Textile industry indicators for management

Abstract

Traditional accounting is based on financial indicators; the balanced scorecard divides management into different perspectives, some authors suggesting no more than four or five for each company. To measure each perspective some indicators should be defined. The aim of this work is to propose some indicators that fit each perspective for some textile companies that work in weaving fabrics. These indicators are specific for them, and very useful to help companies' management in the current circumstances of globalisation. Businesses must strive to increase their competitive advantage, which will increasingly depend on the parameters of innovation, development of new products, versatility, quality, costs, etc., and indicators will measure it.