Dear Minal,
Manufacturing sector or otherwise, the best known models of business performance are:
a) TATA Business Excellence Model
b) People Capability Maturity Model
c) DuPont Model
d) Baldrige Award
However, all the above are high-end models. If you fall under SME category, then better you follow simple Performance Management System (PMS) model. Let it stabilise in your company and then you can upscale yourself. However, to stabilise PMS, you would need five years at least.
Just yesterday, I conducted the the training programme on PMS. All the participants were from HR only. They were more than happy. You may talk to your management and propose them of arranging my training to all the managers. You would get more than what you need.
Thanks,
Dinesh V Divekar
.