Performance Measurement and Development of ProductionLaajuus (5 ECTS)

Objective

The student
• knows the main measures and indicators of production performance and how they relate to the overall performance of the company
• is able to build or select the right metrics for production monitoring and analysis
• is able to use indicators and analysis results to support decision making
• knows and can use different methods of production development
• knows the principles of continuous improvement and can use them as part of production development
• knows what influences the manufacturability and assemblability of a product and is able to develop the product and the production process according to these principles
• has a good understanding of the various methods of cost accounting and investment appraisal and is able to use them to support production decision making.

Content

• Key terms used in production measurement
• Performance measurement frameworks and their implementation and applications to production
• Measuring production
• Methods of continuous improvement and development of production
• Improving the manufacturability and assemblability of products
• Cost accounting methods and applications
• Investment calculations

Assessment criteria, satisfactory (1)

The student
• knows the basic concepts related to the measurement and development of production
• knows the principles of good manufacturability and assemblability
• knows the principles of cost accounting and investment appraisal.

Assessment criteria, good (3)

The student
• knows the basic concepts related to production measurement and can choose the right metrics to measure production
• knows the principles of continuous improvement and the different methods of production development
• is able to assess manufacturability and assemblability
• knows the different methods of cost accounting and investment appraisal and can apply them to the development of production.

Assessment criteria, excellent (5)

The student
• knows the concepts of production measurement and can select or build the right metrics to measure production and use them to support decision making
• masters the different methods of continuous improvement and production development
• is able to develop the product and the production process with respect to manufacturability and assembly
• knows the different methods of cost accounting and investment appraisal and can apply them in production development and decision support.

Assessment criteria, approved/failed

The student
• knows the basic concepts related to the measurement and development of production
• knows the principles of good manufacturability and assemblability
• knows the principles of cost accounting and investment appraisal.