Manufacturing Variances

The data model encompasses metrics such as Qty Produced, Weight, WipCost Amount, Production Totals Cost, Production Totals Var, Production Totals Var %, Material Cost, Material Var, Material Var %, Labor Cost, Labor Var, Labor Var %, Overheads Cost, Overheads Var, Overheads Var %, and Hours. Views include WIPCOST Variances, Direct Labor Variances, Material Usage Variances, Overhead Variances, and Total Variances, aiding in analyzing discrepancies and evaluating variances in manufacturing costs and efficiency for performance assessment.

Benefits of This Data Model

• Enhanced Performance Analysis: The data model enables in-depth evaluation of manufacturing operations by providing metrics such as Production Totals Cost, Labor Var, and Overheads Var, facilitating comprehensive performance analysis.
• Improved Cost Variances Understanding: With dimensions like Product Stats Group and Product Category Code, the model allows for a detailed examination of cost discrepancies, aiding in understanding variances in material, labor, and overhead costs.
• Efficient Production Monitoring: By incorporating measures like Qty Produced and Weight alongside dimensions like Work Order Number and Work Center Dept., the data model supports efficient monitoring of production activities and resource utilization.
• Comprehensive Product Analysis: Through dimensions such as Product Code and Product Stats. Group 1 Desc., the model offers the ability to conduct a thorough analysis of various product categories, contributing to informed decision-making on product performance and cost management.
• Streamlined Operational Insights: With Transaction Date and Week as dimensions, the model provides insights into operational trends and patterns over time, facilitating timely decision-making and strategic planning.

Key Performance Indicators (KPIs)

• Qty Produced: The total quantity of products manufactured within a specified time period.
• Weight (Kg): The total weight of products manufactured, typically measured in kilograms.
• WipCost Amount: The cost associated with Work in Progress (WIP) inventory during the manufacturing process.
• Production Totals Cost: The total cost incurred in the production process, including material, labor, and overhead costs.
• Production Totals Var: The difference between the actual total production cost and the budgeted production cost.
• Production Totals Var %: The percentage variance between the actual and budgeted total production costs.
• Material Cost: The total cost of materials used in the manufacturing process.
• Material Var: The variance between the actual material costs and the budgeted material costs.
• Material Var %: The percentage variance between the actual and budgeted material costs.
• Labor Cost: The total cost of labor for manufacturing operations.
• Labor Var: The variance between the actual labor costs and the budgeted labor costs.
• Labor Var %: The percentage variance between the actual and budgeted labor costs.
• Overheads Cost: The total overhead costs incurred during the manufacturing process.
• Overheads Var: The difference between the actual overhead costs and the budgeted overhead costs.
• Overheads Var %: The percentage variance between the actual and budgeted overhead costs.
• Hours: The total number of labor hours utilized in the manufacturing process.

Available Visualizations

View Name	Description
WIPCOST Variances	Offers insights into cost variances related to work in progress in manufacturing.
Direct Labor Variances	Analyzes discrepancies between actual and standard labor costs in production processes.
Material Usage Variances	Examines differences in actual and standard material usage costs for manufacturing operations.
Overhead Variances	Provides visibility into variances between actual and allocated overhead costs in manufacturing.
Total Variances	Aggregates and evaluates overall variances in manufacturing operations for performance analysis.