By Sachin Karadgi
This booklet describes how production firms, by way of reinforcing their latest tracking and regulate of producing methods, can effectively face the ever-increasing strain from inner and exterior environments to keep up their aggressive virtue. a variety of functionality size structures were elaborated to fulfill those specifications, stressing the significance of economic and operational metrics. It additionally highlights the truth that learn on producing and linking monetary and operational metrics, specifically in real-time, has now not garnered enough recognition so far. The e-book follows an strategy that integrates agencies throughout assorted degrees and departments. through computing and linking the monetary and operational metrics in real-time, the ebook demonstrates find out how to supply a complete view of a complete enterprise.
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Extra info for A Reference Architecture for Real-Time Performance Measurement: An Approach to Monitor and Control Manufacturing Processes
This information can be basically summarized into quality, time and cost , which are highly interconnected. MA attempts to address these requirements, especially from the cost perspective. Subsequently, MA attempts to provide accurate and reliable cost information about the utilization of resources that have monetary value [26, 46]. MA should also provide a platform to investigate the cause-and-effect relationships between inputs and outputs of past and present manufacturing processes, and simulate future manufacturing scenarios .
Unit cost is “computed by dividing total cost by the number of units” . The costs incurred are assigned to cost objects [25, 74], which represent enterprise entities that need to be monitored and controlled. The cost object or cost information is composed of fixed costs and/or variable/proportional costs, which can constitute assigned direct costs and allocated indirect costs. From a manager’s viewpoint, it is indispensable to highlight the cost behavior, especially, the fixed and variable/proportional costs .
Subsequently, the computer science community has presented the computer science perspective of an enterprise. This perspective consists of different characteristics and requirement [56, 68, 97, 173, 230], as illustrated in Fig. 4. The different enterprise levels are supported with numerous systems. The tactical level is supported with enterprise applications such as the ERP System, CRM System and SCM System. Similarly, the activities of the operational level are performed using the manufacturing management systems, such as MES.