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The survivability of an industrial organization as well as its prosperity is totally dependant on its production performance; the better the production capabilities are the more significant is the advantage the organization has in comparison to competition as the higher is its ability to surpas its customers expctations. These advantages can be translated to business strength (lower sensitivity to external forces), improved cash flow, increased sales and higher profitability. However, achieving these results mandates that the production performance is meaningfully better than the competition. Adopting appropriate production management methodolgies, implementing appropriate tools for planning and controlling production as well as methods for identifying and exploiting potential improvments enable rapid leap jumps in performance and the establishment of a system that continues to improve.
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