Product Cost Management – a module of EPS’ comprehensive, turn-key Cost Management Suite – is a powerful module that empowers accounting and production management to focus on cost management, profitability and efficiency.
With timely and accurate cost information accounting and production managers will gain a clearer understanding of production costs.
Benefits of Product Cost Management include:
Supports harmonized cost management, ensuring that product costs can be compared across several manufacturing locations
Support for cost optimized production planning and scheduling, and purchasing
Makes the monthly closing process faster and more efficient
Easier reporting of inventory value and inventory reconcilement
Features and functionality include:
Standard product costing
Periodic actual costing
Short-term cost and consumption forecasting based on production schedule
Long-term cost and consumption forecasting based on production plan or sales forecast
Inventory valuation and reconciliation
For more information on EPS Product Cost Management, please contact us today!
Product Cost Management