1314 basic concepts of the balanced scorecard the

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Unformatted text preview: d The time it takes a company to respond to a customer order is and Cycle time referred to as are two velocity responsiveness. Cycle time (manufacturing) is operation measures the length of time it takes to of responsiveness. produce a unit of output from the time materials are received until the good units of Velocity is the number ofis delivered to finished goods a output that an be produced ininventory. given period of time. 2 1315 Basic Concepts of the Balanced Scorecard Conversion Cost Example A company has the following data for one of its manufacturing cells: Theoretical velocity: 40 units per hour Productive minutes available (per year): 1,200,000 Annual conversion costs: $4,800,000 Actual velocity: 30 units per hour 2 1316 Basic Concepts of the Balanced Scorecard Conversion Cost Computations 2 1317 Basic Concepts of the Balanced Scorecard Summary of Objectives and Measures: Summary Process Perspective Process 2 1318 Basic Concepts of the Balanced Scorecard Summary of Objectives and Measures: Summary Learning and Growth Perspective Learning 2 1319 Linking Measures to Strategy Strategy Map: Testable Strategy Illustrated 3 1320 Strategic Alignment ABM Implementation Model 4 1321 End of Chapter 13 Chapter 1322...
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