Real-Time Costing – a module of EPS’ comprehensive, turn-key Cost Management Suite – is a robust solution that can quickly make manufacturing locations more profitable. Real-Time Costing can be implemented in just four to eight weeks per process line, with a payback of only one to three months. Thanks to the turn-key nature of the solution, additional process lines can easily be brought on-line without assistance from EPS (after the initial implementation).
Real-Time Costing provides machine operators and production managers with immediate feedback on how their decisions impact the cost of production. Consequently, Real-Time Costing empowers process-level staff to be the first line of defense against inefficient, costly production practices and decisions, ensuring a more profitable and cost-effective operation.
costing software
Benefits of implementing Real-Time Costing include:
Realized raw material and energy cost savings
Identification of unprofitable products
Enhanced quality assurance and consistency
Detection of previously unidentified costs
Increased awareness among the production staff about how production decisions impact the cost of production
Supports continuous cost reduction efforts
Increased accuracy in standard product cost and recipes
Improved calibration and reliability of flow meters
Features and functionality include:
User configurable calculations for recycled losses (broke)
User configurable calculations for consumptions during production breaks
User configurable rules for validation of actual vs. standard costs and consumptions
Ability to set time-offsets for material consumptions per process tag
Generic process historian, production system and quality system interfaces using web service technology
Real-time costs and consumptions are available through web service interface and can be utilized by other applications
User-friendly, informative screens developed for production staff to be used on the manufacturing floor
Embedded graphical reporting engine for management analysis
For more information on EPS Real-Time Costing, please contact us today!
Real-Time Costing
costing software