This PPT slide, part of the 60-slide Introduction to Balanced Scorecard PowerPoint presentation, outlines a structured approach to managing value-adding processes, emphasizing the goal of being a low-cost provider through operational excellence. The objective is clearly stated at the top, focusing on achieving competitive excellence across all business processes.
Under the "Perspective" section, the emphasis is on internal processes, specifically through a measure termed "Cost excellence rating." This suggests a focus on evaluating and improving internal efficiencies to drive down costs. The measurement definition includes a formula that combines various indices, such as total unit cost of production and plant reliability, indicating a comprehensive approach to assessing cost performance.
The slide details the approach to setting targets, indicating that sites must identify key variables and select an appropriate benchmarking methodology. This implies a tailored approach, allowing different sites to adapt based on their specific circumstances while still aligning with overarching corporate goals. The responsibility for target setting and accountability for results is likely assigned to specific teams, fostering ownership and ensuring that results are tracked effectively.
Tracking and reporting mechanisms are also mentioned, although specifics are not provided. This suggests a systematic method for monitoring progress, which is crucial for maintaining focus on cost reduction. The completion date section likely indicates a timeline for achieving these targets, reinforcing the importance of timely execution.
Lastly, the linkage to business teams and strategic business unit (SBU) strategy highlights the integration of this approach into broader organizational goals, ensuring alignment across various functions. This slide serves as a foundational framework for organizations aiming to enhance their operational efficiency and cost management strategies.
This slide is part of the Introduction to Balanced Scorecard PowerPoint presentation.
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Balanced Scorecard Operational Excellence Cost Management Cost Reduction Benchmarking Production
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