By Sachin Karadgi
This ebook describes how production firms, via reinforcing their current tracking and regulate of producing methods, can effectively face the ever-increasing strain from inner and exterior environments to take care of their aggressive virtue. a number of functionality dimension platforms were elaborated to fulfill those specifications, stressing the significance of monetary and operational metrics. It additionally highlights the truth that examine on producing and linking monetary and operational metrics, specifically in real-time, has now not garnered enough awareness thus far. The publication follows an process that integrates companies throughout varied degrees and departments. via computing and linking the monetary and operational metrics in real-time, the booklet demonstrates tips to supply a complete view of a complete enterprise.
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Extra resources for A Reference Architecture for Real-Time Performance Measurement: An Approach to Monitor and Control Manufacturing Processes
This cost assist to compare costs incurred during different period of time . 3. Direct cost represents “costs that can be specifically identified with an output” . 4. Indirect/overhead cost is stated as “costs of resources that are jointly or commonly used to produce two or more types of outputs, but cannot be specifically identified with any individual output or traced to a given cost object in an economically feasible way” . 5. Fixed cost is identified as “costs that remains unchanged in total for a given time period, despite wide changes in the related level of total activity or volume” .
10 Classification of accounting techniques and their purpose, adapted from . The classification has been extended to include Environmental Management Accounting (EMA) members should be supplemented with financial metrics , especially, highlighting the cost effectiveness of manufacturing processes . Thus, this will enable to link the financial and operational metrics in real-time. 4 Product Cost Accounting and Financial Metrics IEC 62264-1  lists the functions of product cost accounting as part of Level 4 and interacts with the functionalities of MES, especially with production control functionality.
1 Horizontal Integration The horizontal integration at the tactical level has received enormous attention, which is represented as Enterprise Application Integration Infrastructure in Fig. 6. The integration between applications during the early days of application integration was legacy point-to-point integration, which was complex when introducing new applications and managing the existing integration [72, 136]. By the late-1990s, the situation started to change with the introduction of Enterprise Application Integration (EAI) [72, 136].
A Reference Architecture for Real-Time Performance Measurement: An Approach to Monitor and Control Manufacturing Processes by Sachin Karadgi