Manufacturing performance modeling and measurement to assess varying business strategies

This paper discusses the need for integrating several performance measures in an index to give an overall measure of manufacturing performance. It also addresses the importance of an adjustment mechanism that aligns the overall performance index with the corporate strategy in a volatile environment. A methodology is presented that utilizes the strategic performance modeling and measurement index and the analytic hierarchy process to model and to measure the manufacturing performance of a company in a dynamic manner. The resulting index can be used to directly evaluate overall manufacturing performance with respect to achieving various business strategies.