Direct Labor Cost by Manufacturing Process Report for Acumatica
What is a Report for Direct Labor Cost by Manufacturing Process?
A Report detailing Direct Labor Costs by Manufacturing Process holds significant importance as a pivotal production document commonly utilized by production and plant managers. Its primary objective is to compare actual and projected labor expenses for each distinct manufacturing process. The report encompasses essential elements like daily rates and the average involvement of team members. These metrics are presented for both individual months and cumulative year-to-date figures. The report initiates with a comprehensive comparison between actual outcomes and forecasts at the plant level. An illustrative example of this report type is provided below for reference.
Purpose of Manufacturing Process Labor Cost Reports
Labor Cost Reports play a crucial role in manufacturing enterprises, offering a two-fold perspective that covers individual employees as well as the entire plant. These reports serve as valuable instruments when integrated into effective business practices within the realm of Financial Planning & Analysis (FP&A). By doing so, companies can heighten their scrutiny of labor and processes, concurrently minimizing the risk of oversight concerning employee expenditure within manufacturing operations.
Benefits to Users
The adoption of a Direct Labor Cost report by manufacturing process offers substantial benefits that empower business users to make well-informed decisions and streamline their responsibilities. With access to accurate and current data on actual versus projected labor expenses, production and plant managers can swiftly pinpoint areas of deviation and strategically allocate resources. This enables proactive decision-making, facilitating agile adjustments to production strategies and resource distribution. Furthermore, the insights provided by the report’s day rates and team member utilization metrics equip managers with a comprehensive grasp of workforce productivity, enabling targeted enhancements to efficiency. This reporting approach fosters a culture of data-driven decision-making, creating an environment where business users can optimize processes, manage costs, and elevate overall operational efficiency.
Manufacturing Process Labor Cost Report Example
Here is an example of a Direct Labor Cost by Manufacturing Process report.
Direct Labor Cost by Manufacturing Process Report from Solver
You can find hundreds of additional examples here.
Who Uses This Type of Report?
The typical users of this type of report are: CFOs, plant and production managers.
Other Reports Often Used in Conjunction with Manufacturing Process Labor Cost Reports
Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Manufacturing Process Labor Cost Reports, along with production dashboards, profit & loss reports and other management and control tools.
Where Does the Data for Analysis Originate From?
The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Acumatica, Sage Intacct, Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others.
In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards?
Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
- View 100’s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- Manufacturing White Paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards
Learn More About Solver CPM For Manufacturing
Only Solver delivers a one-day rapid deployment, including free and instant access to $100K of value available on Day 1 in the Solver Marketplace. Solver is committed to helping you with all your advanced planning and reporting needs, so you can Accelerate Better Decisions – starting now. Take a free tour of Solver for any of these ERPs:
