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Production Cost Management

ECOUNT ERP, production cost management allows one to manage the costs and profit, with various reports to review details.

Features

  • ECOUNT ERP automatically calculates your costs including the prices of raw/sub materials consumed in manufacturing and various incidental expenses in the production cost management module.
  • Various cost-related reports such as Profit Status by Customer are available.
  • Compare the costs generated in advance with the actual costs calculated after production, you can build plans on in which process you're going to reduce cost.

Main Features

  • Various Costing Method to Suit Your Company

    • Select among various cost calculation method (Average Cost, FIFO, Last Purchase Price) to suit your company and calculate monthly production cost.
    • Set whether to calculate the quantity of consumed materials based on BOM, or to use the actual consumed quantity data.
    • As for outsourcing expenses to apply in costing, you can select whether to calculate based on the O/E Price pre-entered in item setup or to use the actual outsourcing cost data.
    • Track outsourcing expenses to apply in costing, you can select whether to calculate based on the O/E Price pre-entered in item setup or to use the actual outsourcing cost data.
  • Various Cost-related Reports

    • The production cost management allows one to calculated costs and view the profit status by item and customer.
    • Without having to create costing, you can easily view the profit amount and ratio based on sales/purchase data, which can be helpful to retailers and distributors.
    • Clicking the cost amount, you can view the detailed data on which the cost calculation is based.
    • Creating a cost based on the actual consumed quantity, you can view the yield variance based on the comparison with the registered BOM.
  • Estimated vs. Actual Cost

    • View the difference between the pre-production(estimated) cost and the actual(post-production) cost.
    • The cause of variance can be analyzed within the program by various factors such as Material Price Variance, Yield Variance, Labor Cost / Expenses / O/E Price can be created by production cost management.
    • If the actual cost is higher than the estimated cost, you can analyze the cause of the additional cost and plan how to reduce cost.
Production Cost Management