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Manufacturing
Accounting
SBM
Cost Management provides the key capabilities manufacturing
companies need to effectively manage their manufacturing,
distribution and product development costs and by doing this, fully
understand their product and customer profitability.
Irrespective
of whether you operate in a 'discrete' Assembly or Process
Manufacturing
environment, SBM Solutions enable you to go beyond standard
costing and use actual costing to see the true profitability of your business.
-
Metal
& steel
- Pulp
& paper
- Pharmaceutical
& Chemical
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Semi
conductor
- Assembly
Manufacturing
- Food
& beverage
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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 SBM Cost Management's 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.
SBM
Cost Management 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.
SBM
Cost Management 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.
SBM
Cost Management 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.
>> Read
about Manufacturing Cost Accounting
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