Yield Calculation and Finished Good Costing
Calculate yields and costs of finished goods with ease. Automatically capture production costs and analyze product profitability. Generate reports that can be used to assess price competitiveness.
Obtain the exact cost of producing the finished product. Track the exact costs of the raw material used, the labor costs involved, and the overhead costs such as depreciation, taxes and insurance. Monitor production cycle, analyze results and adjust manufacturing process to ensure maximum efficiency. Compare the cost of producing goods in various locations and make informed decisions about where to invest for maximum profit. Calculate the yield from a given batch of raw materials to determine the cost and quantity of output. Analyze the cost of labor, overhead and materials to accurately measure the cost and value of each process.
Managers get a comprehensive view of the costs associated with producing goods, such as raw materials, labor, overhead, and other expenses. This information helps them identify areas of waste and better understand the cost associated with producing a particular item.
Gain an accurate and comprehensive view of raw material costs across the entire enterprise. Make informed decisions on where to source materials from, and optimize stock levels to better control costs.
Key Features of Finished Good Costing
with Deskera ERP.
Deskera Yield Calculation and Finished Good Costing
What is yield calculation?
Yield calculation is a way to measure the efficiency of a production process. It measures the amount of usable, saleable product that is produced from a certain amount of raw material and resources. Yield calculation is important for managing the cost and efficiency of the production process.
Why is yield calculation important in an Enterprise MRP setting?
Yield calculation is important in an Enterprise MRP setting because it helps to determine the quantity of finished goods that can be produced from a given amount of raw materials and resources. This helps to identify potential areas of inefficiency and waste, as well as providing accurate cost and profit calculations based on the amount of usable product produced.
What are the key steps in yield calculation?
The key steps in yield calculation include determining the amount of raw material used to produce the finished product, calculating the amount of finished product produced, and calculating the overall yield. This includes figuring out the yield percentage and the total amount of usable product produced.
How is yield calculation used in an Enterprise MRP setting?
Yield calculation is used in an Enterprise MRP setting to determine the total cost of production and the profitability of the process. Yield calculation can also be used to identify areas of inefficiency and waste, and to improve the production process by optimizing raw material usage.
What information is required for yield calculation?
For yield calculation, the amount of raw materials used, the amount of finished products produced, and the amount of usable products produced is required. Additionally, the cost of production, the cost of raw materials, and the cost of finished goods are needed to calculate the total cost of production and profitability of the process.
How often should yield calculation be conducted?
Yield calculation should be conducted on an ongoing basis in an Enterprise MRP setting. This helps to ensure accuracy, as well as identify areas of inefficiency and waste that can be corrected to improve the production process.
What are the benefits of yield calculation?
The benefits of yield calculation include improved cost and profit calculations, better resource utilization, improved efficiency, and a better understanding of production processes. Yield calculation also helps identify areas of inefficiency and waste, which can be corrected to improve the production process.
What are the common challenges of yield calculation?
Common challenges of yield calculation include inaccuracies due to manual calculations, errors in data entry, and lack of access to accurate and up-to-date information. Additionally, yield calculation can be complicated and time-consuming to complete.
How can yield calculation be automated?
Yield calculation can be automated by using an Enterprise MRP system, which can provide accurate calculations and access to up-to-date data. Automation can help to reduce errors and improve the accuracy of the results.
What are the advantages of using an Enterprise MRP system for yield calculation?
The advantages of using an Enterprise MRP system for yield calculation include improved accuracy, access to up-to-date data, automation of calculations, and improved resource utilization. Additionally, an Enterprise MRP system can help to identify areas of inefficiency and waste, and provide better cost and profit calculations.
Use Cases
