STD Time Accuracy vs. Precision
STD Time Accuracy vs. Precision
(OP)
Given a variety of products that are similar in their routing, but may have slight differences, what 'precision' is required for each product in the group of items for their run-time? Obviously, the group of products, if given ONE standard time for the group, will lose visibility to cost differences. However, if each product within the group is given a unique time to show the real difference in run-time, it becomes difficult to manage. Can someone give some advice as to logic that can be applied?





RE: STD Time Accuracy vs. Precision
RE: STD Time Accuracy vs. Precision
RE: STD Time Accuracy vs. Precision
RE: STD Time Accuracy vs. Precision
I hope this helps you.
RE: STD Time Accuracy vs. Precision
you may find then that the products that look very similar when based on time standards suddenly become completely different when based on rate, 1 min lost on one product may cost differently to another.
Also this means that if you are manufacturing 'any batch size' rather than standard sizes every time, your standards will still be relevant and won't have to be recalculated everytime you change the batch size.
Does this help?
RE: STD Time Accuracy vs. Precision