• SME MM98-287
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SME MM98-287

  • Competitive Next Generation Manufacturing Enterprise: Investing In The Future
  • standard by Society of Manufacturing Engineers, 11/01/1998
  • Publisher: SME

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Manufacturing companies are facing a set of challenges and dilemmas, and are subject to dynamic economic, technological, and political forces. The Next Generation Manufacturing (NGM) Framework for Action outlines the strategies companies must master if they are to thrive in the future. These strategies encompass people; knowledge processes; systems, unit processes, and technology; and enterprise integration. Implementing the strategies will require a coordinated set of investments the Kaplan/Norton Balanced Scorecard, adapted for Next Generation Manufacturing, provides a guide for prioritization of these investments.

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