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 labor costing


Project Costing for Maximum Profitability
By implementing timekeeping solutions for costing, organizations obtain valuable insight into project profitability. Project-oriented timekeeping data is also

labor costing  to capture and analyze labor data. Some companies use paper and spreadsheet programs to track costs and time spent on various projects, but these methods have proven to be problematic. The data is often incomplete and/or incorrect, and most manual methods require extensive man-hours to input, filter, and organize the data. Additionally, these methods significantly limit company-wide access to timely data and reporting capabilities. Manual Methods Result in Costly Mistakes In addition to the drawbacks of l

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Browse RFP templates

Visit the TEC store for RFP templates that can save you weeks and months of requirements gathering, and help ensure the succes of your software selection project.

Browse Now
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Small Business Software (SBS)

The Small Business Software (SBS) evaluation model targets functional requirements for fully featured solutions designed to support all business requirements of a typical small business. Extending beyond mere accounting functions, it is primarily applicable to those businesses for which full-scale ERP software may be too complex or cumbersome. However, the model of SBS solutions includes all the essential categories such as General Ledger, Accounts Payable (A/P) and Accounts Receivable (A/R), Payroll, Job and Project Costing, Multinational Accounting, Light Manufacturing, Inventory, Technology, and much more. 

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Documents related to » labor costing

Quoting and Costing for Multiple Units of Measure


A common need of plastics producers is real-time shop floor production monitoring. This serves many purposes, including tracking cycles on tools or machines, data collection, precision measurement, analysis and reporting, gage management, and material usage and labor tracking.

labor costing  material prices, overhead, and labor or machine rates often also have to be factored into the re-quoting process or considered actual or standard costs, and users should be able to selectively update quote prices within the system or use mass update features. Bag and Film Quoting Related to some of the plastic processing methods detailed in Differing Plastic Flavors is DTR 's Bag and Film Quoting capability, specially designed for film extruders, flexography printers, gravure printers, extrusion laminator Read More

Case Study: Material and Labor Cost Categories Defined for Young Electric Sign Company


By implementing a job costing and enterprise resource planning (ERP) system designed for discrete manufacturing, Young Electric Sign Company (YESCO) was able to save almost $250,000 (USD). Managers now have more accurate views of job completion and employee performance. Plus, the system’s ability to sort service contracts by region enables YESCO to be more responsive to its customers. Learn about the other benefits.

labor costing  Study: Material and Labor Cost Categories Defined for Young Electric Sign Company By implementing a job costing and enterprise resource planning (ERP) system designed for discrete manufacturing, Young Electric Sign Company (YESCO) was able to save almost $250,000 (USD). Managers now have more accurate views of job completion and employee performance. Plus, the system’s ability to sort service contracts by region enables YESCO to be more responsive to its customers. Learn about the other benefits. Read More

Five Reasons You Can’t Afford to Postpone Your Labor Management Project


The adage “you can’t manage what you can’t measure” is true of many things in warehouse management, but perhaps nowhere more so than for the productivity of your workforce. Payroll is typically the largest single expense in the warehouse, and so many companies are using warehouse management systems (WMSs) and other technologies to do more in less time. But a labor management solution might do more for you—find out how.

labor costing  for managing and planning labor activities. In addition to product information, the WMS provides the LMS with tasks such as pick plans, and activities such as shipping, receiving, etc. The LMS can then calculate time for each task or activity and provide real-time and historical visibility to actual vs. standard. Here's a look at key measurement terms: Engineered standards : These are objective benchmarks created to measure individual or team performance utilizing a scientific method. There are different Read More

Work Technology Corporation


WorkTech provides labor management software systems for complex organizations, integrated with all leading ERP and EAM systems. Serving the energy sector, public and private utilities, manufacturing, and facilities management, WorkTech's software can automate 100% of a company's pay rules. With 20 years of experience in these sectors, WorkTech delivers sound products and consulting to its clients so that they obtain a significant return on investment every time.

labor costing  Technology Corporation WorkTech provides labor management software systems for complex organizations, integrated with all leading ERP and EAM systems. Serving the energy sector, public and private utilities, manufacturing, and facilities management, WorkTech's software can automate 100% of a company's pay rules. With 20 years of experience in these sectors, WorkTech delivers sound products and consulting to its clients so that they obtain a significant return on investment every time. Read More

Buying FOSS Development Labor Online


I received an e-mail notice today about Cofundos, a "community innovation @ funding" site, which launched last week. Cofundos looks like one possible solution to an often murky area in the open source software space: how to continue fueling development. Suppose you find some open source software useful but it doesn't have commercial backing devoting regular developers (for example, Red Hat or

labor costing  FOSS Development Labor Online I received an e-mail notice today about Cofundos , a community innovation & funding site, which launched last week. Cofundos looks like one possible solution to an often murky area in the open source software space: how to continue fueling development. Suppose you find some open source software useful but it doesn't have commercial backing devoting regular developers (for example, Red Hat or Compiere ) to its well-being, and suppose you don't want to employ developers Read More

Integrated Workforce Management (WFM) Platforms: Fact or Fiction? - Part 2


Part 1 of this blog series analyzed the major modules of integrated workforce management (WFM) suites that organizations can deploy to better schedule and assign work in their production and distribution facilities, and in retail stores. Concrete examples of commercially available products included those from Kronos and RedPrairie Corporation, given those two vendors’ notable

labor costing  schedules based on forecasted labor demand by considering the staffing needs, employee skill level/availability, and work rules (and by possibly sharing resources across stores and other facilities). Similar principles were explained in my recent series The Magic Behind Planning and Executing (Optimal) Service Supply Chains , which focused on the field service workforce. In fact, with its recent acquisition of AiPoint ’s  shift planning  capabilities, ClickSoftware Technologies hopes to expand beyond Read More

WorkForce Software, Inc.


