* Productivity:Measuring inputs / outputs * Quality:Measuring waste, errors, and
ID: 3909154 • Letter: #
Question
* Productivity:Measuring inputs / outputs * Quality:Measuring waste, errors, and rework Timeliness:Measuring the meeting of deadlines Cycle time:Measuring elapsed time from start to stop in minutes, hours, days,etc Utilization:Measuring time invested in a specific activity/total time available Creativity:Measuring artistic achievement (such as design) or new ideas, discoveries, products,etc Outputs: Measuring the results of activities » Financial:Measuring certain financial objectives (such as budgets, net income, earning per share, and economic valued added)Explanation / Answer
The performance is measured for a computer hardware manufacturing organization in terms of :
QUALITY:
The quality of the product needs to meet the expectation. In order to ensure quality in production one needs to control the factors that causes defective parts creation in the production line. Computer hardwares are evolving and the performance is increasing rapidly. To ensure quality a specific manufactured product needs to provide better performance than that of the previous generation product. The factors like age of the processing equipment, quality control proceedure, etc. plays a vital role in quality assurance.
TIMELINESS:
Timeliness is a very important parameter to measure the performance of a computer hardware manufacturing organization. In order to ensure timeliness three parameters needs to be satisfied (minimized). Cycle time defines the time required to produce a batch of goods, shipping of order, responding a call or any other activities. Wait time defines the amount of time the customer waits before the delivery or service of product. Completed on time defines the completion date of the task matched the given deadline or not. All of these three parameters ensure the performance of a computer hardware manufacturing organization.
FINANCIAL:
In order to survive in the market the computer hardware manufacturing organization must ensure profitability in the business. In the end of the day the parameters like budget, total income, economic value, earning, etc. is evaluated. The covering of budget and earning of profit is considered as important parameters of the performance measurement for a computer hardware manufacturing organization. Without budget covering and profit earning the computer hardware manufacturing organization will not be able to produce quality work.
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