Production Cost Management
makes it easy to manage costs and profit, which are key to corporate management.
Features
  • It automatically calculates the cost by including the raw/sub materials and various incidental expenses to the production.
  • Provides Profit Status by industry and various reports related cost.
  • You can compare the costs registered in advance with the actual costs calculated after production, so you can plan ahead at what stage you need to reduce costs.
    Main Features
    • Cost accounting for your company
      • You can select the desired costing method (Average Cost Method, first-in first-out method, Last Purchase Cost Method) to calculate the monthly production costs of the product.
      • You can choose to calculate the consumption of raw/sub materials and semifinished products put into production on a BOM basis or in the actual consumption.
      • You can also choose to calculate the cost of outsourcing that is reflected in the cost, based on the cost of outsourcing already entered when creating the item, or as the actual cost of outsourcing.
      • In addition to outsourcing costs, labor costs, expenses, and import extra expenses can be reflected in costs by process/item.
    • Various Cost Related Reports
      • Based on the calculated cost, you can check the profit status by item and customer.
      • You can easily check the profit rate and the stock amount based on the sales/purchase slip without generating the cost, so it can be used in the retail business.
      • If you click on the cost amount, you can check the details of the basis on which the cost was calculated.
      • When costing with actual consumption, you can see yield variances compared to the registered BOM.
    • Advance Cost vs. Actual Cost
      • You can see the difference between the pre-production(expected) cost of the product and the actual cost after production.
      • It is possible to analyze the cause precisely by difference of Material Price Variance, Yield Variance, Labor Cost / Expenses / O/E Difference.
      • If the actual cost is higher than the preliminary cost, you must reduce the cost by finding the cause of the unexpected cost.
    Production Cost Management