Product Cost Management – a module of EPS’ comprehensive, turn-key Cost Management Suite – is a powerful module that empowers mill and plant management to focus on cost management, profitability and efficiency like never before.
With the timely and accurate mill-level production and cost data, Product Cost Management enables mill management and accounting to be more productive and gain a clearer understanding of, and better handle on, production costs, mill profitability and future financial performance.
Benefits of Product Cost Management include:
Supports harmonized mill-level cost management, ensuring that product costs can be compared across several mills
Supports other mill-level activities vital to profitability, such as production planning and scheduling, purchasing and cash-flow management
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