DATASHEET
LABOUR COST
VARIANCE PLUG-IN
DATASHEET
Better Align Standard and Actual Costs;
Easily Address Imbalances
In today’s competitive marketplace, manufacturing organisations like yours
are struggling to get visibility into the areas of the business that impact
their bottom line. You need insight into productivity costs, profitability, and
the ability to compare production with what is happening in your workforce.
Key Benefits
In order to stay competitive and maintain efficiency standards, manufacturers
need to control the variance between standard costs and actual costs.
When actual costs are significantly higher than standard costs, you could
be experiencing production inefficiencies that negatively impact your
profitability. And when actual costs are significantly lower than standard
costs, there may be an opportunity to lower production cost standards and
price your products more competitively.
>>GET ON-DEMAND VISIBILITY into consolidated workforce and operational data
But too often, your ability to identify and act upon these labour variances has
been just out of reach, made more difficult by time-consuming requirements
for integrating data from disparate or multiple systems. The data is there,
whether in workforce management solutions, ERP or production systems.
What you need is the means to pull the resources into a central dashboard
for analysis and decision making.
>>GAIN VALUABLE INSIGHT into trends,
issues, and anomalies to drive continuous improvement
>>MAKE INFORMED DECISIONS based
on historical analysis and up-to-date
metrics
Get visibility into actual vs. standard costs
The Labour Cost Variance Plug-In, powered by Workforce Analytics™, takes your
organisation’s Workforce Central® data and combines it with third-party data from
ERP or other production sources. The result gives executives and managers visibility
into your most critical information: cost. The Labour Cost Variance Plug-In is a
manager’s one source for determining how well standard costs and actual costs are
aligned, and addressing areas that are unbalanced to quickly resolve discrepancies.
The Labour Cost Variance Plug-In gives managers insight at multiple levels and
views, including cost center, shift, and position. This ability to slice the data in
multiple ways means that managers can easily determine where the variance is out
of alignment.
System requirements
Workforce Analytics 7.0.4 or above.
The Kronos Labour Cost Variance Plug-In is developed and delivered to a client pursuant
to a Professional Services engagement with Kronos or Kronos partners. Number of
hours and billable rates applicable to the engagement may vary based on development,
configuration, customisation, and implementation parameters requested by the client
and required by the facts and circumstances of the engagement.
Managers can easily see labour variances on the
plug-in dashboard.
LABOUR COST VARIANCE PLUG-IN
Shift 1 shows a significant variance over standard costs.
Operator 1 is consistently over standard costs week to week.
Ready to take the next step?
Find out more about how the Labour Cost Variance Plug-In can help executives and managers at all levels of your organisation
get insight, predictions, and guidance to better solve your workforce challenges. Contact a Kronos sales representative or visit
http://www.kronos.co.uk/labour-analysis today.
Kronos Systems Limited
Kronos House
2 Carey Road
Wokingham, Berkshire RG40 2NP
0870 920 6000
www.kronos.co.uk
© 2015, Kronos Incorporated. Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. For a full list of
Kronos trademarks, please visit the “trademarks” page at www.kronos.com. All other trademarks, if any, are property of their respective owners. All specifications are subject to change. All rights reserved
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