Savings due to improved production efficiency

Direct Labor The creation of accurate, consistent time standards and process plans can improve production efficiency by up to 20%.  This is due to reduced scrap and rework costs resulting from the use of accurate information, better utilization of facilities due to improvements in capacity planning and scheduling and definition of the best manufacturing methods.
Direct Labor Cost $ 
Savings
Time Generation
Process Planning		 %
%		 $
$
Total Direct Saving $
Production Costs
Non-Labor Product Cost $ 
Savings
Time Generation
Process Planning		 %
%		 $
$
Total Indirect Saving $
Total Factory Cost Savings $