Costing for manufacturing companies

While ProMetrics can be used to cost any product or business process, it provides the key capabilities manufacturing companies need to effectively manage their product development, manufacturing and distribution costs and fully understand their product and customer profitability.

Irrespective of whether you operate in a 'discrete' or process manufacturing environment, ProMetrics enables you to go beyond standard costing and use actual costing to see the true profitability of your business.

Metal & steel

Pulp & paper

Pharmaceutical

Food & beverage

Chemical

Semi conductor

Manufacturing

Distribution

Energy & utilities

Healthcare

manufacturers and capital intensive manufacturers with high research and development costs, continuously fluctuating material costs and complex, rapidly changing product lines, will realise significant benefits from ProMetrics sophisticated cost modeling capabilities as they enable them to use generic industry rules, dependency calculations, cost and time equations and data tables to translate simple inputs into sophisticated cost models that deliver accurate costs within minutes.

ProMetrics is unique in providing fully costed Bill of Materials, Recipe Management and Formulation Management capabilities as standard functions that are fully integrated in its Activity Based Process Model. Using these you can import and build on existing company product data and include by-products, quality choices, waste, yields and effluent disposal as well as materials, energy, resource and machine occupancy times in your standard, actual and forecast costs.

ProMetric's consumption based approach to costing enables you to examine capacity constraints and accurately forecast resource as well as material requirements. It also enables you to undertake variance analyses of material price and usage, mix and yield and machine occupancy and resource consumption. Using these you are able to empirically validate your cost models and identify where business improvements can be made on the basis of actual data.

ProMetrics uses machine occupancy times to calculate resource consumption costs and because of this, it is able to provide time based Profit Per Minute and Revenue Per Minute calculations for products, customers, work centres and process operations. Using these you are able to rank your products and customers in relation to the rate at which they deliver revenue, profit and Return On Assets and through this focus on the top performing areas of your business.