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Calculate Future WIP Cost

3 replies [Last post]
John Powell
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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,

Replies

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

John Powell
User offline. Last seen 2 years 31 weeks ago. Offline
Joined: 20 Jun 2019
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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

Zoltan Palffy
User offline. Last seen 3 hours 40 min ago. Offline
Joined: 13 Jul 2009
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resource load each activity in the schedule with costs 

this wil give you your anticipated WIP value