Free CPIM Exam Braindumps
Certified in Production and Inventory Management Questions 46–50 (page: 11)

There is difference between measurement and standards, because:

The old saying "What you do not measure, you cannot control", is as valid today as it was when first stated. The necessary step/s in implementing a successful performance measurement program is/are:

Continuous improvement does not focus on a "one-shot" improvement out on such things
as:

If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales ,what would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60%of sales to 50%of sales?

Considering the above question how much would sales have to increase in profits?