Chemicals, Plastics and Rubber
Manufacturers in the Chemical, Plastics and Rubber industries face a multitude of cost related challenges including changing batch sizes and input streams, capital intensive dye and tooling investments, and complex compound recipe management. Adding to the complexity are costing issues related to unusable waste, reusable scrap, sellable byproducts, and intermediate work-in-process products that feed many different finished goods. ImpactECS helps companies in these industries use the available detailed production data to deliver costing results to make informed business decisions.
Whether you are a continuous commodity producer, a made-to-order custom manufacturer, or somewhere in between, the ImpactECS platform is capable of calculating detailed production-route-specific standard costs. These results give you the ability to properly plan and load manufacturing plants to produce goods at the lowest possible cost. ImpactECS can also provide a single, blended standard cost for each finished item produced to appropriately value inventories.
With direct connectivity to shop floor and historian systems, ImpactECS is able to produce low level actual cost results that are compared to standard costs to create meaningful views of production and cost variances. This level of operational variances combined with classic ImpactECS produced general ledger-based spending variances give you a full view of costs from a Standard and Actual perspective.
Companies in chemicals-related industries often produce a large number of finished goods that have unique product costs. By using the templates functionality in ImpactECS, you can quickly calculate costs for your entire product catalog using data available from external product master data systems. These templates are also useful in the product development process by allowing users to quickly create cost estimates and perform what-if scenarios.