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Manufacturing
Cost Accounting
SBM's
Manufacturing Cost Accounting delivers
product
costing,
profitability
analysis and
decision support software to manufacturing companies of all sizes
and in all sectors. Using its Activity Based Process Model you can
build cost models of even the most complex manufacturing
processes
and, because the system understands the business logic of how
activities, materials and components are consumed, you can see at the
touch of a button how costs are accumulated and profitability eroded
by non value added activities during the manufacturing, sale and
distribution process.
SBM's
Manufacturing Cost Accounting solutions will
help you:-
>
Identify your core, most profitable products and customers
>
Optimise your product and customer mix
>
See where non value added processes are eroding profitability
>
Identify unused capacity and potential bottlenecks
>
Maximise Retrurn On Investment and Return On Assets
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More
They
enable you to:-
> Use
any method of costing.
> Track
Cost Variances between products and manufacturing locations.
> Store,
retrieve and analyse costs over costing periods that you define.
> Maintain
product cost and profitability information at the branch and plant level
>
Track transfer prices and eliminate inter-company margin
> Maintain
rolling Budgets and Forecasts
> Analyse
Product and Customer Profitability.
and
with SBM's
Manufacturing Cost Accounting's planning
and simulation
components
you can also
model
the effects of changes to prices and the availability of resources,
generate output based requirements plans and examine operational
constraints and supply chain strategies - everything you need for
effective decision support and cost management.
Use
any method of costing. Standard
Costing, Actual Costing and Weighted Average Costing are fully
supported as well as Activity Based Costing, Time Driven ABC and
Resource Consumption Accounting. So you can use the method that is
right for your business and effectively manage your Product Costs.
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Track
Cost Variances between products and manufacturing locations. The
analysis of the variances
between actual production costs and standard and budget costs
enables you to empirically validate your cost models and also
identify where business improvements can be made on the basis of
actual data.
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>>
More
About Variance Analysis
Store,
retrieve and analyse costs over costing periods that you define.
Add to this a unique approach to cost
analysis
that enables you to allocate user defined analysis dimensions,
analysis codes, analysis types and an unlimited hierarchy structure
to each resource, activity, product and primary cost element and you
have a system that is fully in line with your company's analytical
accounting structure and shows you instantly how changes to prices
impact costs and profitability
and the overall performance of your business.
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>> More
about Cost Analysis
Maintain
product cost and profitability information at the branch and plant level and
allow for different costs at different locations for identically
manufactured products. You
can calculate costs both by and across locations, analyse costs at
the local and divisional level, compare costs between locations and
consolidate costs by product group and manufacturing location.
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Track
intercompany margin and transfer prices.
Generate
and evaluate Manufacturing Budgets.
Budget management enables you to set up strategic cost and profit
management procedures and move from the extrapolation of historical
data to scenario based forward planning. You can create both
departmental and product mix driven forecasts and using sales
projections, forecast price changes and the planned availability of
activities and resources, create rolling and fixed period projections
of your company's financial requirements.
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>> More
about Manufacturing Budgets
Analyse
Product and Customer Profitability. By
providing profit analysis metrics that range from Profit Per Minute and
Return On Assets
to the classical
gross to net margin analysis,
SBM's Profitability
Manager
gives you a close up view of all of the component elements of your profitability.
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>> More
about Profitability Analysis
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