• Title/Summary/Keyword: Key performance indicators

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Application of KPI based on Coupling Model Design in Medium and Small Manufacturers (중소 제조업의 융합모형 설계에 따른 핵심성과지표 적용 사례)

  • Park, Kook-Je;Lee, Woon-Seek;Hwang, Gun-Yong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.31 no.1
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    • pp.66-73
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    • 2008
  • It is important to manage quality and safety of a product for coping with fast-paced world effectively. This paper demonstrates an integrated model between ISO 9001 Quality Management System and Product Safety Management System. And the paper presents a method which decides key performance indicators (KPI) to be concentrated on the effectiveness of system operation. A case study shows an process for industry to implement the developed methodology.

Critical financial variation of ratios between healthy and workout construction firms

  • Im, Haekyung;Choi, Jaehyun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.354-356
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    • 2015
  • As domestic recession has had an adverse impact on many Korean companies in Korea, financial soundness has become a critical issues. It is essential to identify financial risk factors to prevent workout as well as to improve the financial condition of domestic construction companies. Therefore, this study derived important management indicators and the financial ratios that belong to each indicator through a comparative analysis between healthy companies and workout companies with financial statement. As a consequence, key financial ratios are derived into 3 of 25 ratios; Equity Ratio in stability indicator, Total Asset Turnover Ratio in activity indicator, and Labor Equipment Ratio in productivity indicator. So, Korean construction firms are required close monitoring these critical financial ratios indicating variation between construction companies which have opposing statuses in finance in order to keep sound financial condition and increase productivity.

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A Study on Informetric Analysis for Measuring the Qualitative Research Performance (연구성과의 질적 평가를 위한 계량정보학적 분석에 관한 연구)

  • Kang, Dae-Shin;Moon, Sung-Been
    • Journal of the Korean Society for information Management
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    • v.26 no.3
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    • pp.377-394
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    • 2009
  • There are some limitations in the existing bibliometric methods to satisfy the various requests of the interest parties including researchers, managers, policy makers to identify 1) which research group or researcher is the key player, and the overall trends of the particular technological sub-fields, 2) which research groups, institutions or countries mainly use their research outputs, 3) what are the spin-offs from research outputs to some scientific and technological fields, 4) in which levels they are when comparing their quantitative and qualitative research outputs to those of other competitive institutions. It is essential to develop new informetric indicators and methodologies in order to satisfy stakeholder's various demands and to strengthen qualitative analysis in measuring research performance. This study suggested informetric indicators such as article quality index, citation impact index, international cooperation index, excellent article production index and methodologies including citation analysis, text mining.

The Product Supply Process Design for Fast Fashion Industry with BPMN (패스트 패션의 상품 공급 프로세스 설계에 관한 연구)

  • Park, Hyun-Sung;Park, Kwang-Ho
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.3
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    • pp.134-146
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    • 2011
  • This paper suggests the product supply process model based on the store and production capacity, assortment planning and quick response for fast fashion retailers with BPMN. In the fast fashion industry, the standardized business process model is required to respond quickly market trends and customer requirements based on the quantitative and qualitative criteria. Thus we define the product supply processes which incorporate forecasting and assortment plan, cost and profitability of the production, store capacity based on the visual merchandising, and production capacity of the fast fashion retailers. Also we design the key performance indicators to evaluate the effectiveness of these product supply processes. The product supply process model for the fast fashion has great significance in embracing the fast fashion product development process because it presents the holistic view of the product supply process of the fast fashion and provides a performance evaluation mechanism. A case study shows that adopting the processes, a Korean fast fashion company achieves improvement in various performance indicators.

The Role of Innovative Work Behavior in Management of Public Transportation in Indonesia

  • Gusti Anisa, WULANDARI;Dewi, SUSITA;Mohammad Sofwan, EFFENDI
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.235-245
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    • 2023
  • This study examines the low performance of state civil servants related (ASN) to the management of public transportation at the Directorate of Road Transport (DRT), Ministry of Transportation, Indonesia. This study surveyed 103 ASNs, using a quantitative approach using the Amos SEM software. The results showed that Knowledge Sharing (KS) and Work Engagement (WE) directly influenced Innovative Work Behavior (IWB) as well as Job Performance (JP). Meanwhile, IWB had a significant, direct effect on JP and acts as a full mediator in the effect of KS and WE on JP. The descriptive data obtained also showed that respondents' statements based on gender have differences related to the IWB variable, where on average, women were better than men. However, for other variables (JP, KS, and WE), the data showed that, on average, the statements of male respondents were better than women. This study recommends that the DRT pay attention to IWB as a key factor mediating KS and WE towards increasing JP by maintaining the best indicators and improving the weakest indicators. Furthermore, this study recommends that future research refine these results by adding the variables of gender and educational level of the respondents.

A Review of Key Issues and Challenges for Sustainable Food Logistics Management

  • Boldbaatar, Tumenjargal;Yoon, Dae Gwun;Sin, Ho Sig
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2014.10a
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    • pp.72-74
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    • 2014
  • The need to further improve food quality and reduce food waste leads to increased attention for the development of Food Supply Chain Management (FSCM) which considers intrinsic characteristics of food supply chains besides traditional supply chain management (SCM) objectives such as cost and responsiveness. Growing consciousness of society towards sustainable development brings additional objectives to the food supply chains and the fast evolution of sustainable development results in the development of a new fast-growing concept: Sustainable Food Supply Chain Management (SFSCM). In response to these developments, researchers have developed various decision support tools that can be used for handling progressively increasing complexity along the alteration process from SCM to FSCM and now to SFSCM. This study reviewed literature on sustainable food logistics management to identify logistical key issues and relevant challenges. The evaluation of the reviewed papers shows that towards obtaining sustainability together with considering intrinsic characteristics of food supply chains, there is a gap between the needs of the practice and the current available method.

