05/05/2023 | News release | Distributed by Public on 05/05/2023 10:34
A manufacturing floor is a data and labor intense environment and optimizing resources and increasing productivity is always on top of the minds of shop floor managers and supervisors. By accurately capturing employee time charges, manufacturers can ensure better efficiencies on the shop floor and provide businesses true costs charged to manufacturing orders and projects.
Costpoint Shop Floor Time is an integrated time tracking, attendance and labor management solution designed specifically for manufacturers and companies who need to comply with U.S. Government contract regulations and Defense Contract Audit Agency (DCAA) audit requirements. As an integral part of Deltek's Costpoint solution, Shop Floor Time provides government contractors who are manufacturers a comprehensive system that meets their complex requirements.
Near real-time labor capture on the shop floor with automatic error detection is made possible with Shop Floor Time. This feature eliminates the need for manual data entry and provides a more accurate view of labor costs and productivity.
The labor tracking features of Costpoint Shop Floor Time include:
Costpoint Shop Floor Time also features a supervisor dashboard that optimizes the labor review process and improves productivity. This dashboard provides supervisors with an easy-to-use interface for monitoring current activities and tracking transactions in high precision, up to hundredths of hours (0.01 hours, or 36 seconds).
Organizations such as consulting firms, distributors, resellers, warehouse management companies and government contractors who are not manufacturers but want a system that allows their employees to card in and card out for different projects, track hours to the 100th of hours and want detailed labor tracking can effectively deploy Shop Floor Time which supports time collection via mobile devices at a project level. Tying labor hours back to specific project and/or product objectives enables a more layered view of resource allocation to assess productivity and efficiency for such organizations.
In summary, Costpoint Shop Floor Time is a powerful solution for manufacturers and companies that need to connect time spent to projects who must meet the stringent U.S. Government requirements. Its comprehensive features ensure compliance, accuracy, and efficiency in labor tracking, and its seamless integration with Deltek Costpoint's core accounting functions provides a single system of record for time, labor, and cost data.
If you are a government contractor who is a manufacturer or a non-manufacturing firm supporting government missions and are seeking tools to track time and labor for projects, you can access additional Deltek resources to learn more.
Check out this quick video to learn more about Costpoint and Shop Floor Time integration.
You can also schedule your own demo for Costpoint Shop Floor Time.