Measurement in Production System:

This unit explain the performance measurement in an organisation. More than just a passive means for assessing what has already occurred, the act of measurement serves to motivate specific behaviours and, therefore, predestine future outcomes. In modern times, accounting systems have become the primary means by which organizations track and assess performance. This unit covers the counterproductive influence of traditional systems and performance criteria on long-term organisational competitiveness. This also covers the new worldview of business, the world-class worldview, and the enlightened criteria measures that represent that worldview. Features of performance measurement systems for implementing enlightened measures are discussed as well.