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The Correlations among the Categorized Quality Cost Factors on Small & Medium-sized Enterprises (국내 중소 제조기업의 품질비용 행태에 관한 실증 연구)

  • Koo, Il-Seob;Lee, Sang-Choon;Jang, Kwang-Soon;Kim, Yong-Bum
    • Journal of the Korea Safety Management & Science
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    • v.13 no.2
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    • pp.185-193
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    • 2011
  • The successful and sustainable growth of SMEs depends on their ability of strengthen their competitiveness in quality and cost and service more than anything else as a fundamental of operation. Among these key competitive factors of SMEs, quality is the most critical factor in manufacturing business fields. There are many different ways to improve the quality performance but it needs proper management decision to choose the best way what can maximize outputs with minimum inputs. And it needs effective measurement methods and some indicators to analysis the quality performance properly. The quality cost is one of the simplest key indicators to measure the quality performance and the effectiveness of quality related management decisions. In this study, through survey on local SMEs, we found that their average annual quality cost ratio versus turnover - total amount of annual quality cost divided by annual turnover - is around 3.69% excluded some SME's performances what have different quality control measures with others. And we found some results what corresponded with the early studies on the correlations between those categorized quality costs factors and some discrepancies between some of the literature model and the early case study results as follows. There were negative correlations between the Prevention costs and the External failure costs, and the Appraisal costs and the External failure costs, and there was positive correlation between the Appraisal costs and Internal failure costs same as early studies. But, we couldn't found any strong negative correlations between the Cost of control - Prevention costs & Appraisal costs - and the Cost of Failure of control - Internal & External failure costs -.

Development and application of Smart Water Cities global standards and certification schemes based on Key Performance Indicators

  • Lea Dasallas;Jung Hwan Lee;Su Hyung Jang
    • Proceedings of the Korea Water Resources Association Conference
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    • 2023.05a
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    • pp.183-183
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    • 2023
  • Smart water cities (SWC) are urban municipalities that utilizes modern innovations in managing and preserving the urban water cycle in the city; with the purpose of securing sustainability and improving the quality of life of the urban population. Understanding the different urban water characteristics and management strategies of cities situate a baseline in the development of evaluation scheme in determining whether the city is smart and sustainable. This research herein aims to develop measurements and evaluation for SWC Key Performance Indicators (KPIs), and set up a unified global standard and certification scheme. The assessment for SWC is performed in technical, as well as governance and prospective aspects. KPI measurements under Technical Pillar assess the cities' use of technologies in providing sufficient water supply, monitoring water quality, strengthening disaster resilience, minimizing hazard vulnerability, and maintaining and protecting the urban water ecosystem. Governance and Prospective Pillar on the other hand, evaluates the social, economic and administrative systems set in place to manage the water resources, delivering water services to different levels of society. The performance assessment is composed of a variety of procedures performed in a quantitative and qualitative manner, such as computations through established equations, interviews with authorities in charge, field survey inspections, etc. The developed SWC KPI measurements are used to evaluate the urban water management practices for Busan Eco Delta city, a Semulmeori waterfront area in Gangseo district, Busan. The evaluation and scoring process was presented and established, serving as the basis for the application of the smart water city certification all over the world. The established guideline will be used to analyze future cities, providing integrated and comprehensive information on the status of their urban water cycle, gathering new techniques and proposing solutions for smarter measures.

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Investigation of Key Factors to measure on-site Performance of a Construction firm

  • Lee, Young-Dai;Kim, Jung-Ki;Acharya, Nirmal Kumar
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.6
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    • pp.246-262
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    • 2007
  • The performance of projects has always been an area of interest in the construction industry. Roles of all construction supply chain partners are necessary; however the role of a contractor firm in the construction project is pivotal. So, this research intended to explore a Construction Firm's performance criteria which could measure the level of performance of that firm in an ongoing project. Data was collected from construction professionals working in three principal project participant organizations, namely Owner, Consultant and Contractor. A total of 113 nos. of performance measuring items were sorted from literature review and used to collect data. Statistical tools processed by SPSS program was employed to analyze the data. Out of total 113 items, only 65 nos. of variables were found to be acceptable to every population group of this study. Factor analysis revealed 12 key performance predicting factors (KPPF) with 53 predictive indicators. 12 KPPFS with index weight are: work progress and smoothening (9.3%), change order management and work accuracy (9.1%), business relationship building (8.1%), adequacy of construction work procedure (8.6%), quality performance (8.0%), health and site safety adequacy (8.8%), Innovative contractor (8.0%), adequacy of construction site information (6.8%), compliance with contract plan/specification requirements (8.9%), creditworthiness and financial capability (8.3%), intra-agency relationship and responsiveness (7.0%) and resource management (9.2%). These results could be useful to project management body to evaluate performance of its contractor firm on site as well as the contractor itself to assess own performance and its subcontractors on-site.

A Comparative Study of the Gwangju Metropolitan City area D regional health plan and regional social welfare plan

  • Jeon, Seong Nam;Choi, Young Ho
    • Journal of the Korea Society of Computer and Information
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    • v.20 no.12
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    • pp.153-161
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    • 2015
  • This study is intended to provide a basis for the planning of local governments to, analyzed in Gwangju Metropolitan City area D sixth regional health plans and Tertiary regional social welfare plans, establishing phase, the evaluation phase side. Based on the study results suggest the following implications. First, Specifically, it should be established to systematically planning process. Second, Plan's vision, key challenges, businesses are logical and details should be provided consistently. Third, It should be evaluated focusing on residents of the area change. Fourth, Change of plan indicators, performance indicators, etc. must be presented in detail.