Calculate Future WIP Cost

J
John Powell 👤 Member for 6 years 11 months

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,

Z
Zoltan Palffy 👤 Member for 16 years 10 months

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

J
John Powell 👤 Member for 6 years 11 months

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

Z
Zoltan Palffy 👤 Member for 16 years 10 months

resource load each activity in the schedule with costs 

this wil give you your anticipated WIP value

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