Study Plan: Performance Measurement
I can define the following terms as they relate to our unit:
|Decentralized ||Profit Center ||Cost Center||Investment Center |
|Return on Investment||Operating Assets||Margin ||Balanced Scorecard |
|Turnover ||Residual Income||Rate of Return||Operating Income|
|Wait Time ||Value-added||Throughput Time||Economic Value Added|
|Non-value added ||Delivery Cycle Time||Manufacturing Cycle Time|
- I can understand the difference between profit center, cost center and investment centers.
- I can understand the meaning of delivery cycle time, throughput time and manufacturing cycle efficiency.
- I can understand how to use a balanced scorecard.
- I can analyze projects or departments using return on investment and residual income.
- I can calculate return on investment, margin and turnover for a company.
- I can calculate residual income for a company.
- I can compute delivery cycle time, throughput time and manufacturing cycle efficiency.
- I can construct a balanced scorecard.