Performance status has to do
with profitability of manufacturing industries. Good performance brings about
increase in productivity. There are in existence different models and software,
but none has been able to develop software based on American Productivity
Center model (APC). The strategic decisions required were identified as: Factor
Productivity, Price Recovery and Cost Effectiveness indices, while the
parameters used are: quantity produced, price per unit, labour input time, cost
per hour of labour as well as the period. These were used to develop the models
for the strategic decisions mentioned and software (PPE-INDICES, 2016) for implementation
of the models using Java programming language. Olam cocoa processing company
was used as the case study and the software was able to report the performance
of the company thus: 24%, 51% and 87% increase in Factor Productivity, Price
Recovery and Cost Effectiveness indices respectively for period 2013/2014, 29%,
20% and 55% increase in Factor Productivity, Price Recovery and Cost
Effectiveness indices respectively for period 2014/2015, and 23%, 13% and 39%
increase in Factor Productivity, Price Recovery and Cost Effectiveness indices
respectively for period 2015/2016. The model and its software will find its
application in all manufacturing industries of developing and developed
countries.
Cite this paper
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