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Calculate Future WIP Cost

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John PowellMember for 7 years 3 months
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Hi,

I am trying to develop a working capital model for the startup I recently joined.

I am being asked to build a model to forecast cost of WIP at a given time in the future

I have Takt time, (current and future) cycle time, demand, material costs - Surely a combination of these will give me the answer?

Any advice would be greatly appreciated

Thanks,

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3 replies

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  1. 0
    Zoltan Palffy ·
    #1

    resource load each activity

    resource load each activity in the schedule with costs 

    this wil give you your anticipated WIP value

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  2. 0
    John Powell ·
    #2

    Hi ZoltanWhat do you mean

    Hi Zoltan

    What do you mean "resource load"?

    If it makes a difference; I'm working for a start-up and this will be our first production line - it isn't "running" yet beyond ad-hoc engineering trials

    Thanks

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  3. 0
    Zoltan Palffy ·
    #3

    I mean assign a resource for

    I mean assign a resource for each activity and assign the cost for that resource based on the activity being performed. 

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