Labor efficiency refers to the actual labor hours spent on producing goods or services in relation to the planned labor hours. It is often used as a measure of production process efficiency and can be calculated by dividing the actual labor hours spent by the planned labor hours. A high labor efficiency indicates efficient labor utilization, while a low labor efficiency may indicate inefficiency or delays in the production process.

Once BCO has been set up, you can start monitoring the budgets. The various BCO Dashboards serve this purpose. Budget control based on these dashboards is central to this article. In addition, a number of scenarios arising from the design of BCO are discussed.

The standard dashboard 'BCO Man-hours Monitoring' can be used to monitor the extent to which the set budgets correspond to the actual hours worked by your employees. See how productivity and hours efficiency have developed throughout the year and how they relate to what you have budgeted.

By creating an overview of the total number of working hours for an entire fiscal year, you determine your return on hours. This makes it possible to calculate your minimum hourly rate and you are able to better monitor your budgets. This article shows you how to create this overview.

Using the standard dashboard 'Employee Hours Analysis', you can analyze the hours recorded by employees. This provides insight into two key metrics: productivity and hours efficiency.

For describing the production process, operation steps can be entered from the 'Operations Management' table. A large number of properties can be set as default. Modifications within the production order are possible if desired.