Statement: a correct cost price per hour for man and machine leads to insight into the order and operating result. Experience shows that in practice the order and operating result almost never match. You can prevent this. MKG contains the BCO module for this purpose: budgeting, control, optimizing. In this webinar you will be introduced to BCO. In half an hour you will be taken through the steps you need to take in MKG to create a realistic budget and an executable operating plan.

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.

BCO helps you to increase your insight into the financial situation of your company and puts you in a better position to determine your cost price. Do you have knowledge of cost prices and do you know the BCO modules? In this article you will find a step-by-step plan to easily set up BCO.

BCO stands for Budgeting, Controlling, Optimizing. BCO helps you increase your insight into your company's financial situation and enables you to better determine your cost price. By budgeting your hours and costs now, you will fully cover your business expenses for the coming year with direct and indirect hours, and you will maintain the alignment between order result and business result.

Budgets can be allocated to ledger accounts and distributed across the periods of the fiscal year. This can be done linearly, based on the realized figures from the previous year, or according to BCO working days. Cost centers can be utilized in the distribution process.

How many hours will I run my machines next year? What does that mean for man-hours? By entering a number of variables you can easily budget all your operations. Per period you can see the budget machine hours and the required man-hours at a glance. This article shows you how to budget your operations.

What does an employee cost me per hour and does his hourly rate still match the job group? You can answer these questions based on the workable hours by entering the labor costs of all employees for an entire fiscal year. In this article you can read how to determine the costs of your employees.

Based on the allocated budgets for all employees and all operations, you fill in the Occupancy Plan, a matrix in which you indicate who is expected to do what for the coming year. You use the Coverage Plan to divide all costs, except labor costs, over the direct and indirect operations and to divide all indirect hours over the direct operations.

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.