Labor and production metrics

Labor and production metrics are used to track, measure, and control the amount of work, time, and costs devoted to different activities and tasks within a company. By determining how much time and labor is being devoted to specific activities, a company can measure the true cost of these activities and products. Ultimately, this information helps a company to understand the profitability and efficiency of their products, workforce, and overall business. Workforce Management enables time to be tracked against a virtually unlimited number of labor metrics.

Designing and configuring the labor metrics of a company is critical to the application. Design and configuration is a multi-step process involving modification of both maintenance form and labor metric sections.

Labor metrics is tied to the costing or analysis structure. If the application is used to capture and analyze labor distributions or to report production cost data, several labor metric elements must be defined.

Some of the typical types of information that are captured are:

• Work order numbers
• Project numbers
• Cost center numbers
• Job code numbers
• General ledger information