What is earned standard in SAP MFG-DM-ME - Digital Manufacturing Execution?

SAP Term: earned standard

• Component: MFG-DM-ME

• Component Name: Digital Manufacturing Execution

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

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• Key Concepts: 
  Earned Standard is a feature of SAP’s Digital Manufacturing Execution (MFG-DM-ME) module. It is a tool that allows users to track and measure the performance of their production processes. It provides real-time data on the performance of each process, allowing users to identify areas for improvement and take corrective action. 
  
  How to use it: 
  Earned Standard can be used to track and measure the performance of production processes in real-time. It provides data on the performance of each process, including cycle time, throughput, quality, and cost. This data can be used to identify areas for improvement and take corrective action. 
  
  Tips & Tricks: 
  When using Earned Standard, it is important to ensure that the data being collected is accurate and up-to-date. This will ensure that the performance of each process is accurately measured and that corrective action can be taken quickly. Additionally, it is important to regularly review the data to ensure that processes are running efficiently and effectively. 
  
  Related Information: 
  For more information on Earned Standard, please refer to SAP’s Digital Manufacturing Execution (MFG-DM-ME) documentation. Additionally, there are many online resources available that provide tips and tricks for using Earned Standard effectively.