Actual Finish Date

CIOP training and certification program is delivered over 90 hours of classroom/online training in corporate and retail batches. The uniqueness of this program is that it addresses the modern supply chain trends without loosing the traditional aspects. This program prepares the participants for supply chain management in 2025 and beyond by infusing the learnings need in the areas of industry 4.0 such as Internet of Things (IoT), Blockchain, Artificial Intelligence (AI), Machine Learning (M/L) and Robotic Process Automation (RPA). It also deals with process improvement philosophies, methods, and tools such as Microsoft Visio. The program deals with almost 50+ supply chain analysis techniques.

A Production Number (PR) or Actual Finish Date is an indicator as to the inventory levels for a particular product. The inventory level of a given item indicates the current demand for that item and the expected demand as well as a potential opportunity for future growth. 

Actual Finish dates are frequently used in order to determine the amount of finished goods an item in inventory should have at a particular point in time. This information is often used by vendors as it assists in reducing the costs of raw materials, labor, and manufacturing. For additional information on how actual finish date is determined, see Actual Finish Calculations

Work Entry Date is the date that work began on any facility-related projects, regardless of its nature. The term Work Entry Date is typically used to determine the date of the initiation of any project work. Actual Finish Date is used to determine the actual end date of any planned project work, such as construction, demolition, remodeling, or major repair. In some cases, however, planned production runs exceed the planned work entry date.

The terms Actual Finish Date and Work Entry Date are typically used in the calculation of any one of the quantities described above, including inventory, manufacturing, and/or labor cost. An accurate calculation of any one of these quantities will depend on all of the other quantities that are involved in that calculation, such as the cost of materials, the amount of time needed to complete the task, and the extent of the task's complexity. It is important to note that the precise definition of each of these quantities is determined by the particular type of job, project, or industry. Therefore, if a vendor or other organization needs more assistance calculating its specific quantities, contact a vendor who is experienced with the job it represents.

Related Articles

Actual Finish Date (AF)
Understand Actual Start and Actual Finish Dates
Actual Finish Date Calculation Behavioral Change since Maximo
SAP Coois Actual Finish Date Tables
Finish Date Article