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Cost for Raw Material, Machinery & Labor

Purpose -

Measures total production input costs to optimize expenses.

Operational Definition -

Total Cost of Raw Materials + Machinery Expenses + Labor Costs

Type of Metrics -

Driver

Function -

Product Development

Associate Function -

Product Development

Desired Trend -

Lower the better

Recommended Frequency - 

Monthly

External References -

https://opsdog.com/categories/kpis-and-metrics/product-development

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