Real-time Performance Management (RPM) is a management practice that measures performance in real-time. These measures are used to adjust targets to exploit current market conditions and improve business agility. RPM provides a strategy for success with the very dynamic business conditions confronting today's manufacturers. The focus is on operational cost and profitability measures for resource allocation and decision making. Dynamic performance targets adapt to changing definitions of what is important and what is acceptable performance. The real-time monitoring of performance measures and external factors keep the corporation focused on the "right things". (Read more ....)







