HIGHLIGHTS
SUMMARY
The work of Rodrìguez-Rodrìguez et_al defines the PMM as that which defines strategic objectives, associated production plans, and key performance indicators (KPIs), emphasizing that this structure is straightforward and traceable. A traditional industrial PMM`s objectives are to create a consistent approach to extracting, analyzing, and reporting information on the company`s performance; they are used to determine whether systems are functioning as expected by comparing the predicted model with the observed data. Traditional performance measurement systems that rely mainly on financial performance and reports are criticized for being outdated, irrelevant . . .
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