Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order · Module 16 · Cost Planning
Resource rates
Lesson 166 of 188 · 13 min
Open Manage Resource Rates and create. Select the scenario, the plant and the resource, add a detail row with cost element, expense pool and rate, and set rates for the labour and equipment resources. Then show a resource with no rate, and the consequence, and verify against the resources list. A resource with no rate contributes nothing to cost. The roll-up succeeds and the cost is silently understated. Check every resource has a rate before rolling up — that verification is the first acceptance criterion in the lab. Rates come from Finance — a fully loaded labour rate, a machine rate including depreciation and power. They are not something you estimate. Rates are per plant. Two plants with different labour costs need two sets.
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order, with a certificate on completion and a fourteen-day refund window.