Manufacturing and Production Management
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Manufacturing and Production Management
Production orders are costing systems that fit certain entities with particular production nature. Such a system has distinct characteristics that differ from other systems, with particular objectives.
Production stages are series of sequential operations to form the end product. Every production stage adds new characteristics as initial steps for reaching the final production stage through the processes, functions and movements of various components of manufacture. The system is connected and integrated with other systems, like: warehouses and general accounts.
The Advantages:
- Pre-determination of the estimated costs of manufacture until the standard cost of product prior to manufacture, and accurately monitor all elements of cost.
- Monitor the efficiency of laborers and manufacture equipment, and submit full reports about the exploited and wasted capacity of laborers and machinery.
- Show manufacture components including (direct and indirect costs) via the operation orders involving raw materials, laborers and equipment, until getting the product’s estimated costs.
- Production orders, whether client orders or storage production orders.
- Show the deviations between the estimated and actual costs and quantities.
- Show the idealistic operating hours of laborers and machinery.