Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Briefly discuss the three objectives for developing and implementing performance measurement systems. (Page 390, Study Question #1) The three objectives for developing and implementing performance
Briefly discuss the three objectives for developing and implementing performance measurement systems. (Page 390, Study Question #1) The three objectives for developing and implementing performance measurement systems are monitoring, controlling and directing (Bowersox, Closs, Cooper and Bowersox p. 366). Monitoring is to track system performance on things like fill rate, on-time deliveries and logistics costs on transportation and warehousing. Controlling is done by holding the logistical system to certain standard so that things can always be revised and improved if they are not meeting this standard. This step can be identified as situational analysis reviwed in Chapter 13. Directing is related to employee motivation and reward for their work. It is about encouraging employees to do their work to the best of their ability and rewarding them with time off if tasks are completed early. These objectives all help shape customer views on a company, and will keep perspectives positive if the company is well rounded in maintaining all aspects of it (
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started