Step 1 - Input your basic production data
Time standards
Hours
per shift
i
Shifts
per day
i
Days
per week
Weeks
per year
i
Rework costs
parts
per hour
i
Rework time per part
in minutes
i
Hourly wage
in $
i
Production increase
parts
per hour
i
Profit
per part in $
i
Step 2 - Adjust for saved rework costs
Part reduction
(percent)
i
Time reduction
(percent)
i
Cost
per day
Cost
per week
Cost
per quarter
Cost
per year
Man hours saved
per day
Man hours saved
per week
Man hours saved
per quarter
Man hours saved
per year
Step 3 - Adjust for production increases
Production Increase in
parts
i
Production Increase in
percent
i
parts
per day
Profit
per day
parts
per week
Profit
per week
parts
per quarter
Profit
per quarter
parts
per year
Profit
per year
Step 4 - Create your report