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dc.contributor.authorGólcher-Barguil, L.A.
dc.contributor.authorNadeem, S.P.
dc.contributor.authorGarza-Reyes, J.A.
dc.date.accessioned2019-03-22T11:47:02Z
dc.date.available2019-03-22T11:47:02Z
dc.date.issued2019-03-08
dc.identifier.citationGólcher-Barguil, L.A., Nadeem, S.P., and Garza-Reyes, J.A. (2019) 'Measuring operational excellence: an operational excellence profitability (OEP) approach', Production Planning and Control: The Management of Operations. doi: 10.1080/09537287.2019.1580784.en_US
dc.identifier.issn0953-7287
dc.identifier.doi10.1080/09537287.2019.1580784
dc.identifier.urihttp://hdl.handle.net/10545/623638
dc.description.abstractThe pursuit of operational excellence in the manufacturing industry is at rise, but its measurement still lacks of appropriate indicators to determine its financial benefits. The ambiguity is due to the impact arisen from manufacturing fluctuations such as price and cost, production mix, and direct and indirect parameters variations. Manufacturing fluctuations distort the cost benefit of operational excellence. This paper therefore proposes the OEP (Operational Excellence Profitability) indicators to isolate the impact of manufacturing fluctuation, and distinctly identify the payback of operational excellence strategies and initiatives through cost benefits of achieving higher efficiency and yield. The paper presents the conceptual and mathematical development of the proposed OEP indicators and the formulas used for their calculation. Hypothetical and industrial-based investigations and applications of the OEP indicators are conducted for their validation. The results obtained from the hypothetical exercise and industrial case suggest that OEP indicators can provide an effective cost benefit analysis of operational excellence. This would contribute in providing manufacturing organisations with more complete information regarding the performance of their processes, which will allow their directors and managers to take better decisions related to the management and improvement of their processes.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherTaylor & Francisen_US
dc.relation.urlhttps://www.tandfonline.com/doi/full/10.1080/09537287.2019.1580784en_US
dc.subjectoperational excellenceen_US
dc.subjectperformanceen_US
dc.subjectmeasurementen_US
dc.subjectindicatorsen_US
dc.subjectOEEen_US
dc.titleMeasuring operational excellence: an operational excellence profitability (OEP) approach.en_US
dc.typeArticleen_US
dc.identifier.eissn1366-5871
dc.contributor.departmentUniversity of Derbyen_US
dc.identifier.journalProduction Planning and Control: The Management of Operationsen_US
dcterms.dateAccepted2019-02-06


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