Real-Time Costing

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.

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
  
• More accurate grade recipes and standard product cost
  
• Improved calibration and reliability of flow meters