Measures the production cost associated with each shift of operations.
What it Measures ?
How much each shift costs to run.
Relevant StakeHolders
Shift Manager, Finance Analyst
Why it Matters ?
Identifies cost variations by shift.
In-depth Use Case / Real-world Example
Cost to Produce by Shift analyzes how much it costs to manufacture products during different shifts (e.g., morning, afternoon, night). For example, if a factory incurs ₹10,000 in production costs for a 12-hour shift, the cost per shift is ₹10,000. By monitoring this metric, companies can identify inefficiencies in shift scheduling, labor costs, or energy consumption and take corrective actions to optimize costs.
Sample Formula
Production Cost per Shift Analysis