Abstract
Manufacturing enterprises are facing challenges from their internal and external environments to maintain their competitive advantage. Transparency, flexibility and adaptability are indispensable. However, the enterprises face the dilemma to monitor and control the success and effectiveness of continual improvement programs. The computation of financial and operational metrics assists to partially to measure the success of these programs. However, it would be advantageous to compute the financial metrics in real-time, similar to the computation of operational metrics. In the presented research, attempts are made to compute cost surrounding manufacturing processes in real-time, which can be aggregated to calculate different financial metrics.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
