As product designs change, operational processes improve, service needs change and new suppliers are found, you must be able to determine the cost impacts quickly and accurately. You need to know what actions should be taken to correct problems and when to adjust prices for profitability or market share. This manufacturing ERP costing module is designed to help you accomplish this, regardless of the size of your operation.
GLOVIA G2’s Costing module meets the needs of businesses whose products and services are supplied through both internal resources and from outside suppliers. Seven cost types can be used to create, model, and track costs throughout a product or service’s life cycle. The Costing module allows you to create simulated cost models for evaluation and analysis without affecting current operations or book values.
By accurately recognizing the true components of cost, the GLOVIA G2 elemental costing capabilities provide the critical visibility needed for effective cost control. Each item’s cost can be broken down into up to 24 cost elements that include material, material overheads, machine set-up and run time, labor set-up and run-time, fixed and variable labor/machine overheads, outside processing, shrink/yield/scrap, and freight. Additionally there are multiple user-defined cost elements. Additionally for each transaction conducted the financial posting for each specific cost element can be directed to a different financial account within the General Ledger.
Cost roll-ups can be conducted using current or simulated data.
Cost roll-up capabilities are used as a planning tool for viewing projected costs and analyzing the impacts of changes to bills of materials, routings, and cost center rates. The system automatically saves the product structures and other source information used in the cost roll-up process. This provides data for a full cost roll-up analysis as well as back-up records for a complete audit trail, detailing any accounting impact.
Exception reports identify missing costs and any incomplete data that may lead to incorrect costing results (i.e. missing routings, BOM’s, Labor rates, etc.).
Cost roll-over capabilities provide a full comparative and valuation analysis so that the impact of the roll-over can be fully assessed before the roll-over. The ability to roll-back to the previous standard provides a safety net in the unlikely event that a roll-over be viewed as unacceptable and needs to be reversed.
The item cost records in GLOVIA G2’s Costing ERP module are structured to show a hierarchical view of the costs for each item’s subassemblies, components and tasks. At each level of the item, the relationship of the materials used may be associated with the value-added costs of manufacturing or service delivery. This provides the means to value an item or service accurately as it progresses through the sequence of operations.
Contact FUJITSU GLOVIA for more information about GLOVIA G2’s Costing ERP module.
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