Procurement Executives - Best in classProcurement Executives - Best in class Viking Foshan • YouViking Foshan • You

5 Cost Factors in a Factory Operation 
#FactoryCost   #operationalexcellence
-from Value Chain view
-4M+I
#technology #energy #transformation
 

•Man 

1Labor cost

2Administration Cost

•Material 

3Material Production Cost
4Material Logistic Cost

5Purchase  #purchasemanagement

•Machine
the way transfer the labor and material into the Customer Requirements

6 Transformation Cost:
6.1 Equipment Depreciation
6.2 Energy Cost
6.3 Facilities Cost

•Method 

7 Process Cost
8 IT/ERP Cost

9 Technology Cost
10 PDCA Cost:

Continuous Improvement is an investment #continuousimprovement

•Inventory & Wastes 

11 Stock cost & Space cost

12 7 typical Wastes #7wastes

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  Viking Foshan