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Which of the following are performance measures of delivery at the shop floor level?
i. Standard cost variances
ii. Accident reports
iii. Schedule adherence
iv. Number of units completed
A) iii and iv
B) ii and iii
C) i and iii
D) ii and iv
Shop Floor Level
The area in a manufacturing facility where workers directly engage in production activities.
Standard Cost
The pre-determined and benchmarked cost of manufacturing a single unit of product, which is used for budgeting and performance evaluation.
Schedule Adherence
A measure of how closely a project or production follows the planned schedule or timeline.
- Comprehend the various measures associated with distinct aspects of business operations, including financial, customer service, internal business processes, and development and growth.
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Learning Objectives
- Comprehend the various measures associated with distinct aspects of business operations, including financial, customer service, internal business processes, and development and growth.
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