| By using relevant aerospace KPI in performance | | | | economy that in 2004, U.S. Secretary of Labor Elaine |
| evaluation, companies that belong to the aerospace | | | | L. Chao announced initial investments amounting to $3 |
| industry will be able to assess employee performance | | | | million. This fund was meant to address the special |
| and the value of their output efficiently. | | | | needs of the aerospace industry workforce. Just two |
| The term "aerospace" typically refers to the | | | | years before, in 2002, the Department of Labor has |
| atmosphere that surrounds the Earth as well as the | | | | also invested $4 million for the training of incumbent |
| surrounding space. Consequently, all companies whose | | | | aerospace workers. In an effort to understand and |
| end products are tools, technologies, or vehicles that | | | | resolve the problem of workforce shortages in the |
| allow movement through air and space are said to | | | | industry, the DOL had sought the recommendation of |
| belong to the aerospace industry. This industry is | | | | industry employers and industry association |
| characterized as a diverse field that involves not only | | | | representatives. After all, a robust workforce is a |
| commercial and industrial applications, but military | | | | requisite for the efficient functioning of the engines |
| applications as well. Industry participants may be | | | | of the aerospace industry. With the eternal need for |
| involved in researches, operations, manufacture, and | | | | technological improvement and innovation, it is vital |
| maintenance of aerospace vehicles. | | | | for the industry to motivate all employees from all |
| The aerospace industry is undoubtedly one of the | | | | organizational levels to deliver topnotch performance. |
| most dynamic industries that have emerged in the | | | | Among all aerospace companies, aerospace |
| twentieth industry. Aside from paving the way for | | | | manufacturers are probably the most successful. |
| more extensive research and development in | | | | These are the companies that have gained core |
| aerospace technology, the industry also significantly | | | | competency in the production of aerospace products, |
| influences other industries, like logistics, | | | | such as aircrafts, guided missiles, propulsion units, |
| telecommunications, electronics and computing, | | | | aircraft engines, and other similar parts. For these |
| defense supply, as well as travel and tourism | | | | companies, it is vital to maintain a highly efficient |
| industries. Usually, the aerospace industry of most | | | | global supply chain (GSC). It is expected that through |
| industrial countries are participated by both publicly | | | | supply chain management and logistics management, |
| and privately-owned companies. In connection with | | | | GSC for all aerospace firms will dramatically improve. |
| this, several countries have a space program that is | | | | To achieve a high level of GSC integration, a major |
| entirely controlled by the government. The most | | | | chunk of the aerospace industry had adopted Six |
| prominent of these are the NASA of the United | | | | Sigma processes. With the use of some relevant |
| States, Canadian Space Agency in Canada, and the | | | | aerospace KPI and supply chain management success |
| China National Space Administration in China. | | | | factors, industry players are also able to improve |
| Moreover, through these space programs, aerospace | | | | their logistics. With the synergy of all these evaluation |
| companies are able to develop technical components | | | | tools, aerospace industry players will surely be able to |
| and tools, like spaceships and satellites. | | | | keep up with the ever-changing needs and challenges |
| So integral is the aerospace industry in the country's | | | | that they face. |