What is 'earned standard' in SAP MFG-CAM - SAP Complex Assembly Manufacturing?

earned standard - Overview

• Component: MFG-CAM

• Component Name: SAP Complex Assembly Manufacturing

• Description: A comparison of the actual work complete against the original time standard estimate to determine how much work has been accomplished.

earned standard - Details

• 
  Key Concepts: 
  Earned standard is a term used in the MFG-CAM SAP Complex Assembly Manufacturing component. It is a measure of the efficiency of a production process, and is calculated by dividing the actual output of a process by the expected output. This measure is used to determine how well a production process is performing and can be used to identify areas for improvement. 
  
  How to use it: 
  The earned standard can be used to compare the performance of different production processes and identify areas for improvement. It can also be used to track the performance of a single production process over time, allowing for more accurate forecasting and planning. 
  
  Tips & Tricks: 
  When calculating earned standard, it is important to ensure that the expected output is accurate and up-to-date. This will ensure that the earned standard is an accurate measure of performance. Additionally, it is important to consider other factors such as quality control when evaluating performance, as this can have an impact on the accuracy of the earned standard. 
  
  Related Information: 
  The earned standard can be used in conjunction with other measures such as cycle time and throughput time to gain a more comprehensive understanding of production performance. Additionally, it can be used in conjunction with other metrics such as cost per unit or cost per hour to gain insight into the cost