5 (1) ◽  
pp. 43-52
Author(s):  
Vembri Noor Helia ◽  
Wahyudhi Sutrisno ◽  
Afriza Syawal Zaputra ◽  
Qurtubi Qurtubi
Keyword(s):  
Performance Measurement ◽  
Performance Appraisal ◽  
Measurement System ◽  
Performance Measurement System ◽  
Company Performance ◽  
Community Capital ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
A Company

XYZ company is one of the small-medium enterprises (SME) engaged in the batik industry with the main focus on making muslim clothes made from printed batik and batik. The company cannot evaluate the cause of the turnover decrease because no performance measurement has been applied. Therefore, a company performance measurement is carried out using the performance prism approach because a company performance appraisal is needed stakeholder contributions using the performance prism approach.  Stakeholders of this company are consumers, employees, community, capital owners, and suppliers. Supporting the performance prism frame­work, the AHP method was used to determine the weighting and hierarchical structure and then carried out a scoring system with the help of OMAX to determine the company's actual score. This design shows that corporate stakeholders, including owners, consumers, employees, suppliers, and the surrounding community, obtained as many as 34 KPIs. From the implementation of the performance measurement system with OMAX scoring obtained the value of company performance based on satisfaction aspects (6.489), contri­bution aspect (6.582), and capability aspect (5.646).  Recommen­dations are also given to improve it.

scholarly journals Pembangunan Sistem Informasi Manajemen Aset pada PT. Bahtera Metalindo

2019 ◽  
Vol 1 ◽  
pp. 62
Author(s):  
Adetya Anhar ◽  
Ade Kania Ningsih ◽  
Puspita Nurul S
Keyword(s):  
Asset Management ◽  
Word Processing ◽  
Business Processes ◽  
Economic Life ◽  
Company Performance ◽  
Management Information ◽  
Fixed Assets ◽  
Asset Management System ◽  
Asset Data ◽  
A Company

PT. Bahtera Metalindo is a company engaged in general trading and services except legal and tax services. In improving company performance, activities carried out in PT. Bahtera Metalindo Management of assets at PT. Ark MetalIndo is not going well, PT. Bahtera MetalIndo does not have a database that makes it easy for companies to store asset data and trace assets. Use of assets at PT. Bahtera Metalindo is still using office applications such as word processing and step processing. This problem often causes asset management at PT. Metal Ark It is difficult to know the condition of good assets, damaged or lost and the recording of stock of fixed assets and smooth assets often occur and the economic life of assets owned by the company is not well organized. With the existence of a computerized asset management system, the company can manage asset data and display data that has been grouped from recording the use of assets to the company and can monitor asset data used by employees who are in PT. Ark MetalIndo. Based on these problems, this study builds an asset management information system at PT. Bahtera Metalindo which can help with problems that exist in the company. The output of this research is a system that is implemented in software to perform asset data processing and can monitor asset data in helping business processes that exist at PT. Bahtera Metalindo.

scholarly journals Sustainability Balanced Scorecard: an Alternative to Apply Legitimacy Theory

2019 ◽  
Vol 4 (1) ◽  
pp. 25-43
Author(s):  
Imanda Firmantyas Putri Pertiwi ◽  
Isnaini Nur Hidayati ◽  
Sayekti Endah Retno Meilani ◽  
Anim Rahmayati
Keyword(s):  
Waste Management ◽  
Performance Appraisal ◽  
Balanced Scorecard ◽  
Business Processes ◽  
Company Performance ◽  
Legitimacy Theory ◽  
Financial Perspective ◽  
Sustainability Balanced Scorecard ◽  
High Level ◽  
A Company

Purposes. Sustainability Balanced Scorecard (SBSC) is the development of balanced scorecard as a comprehensive company performance appraisal method, which the assessment focus on financial perspective, customer, internal business processes, growth and learning as well as the social and environmental perspective as an effort of sustainability. This sustainability effort is in line with the legitimacy theory, which states that the company should be run in accordance with the prevailing norms of the place where the company is located. Madukismo Sugar Company (PG. Madukismo) is a company that has potential environmental destruction is the subject of this research. This research is intended to provide an overview of PG Madukismo's performance evaluation using the SBSC method, whether it is able to explain the legitimacy theory.Method. The case study with a descriptive qualitative method by triangulation system becomes a method of this research development.Findings. Outlined, the performance of PG Madukismo shows good results, the financial perspective shows some improvement, profit has increased, as well as efficiency. The customer's perspective also shows satisfactory performance, the high level of customer retention and the minimum level of complaints is enough to explain. The internal business process perspective results are also satisfactory, innovation on production, sales and after-sales processes are considered good. A less encouraging perspective is the perspective of growth and learning, even though employee retention is good but the amount of employee training actually shows a downward trend. Last but not least, is a social and environmental perspective. The results obtained were quite surprising, although in 2016 the news about Madukismo waste management was less pleasant, in 2018 Madukismo was able to improve its waste management and get a positive response from surrounding communities who said that the stench from Madukismo waste continued to decrease.Implication. This research gives insight and detail of how to assess a company using five perspectives of SBSC to prove that legitimacy theory can be applied and bringing the hope of sustainable business.Keyword: Sustainability Balanced Scorecard, green accounting, social and environmental, PG.Madukismo

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