In: Accounting
Vancouver manufacturing Ltd. manufactures a variety of high quality electronic components. Data from the last three months are presented below:
July |
August |
September |
|
Direct materials partial productivity |
0.76 |
0.77 |
0.78 |
Overtime hours worked |
60 |
65 |
62 |
Defect rate |
1.00% |
0.95% |
0.92% |
On time delivery |
97.0% |
97.3% |
97.0% |
Set up time (average in hours) |
5.90 |
5.85 |
5.80 |
Number of machine breakdowns |
3 |
2 |
2 |
Downtime (hours) |
15.0 |
11.5 |
11.0 |
Number of products returned |
5 |
4 |
3 |
Throughput time (hours) |
10.0 |
9.8 |
9.5 |
You are the controller for Vancouver manufacturing and you are reviewing the performance over the last 3 months. In addition, the controller notes that the company, although it has many detailed performance measures, is considering implementing a balanced scorecard and asks you to identify the measures you think would be most appropriate to include in the balanced scorecard.
Required:
Evaluate the performance of the company and prepare a detailed Balanced Scorecard.