What is 'scrap level' in SAP IS-MP - SAP for Mill Products?

scrap level - Overview

• Component: IS-MP

• Component Name: SAP for Mill Products

• Description: Mill Products Industry Solution An economic specification limit. If a cable falls below this value that is, if it is too short, it is recommended for scrapping.

scrap level - Details

• 
  Key Concepts: 
  Scrap level is a term used in the IS-MP SAP for Mill Products component. It is a measure of the amount of scrap material that is produced during the manufacturing process. It is expressed as a percentage of the total production output. 
  
  How to use it: 
  The scrap level can be used to measure the efficiency of the manufacturing process. It can be used to identify areas where improvements can be made in order to reduce the amount of scrap material produced. It can also be used to compare different production processes and identify which one is more efficient. 
  
  Tips & Tricks: 
  It is important to monitor the scrap level on a regular basis in order to ensure that it remains within acceptable levels. If the scrap level increases, it may indicate that there are problems with the production process that need to be addressed. 
  
  Related Information: 
  The scrap level can also be used to calculate the cost of production. This can help companies determine how much they are spending on materials and labor in order to produce a certain product. It can also help them identify areas where they can reduce costs in order to increase their profits.