Production Data and Costing: Designing the Smart Factory

Signs that change is needed

• Production data is managed manually or in inconsistent repositories.
• Equipment and IoT data are not effectively connected to operational systems.
• Cost-accounting procedures are excessively complex.

How Odoo addresses the problem

• MRP, work orders, quality and inventory are standardized to collect consistent shop-floor data.
• Equipment and IoT integration creates a foundation for automated production reporting.
• Standard, actual and work-order costs are calculated automatically and variances are analyzed.

Data design that connects to cost

• Connect demand forecasting with material requirements planning.
• Record material consumption and output by work order.
• Standardize the causes of defects, rework and scrap.
• Analyze standard-to-actual cost variances.

A phased maturity path

First establish reliable work-order and inventory data. Then expand AI into quality prediction and demand-to-production optimization.