By Sachin Karadgi
This publication describes how production organizations, via reinforcing their latest tracking and keep an eye on of producing approaches, can effectively face the ever-increasing strain from inner and exterior environments to take care of their aggressive virtue. various functionality dimension structures were elaborated to fulfill those necessities, stressing the significance of monetary and operational metrics. It additionally highlights the truth that learn on producing and linking monetary and operational metrics, in particular in real-time, has now not garnered enough awareness to this point. The e-book follows an technique that integrates firms throughout varied degrees and departments. via computing and linking the monetary and operational metrics in real-time, the booklet demonstrates find out how to supply a complete view of a whole enterprise.
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Extra resources for A Reference Architecture for Real-Time Performance Measurement: An Approach to Monitor and Control Manufacturing Processes
3. Direct cost represents “costs that can be specifically identified with an output” . 4. Indirect/overhead cost is stated as “costs of resources that are jointly or commonly used to produce two or more types of outputs, but cannot be specifically identified with any individual output or traced to a given cost object in an economically feasible way” . 5. Fixed cost is identified as “costs that remains unchanged in total for a given time period, despite wide changes in the related level of total activity or volume” .
These functions include reporting cost objectives for production, calculating and reporting total production costs, and so forth. Product cost accounting function is carried out with the support of accounting module of an ERP System (see IEC 62264-1 ), may be, in interaction with a CRM System and a SCM System. Similarly, there is also a possibility to perform product cost accounting and financial metrics using standalone cost accounting systems . Financial metrics are indispensable for enterprise members belonging to strategic and tactical levels of an enterprise, which helps to identify the health of an enterprise .
For instance, the abnormalities identified can be used to enhance the existing production routings. In addition, the functionality supports monitoring and control of manufacturing processes by responding automatically and/or alerting machine operators whenever an exception occur. 5. Data Collection/Acquisition: The functionality provides an interface to collect process data from control systems, either manually or automatically. The data can be stored as records associated with the product. The stored data can be exploited in multiple ways, as described in other functionalities.
A Reference Architecture for Real-Time Performance Measurement: An Approach to Monitor and Control Manufacturing Processes by Sachin Karadgi