Labor Cost Tracking Lunch & Learn
Labor Cost Tracking in Small to Medium Manufacturing (SMM) using Data Analytics
Come listen to Dr. Bala Deshpande, industry leader in Predictive Analytics for Manufacturing and Author of Predictive Analytics and Data Mining (2014, Morgan Kaufmann). Learn new data analytics methodologies for Labor Cost Tracking in small to medium manufacturing (SMM) using open source and low cost tools.
Abstract: For many small to medium enterprises in manufacturing (SMM), the true cost of labor is a key performance indicator (KPI) of the business efficiency. In part production situations which involve machining, assembly, inspection and testing, a good portion of the production effort is dependent upon labor. However for many SMMs – particularly those engaged in contract manufacturing, the true cost of this labor is extremely difficult to accurately account for.
Target Audience:
- Small Business Owners, CXOs of Small to Medium Manufacturing Companies, Contract Manufacturers
Take Away:
- Understand how analytics can give you a deeply granular or a high level overview of costs stemming from labor.
- Discover how easy and cost-effective it is to implement analytics in your business.
Labor Cost Tracking in Small to Medium Manufacturing (SMM) using Data Analytics
October 15, 2015
11:30–1:00PM EDT
NCMS Headquarters
3025 Boardwalk Ann Arbor
Free Lunch Sponsored by SimaFore