Planning and control of economic performance in manufacturing segments
A life cycle oriented approach
The main objective of revenue and profit controlling is to ensure the profitability of all manufacturing operations during product generation. According to turbulent market conditions with strong competition and changing consumer preferences the market prices cannot be assumed as constant over the time. This implies that the manufacturing costs are subject to permanent market pressure and conditions. Modern applications of information and communication technologies allow to implement online-diagnoses and to even interact with the control system of manufacturing systems. The presented strategic framework presents key enablers and drivers to perform such a controlling system. By logging of data taken from machine control and operation a manufacturing system can be controlled. Further, simulation and learning curves help to predict future machine behavior and online profit tracking provides a controlling instrument to master turbulent market conditions manufacturing.