Some Lost Time has not been accurately reported, LiveTracking pools this time and records it as Unreported.
In LiveTracking, when we talk about "unreported" values, we're referring to items that seem to be missing from our records. To figure out what's unreported, we use a simple formula:
Unreported = Sensor Count - Finished Goods - Waste - Rework.
Here's what each term means:
- Sensor Count is the total number of items (like bottles) we initially count with sensors. Think of it as our starting point.
- Finished Goods are the products that are successfully made and ready for sale.
- Waste includes any items that were spoiled or couldn't be used.
- Rework is about items that need to be fixed or processed again.
We measure everything based on the Sensor Count. However, Finished Goods, Waste, and Rework are adjusted with specific conversion factors to match the Sensor Count's unit. This is because we might count things differently at each stage. For example, we might count raw materials by weight but count the finished products by the number of boxes.
Let's use an example to make this clearer:
Imagine our sensors count 1000 bottles at the start. Then, we see that we have 100 cases of finished goods. If one case holds 10 bottles (this is the conversion factor), then our 100 cases also mean 1000 bottles. In this scenario, everything matches up perfectly, and we don't have any unreported items.
However, if our conversion factor was different – say, 1 case equals 9 bottles instead of 10 – then 100 cases would only account for 900 bottles. This would leave us with a discrepancy: 100 bottles are unaccounted for. These missing bottles are what we call "unreported." They could have been lost or wasted, but unless we categorize them as waste, they'll remain "unreported" in our tracking.
The idea is to make sure the numbers from each stage of the process add up, so we know exactly what happened to every item we started with. If there's a mismatch, it means something didn't go as planned, and we have unreported items that we need to account for.