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Assignment Grading Course: Name Strategy Map For Domestic Auto Parts Your Name Professor's Name (Optional) University

The document outlines the key factors in a strategy map for a domestic auto parts company, including financial, customer, internal, and learning/growth perspectives. It discusses important performance indicators such as cost of sales, staffing levels, inventory measurements, and level of service. The strategy map is intended to help auto parts companies better understand how to improve performance and satisfy customers.
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0% found this document useful (0 votes)
112 views4 pages

Assignment Grading Course: Name Strategy Map For Domestic Auto Parts Your Name Professor's Name (Optional) University

The document outlines the key factors in a strategy map for a domestic auto parts company, including financial, customer, internal, and learning/growth perspectives. It discusses important performance indicators such as cost of sales, staffing levels, inventory measurements, and level of service. The strategy map is intended to help auto parts companies better understand how to improve performance and satisfy customers.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment Grading

Course: Name

Strategy Map for domestic Auto parts

Your name

Professor’s Name [optional]

University
Strategy Map for domestic Auto parts

The strategy map for any company includes the following factors to be kept in consideration:

1. Financial perspective: This examines the company’s financial compatibility to

contribute for the betterment of the company. This represents the long time objective of

any organization for sustaining in the market and thus takes into account the tangible

outcomes according to the traditional financial terms. The primary objectives of financial

perspectives are to increase the return on the amount of capital employed, reduce the unit

costs, utilization of maximum assets and enhancing the market share.

2. Customer’s perspective: This defines the value proposition that can be used by the

organization for satisfying the customers and enhances the sales by gaining the attention

of increased number of customers. The measures that are considered from the customer’s

perspective must undertake both the value which is delivered to the customer that

involves time, quality service, performance and cost and the outcomes that is achieved as

a result of value proposition. The primary factors of customer perspective are operational

excellence and product leadership.

3. Internal perspective: The internal perspective is solely focused on the key factors that

are required for the company to make progress for coping up with the demands of the

customers. This factor can be grouped in to the following:

 Operations management- Where improvement of the available resources are done.

 Regulatory-establishing healthy relation with stakeholders

4. Learning and growth perspectives: This focuses on the intangible assets present within

an organization that mainly depends on the efficiency and capabilities of the employees

that are required for supporting the value created by internal processes. The objectives of
growth perspective of a an auto parts company is to focus on-the man power required

production and manufacture, knowledge of advanced technological tools and systems,

organizational work environment and capital.

The key performance indicators of a domestic auto parts company are as follows:

1. Cost of sale and variations: the overall cost of sales determines the amount that must be

invested by the company to gain the returns. This is one of the important performance

indicator because the more return achieved by the company from their investments the

more it is estimated to make profit.

2. Staffing levels: It is absolutely necessary for an auto parts manufacturing company to

have experienced and qualified professionals to enhance the quality of work and attain

innovative technologies.

3. Inventory measurements: This is a really important key performance indicator due to

the fact that it provides the estimation of gross turn which is actually the ratio of

inventory to sales. This provides a clear picture for the company regarding the financial

condition.

4. Level of service: The level of service depicted by the company to its customers will help

in estimating how successful the company has been in satisfying the customers. The

service offered by an auto parts trading company must be top notch both in discovering

innovative technologies and providing them to the customers at affordable price.


Reference list:

Rob Campbell. (2014). Key performance indicators for parts managers

Retrieved from: http://www.dealersedge.com/Media/MediaManager/WGK2.pdf\

Kaplan, Robert S and David P. Norton. (2011). 'The Strategy Map: Guide to Aligning Intangible
Assets'. Strategy & Leadership

Windolph, Melanie. (2014). 'Balanced Scorecard Und Strategy Map'

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