"If you can not measure it, you can not improve it." (Lord Kelvin)

"Everything can be made better than it is done." (Henry Ford)

Objective of performance management is the systematic performance measurement, management and control as well as keeping track of various application objects or performance levels (employees, teams, departments, processes) with the aim of continuous improvement of individual and corporate performance.

Problem here is that companies on the subject of indicators often do not know what they do exactly: many non-financial indicators are useless, because managers do not consider whether these figures really influence the company's success. Studies show that eight out of ten top managers are dissatisfied with their current management information systems and the developed performance indicators. 60 percent of the production managers are not satisfied with the figures provided to you. Half of the manager even does not have a performance measurement system. In practice, the loop between planning, execution, testing and action is often not closed. The reasons for this are many. Is called in this context .:

• often still manual data collection is costly, which is why it is limited to a minimum (often only quantity detection and estimated times)
• the calculation and publication of many key figures are far too large time intervals (eg monthly)
• often existing indicators, such as the utilization of machinery and equipment are in conflict with other indicators, such as on-time delivery and transit time
• the existing indicators do not reflect the actual production potential of resist (downtime, scrap, rework, throughput time, etc.)
• the ratios are calculated but there are no responsibilities and activities organized, ie there are no loops

→ 4MGT supports the establishment of an integrated performance management at all levels.