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In variance analysis, direct material usage (efficiency, quantity) variance is the difference between the standard quantity of materials that should have been used for the number of units actually produced, and the actual quantity of materials used, valued at the standard cost per unit of material.
The material point method (MPM) is a numerical technique used to simulate the behavior of solids, liquids, gases, and any other continuum material. Especially, it is a robust spatial discretization method for simulating multi-phase (solid-fluid-gas) interactions.
Material efficiency is a description or metric ((Mp) (the ratio of material used to the supplied material)) which refers to decreasing the amount of a particular material needed to produce a specific product. [1] Making a usable item out of thinner stock than a prior version increases the material efficiency of the manufacturing process.
Microsoft Dynamics 365 is an integrated suite of enterprise resource planning (ERP) and customer relationship management (CRM) applications offered by Microsoft. [1] Combines various functions such as sales, customer service, field service, operations, finance, marketing, and project service automation into a single platform.
Material flow analysis (MFA), also referred to as substance flow analysis (SFA), is an analytical method to quantify flows and stocks of materials or substances in a well-defined system. MFA is an important tool to study the bio-physical aspects of human activity on different spatial and temporal scales.
In variance analysis (accounting) direct material total variance is the difference between the actual cost of actual number of units produced and its budgeted cost in terms of material. Direct material total variance can be divided into two components: the direct material price variance, the direct material usage variance.
[3] U.S. EPA's SMM lifecycle of materials and products from material extraction, manufacturing, distribution, use and end-of-life.. Sustainable Materials Management (SMM) represents a framework to sustainably manage materials and products throughout the entire lifecycle, from resource extraction, design and manufacturing, resource productivity, consumption and end-of-life management.
Domestic material consumption is a measurement of the total amount of material directly used in an economy, excluding hidden flows. DMC equals DMI minus exports (in economy wide material flow accounting ).