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

SAP Term: earned standard

• Component: MFG-ME

• Component Name: SAP Manufacturing Execution

• Description: Labor standard that has been awarded. Earned standards result from one of the following: The system awards standards to the user automatically, such as upon completion of an operation; The user claims standards, and after the processing the request, the system awards standards to the user.

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• Key Concepts: 
  Earned Standard is a feature in SAP Manufacturing Execution (MFG-ME) that allows users to set and track production standards for their manufacturing operations. It enables users to define the expected performance of their production processes and measure actual performance against those standards. This helps to identify areas of improvement and ensure that production processes are running efficiently.
  
  How to use it: 
  To use Earned Standard, users must first define the standard they want to set for their production process. This includes setting the expected output rate, cycle time, and other parameters. Once the standard is set, users can then monitor their production process and compare actual performance against the standard. This allows them to identify areas of improvement and take corrective action if necessary.
  
  Tips & Tricks: 
  When setting a standard for your production process, it is important to ensure that it is realistic and achievable. Setting an overly ambitious standard can lead to frustration and decreased motivation among employees. Additionally, it is important to regularly review and update your standards as needed in order to ensure that they remain relevant and effective.
  
  Related Information: 
  For more information on Earned Standard in SAP Manufacturing Execution (MFG-ME), please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_MANUFACTURING_EXECUTION/6.2/en-US