Metal Industry

The EPS Cost Management Suite is designed for the metal industry with numerous functions and features developed for its specific cost management needs. The EPS Cost Management Suite has three modules: EPS Real-Time Costing, EPS Product Cost Management, and EPS Transportation Cost Management.

The EPS Real-Time Costing module empowers mill operators to be the first line of defense against inefficient and costly production practices. EPS Real-Time Costing accomplishes this by providing operators and production managers with immediate feedback on how their decisions impact the cost of the metal products being produced.

EPS Real-Time Costing can be implemented as a stand-alone module or in conjunction with one or both of the other two modules in the EPS Cost Management Suite.

The EPS Product Cost Management module has metal industry specific functionality for:

  • Raw material and energy price management
  • Standard product costing
  • Recipe and specification management
  • Actual product costing
  • Short-term cost and consumption forecasting based on production schedule
  • Long-term cost and consumption forecasting based on production plan or sales forecast
  • Material usage and Variance Analysis
  • Multi-language and multi-currency for international companies
  • Supports company-specific terminology
  • Web based application for easy deployment and access throughout the company
  • Windows .NET application for good performance and easy integration

EPS Product Cost Management supports metal companies to harmonize their cost management process to ensure that costs can be compared across mills. The module also improves the accuracy, timeliness and increases the level of detail in the grade costing to better support production planning, financial forecasting, and product sourcing decisions. Significant time and resource savings during the monthly closing process and during the yearly budgeting process can be expected after implementing this module.

The EPS Transportation Cost Management module helps transportation and supply chain managers to gain control of the transportation costs. The module makes it possible to budget freight costs, monitor the effects of transportation decisions, and track cost variances.

EPS Transportation Cost Management administers the mix of factors that drive supply chain planning and control decisions, and it provides precise measurements of how specific components of the transportation cost mix affect the overall budget and forecast.

To effectively control transportation costs, EPS Transportation Cost Management examines key cost drivers including: destination mix, source factories and warehouses, transportation routes, modes of transport, carriers, freight rate, fuel surcharges, and exchange rates, among others.

EPS Transportation Cost Management helps metal companies to identify and explain factors that are at variance with expected levels as a first step to reduce transportation spending and increase effectiveness.

For more information regarding the EPS Cost Management Suite for the metal industry, please contact us today!