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Strategy - Latvian national Metrology Centre

Cabinet order No. 505 of 25.8.2020

To determine the general strategic objective of the limited liability company “Latvian national Metrology Centre” – to perform reliable and high-precision measurements, as well as to ensure the metrological services necessary for the society, promoting the development of innovations and ensuring the availability of metrological services appropriate to market needs.

MISSION

Carry out reliable and high-precision measurements by providing the metrological services needed by the public, mainly in market segments where there is insufficient competition or other operators do not provide services

VISION

LNMC is a cost-effective, efficient, internationally known company that works in modern facilities with modern facilities.

The company has highly skilled, motivated and satisfied employees who work efficiently with the latest technologies and digitalization solutions and provide a level of customer satisfaction.

VALUES

Liability: LNMC employees are responsible for their decisions and actions, following honesty, societal values and laws.

Professionalism: LNMC provides high-quality services, operating competently and in line with industry standards.

Development: LNMC boosts employee and business growth by integrating new ideas and innovations in the name of sustainability

FINANCIAL OBJECTIVES

NET PROFITABILITY

between 1 and 5%

LIQUIDITY RATIO

between 1.2 and 2.0

NEW SERVICES

15% of operating revenue

CORE ACTIVITY

revenue growth of 25%

HORIZONTAL POLICY OBJECTIVES

RESEARCH AND INNOVATION

at least 5% of NET turnover each year

CUSTOMER SATISFACTION

at least 85%%

ENERGY RESOURCES

reduction of at least 25%%

NON-FINANCIAL OBJECTIVES

RESEARCH AND INNOVATION

to accredit at least three methods per year based on customer needs

METROLOGY OFFICE

leading organisation in research, development and information circulation in the field of metrology

LABORATORY CONTROL AND AUTOMATION SYSTEM

implement easy storage, analysis and availability of all service data performed

BENCHMARKS

increase the number of national benchmarks by 30% and modernise existing ones

INTERNATIONALLY RECOGNISED METROLOGICAL SERVICES

increase the accuracy of measurement results by 20% in the fields of mass, geometry and electrical measurement

ENERGY EFFICIENCY

achieve 25% energy savings