Located in Livonia, Michigan (US), WorkForce provides enterprise class, web-based time and attendance, and labor management software for large employers. It is a privately-held company.

labor costing  time and attendance, and labor management software for large employers. It is a privately-held company. Read More

Labor Utilization Scorecard


If you want to maximize project and company profitability, you need to examine your current resource utilization processes to identify profitability “leakage” in your labor utilization management. Review the Labor Utilization Scorecard to determine where you currently experience gaps and see how a business automation system can help you close those gaps and maximize project and company resource and services profitability.

labor costing  profitability “leakage” in your labor utilization management. Review the Labor Utilization Scorecard to determine where you currently experience gaps and see how a business automation system can help you close those gaps and maximize project and company resource and services profitability. Read More

Chemical Products


Globalization, regulation, the shape of the macroeconomic landscape, and the high cost of labor and raw materials are just a few of the major challenges that companies from the chemical products industry have to face. Chemical product manufacturing is also an energy-intensive process, making it difficult for companies in this industry to "go green" and remain compliant with environmental regulations. To stay competitive, companies in the chemical products industry must find innovative ways to reduce their dependence on energy resources, and conduct ongoing research and development (R&D) to improve existing products and bring new products to market ahead of the competition.

labor costing  the high cost of labor and raw materials are just a few of the major challenges that companies from the chemical products industry have to face. Chemical product manufacturing is also an energy-intensive process, making it difficult for companies in this industry to go green and remain compliant with environmental regulations. To stay competitive, companies in the chemical products industry must find innovative ways to reduce their dependence on energy resources, and conduct ongoing research and Read More

How Effective Project Management Leadership Enabled the Logistics Industry to Reap Large Rewards, Part 2


Emerging Trends in the Logistics and Distribution Knowledge Areas 1. RFIDRFID technology is the hardware used to communicate information (typically bar code information) to computer software systems that gather and use the data (such as a WMS). The manufacturing of RF equipment is dominated by several market leaders that typically go to market through various distribution channels, including

labor costing  (such as WMS) 4. Labor Productivity Systems A labor productivity system is a solution that predicts and monitors the amount of direct warehouse labor required to execute warehouse operations, such as order-picking and stock movement activities. These solutions are closely coupled with the WMSs that generate the work to be done. For this reason, most labor productivity software is an extension of a high-end WMS solution. To predict the labor time required to execute tasks, engineered labor standards are Read More

Small Business Software (SBS) RFI/RFP Template


General Ledger, Accounts Payable, Accounts Receivable, Payroll, Inventory, Job and Project Costing, Fixed Assets, Sales Management, Budgeting, Manufacturing,  Product Technology

labor costing  Business Software (SBS) RFI/RFP Template The Small Business Software (SBS) RFI/RFP Template lists and describes  2853 features and functions  found in Small Business Software (SBS) software solutions. This Small Business Software (SBS) Template can help you save time, control costs, and communicate clearly with vendors at nearly every stage of your Small Business Software (SBS) software selection projects. Features and functions included in this Small Business Software (SBS) Template: General Ledger Read More

Enterprise Process Improvement (EPI) Software: Customer and Software Vendor Collaboration


Having just completed implementing your enterprise-wide software, you are about lean back, put your feet up on the desk, and enjoy the fruits of your labor. Not so fast! While you were completing your implementation project, a new release of the software may have already hit the street or, for sure, there is one in the pipeline. Now you are faced with the decision as to if and when to take on the new release. Maybe now is the time to look at how a new class of software tools, enterprise process improvement (EPI), can assist you in the upgrade decision.

labor costing  be performed again. Internal labor resources must be re-committed to implementation and support tasks such as piloting the software, retraining users, converting data from external systems, modifying custom reports for data elements changes, and re-applying enhancements. Perhaps to a lesser degree than their involvement in the original software implementation, the use of vendor consultants is usually required and highly recommended. If you can resurrect the original project team, you may be able to Read More

Reflexis Systems Announces Record Customer Growth in First Half of 2012


It appears that Reflexis has been aggressively bundling/cross-selling its newer WFM modules into its traditional breadwinning task management deals to try to achieve a wider market acceptance.  The Reflexis platform of integrated task management, key performance indicators (KPI)-based compliance, time and attendance (T@A), and labor scheduling (including budgeting and forecasting) solutions

labor costing  and attendance (T&A), and labor scheduling (including budgeting and forecasting) solutions enables retailers to align store labor activities to corporate goals and institute best-practice response to real-time metrics. We might still want to note that what may appear to be 22 new customers is “only” 22 new brand logos that belong to 6 existing retail holding corporations that Reflexis has had for a while. Now, it’s certainly possible that some of these deployments have been extended over time, but Read More

Not Small Change: World-class Financial Automation Delivers Dramatic Benefits


Automating finance processes—such as closing the books, reporting, and other labor-intensive processes—reduces finance costs. By streamlining financial processes, you can spend more time on higher-value responsibilities and help ensure your company has a competitive advantage. Find out about the financial solutions many financial managers are implementing to automate their financial processes and financial transactions.

labor costing  accounts payable and other labor-intensive processes reduces finance costs. By streamlining finance processes, finance professionals can spend more time on higher value responsibilities. A streamlined finance department provides more forward-looking decision support and strategy guidance to the business. The more nimble the finance department, the better prepared a company will be to identify and take advantage of opportunities and deal with unexpected challenges. Financial value chain automation gives Read More