3C Software Participates in NRESC Chair Day
1 March 2005
FOR IMMEDIATE RELEASE
This yearâ€™s NRESC Environmental Design Engineering Chair annual Chair Day event was held at Ã‰cole Polytechnique de MontrÃ©al to promote their continued focus on process integration for the pulp and paper industry. The event, which was attended by many of Canadaâ€™s major pulp and paper producers, was a forum for discussing how technology and research in academia can improve performance in real-world mill environments. 3C Softwareâ€™s CEO Matthew Smith addressed the audience on the added value of an integrated cost system to ultimately improve profitability.
The focus of the enterprise cost system session focused on the changing requirements for remaining cost-competitive in an evolving market. Smith highlighted the traditional approach to cost management and the four critical needs to operate an effective cost management solution in todayâ€™s business environment:
- Holistic view of costs to include production, logistics, distribution and customer costs.
- Multiple sets of cost data to predict spending, indicate performance, develop targets, estimates future costs and establish a basis.
- Fully-integrated systems to incorporate accounting and production data to completely roll-up cost data
- True and transfer cost data analysis to eliminate distorted results and inaccurate P&Lâ€™s for products and/or locations
The Chair Day also included presentations by current graduate students describing their projects which all involve process integration concerns. Current student projects are incorporating cost modeling to develop a more complete understanding of the effects of integrated systems in mill environments. â€œBy working with the students at Ã‰cole Polytechnique, we can then expose industry leaders to the latest advancements in costing technology and processes for paper companies,â€ stated Smith.
About 3C Software
3C Software, developers of Impact:ECSâ„¢ and Impact:3CÂ®, was founded in 1989 and is a leader in detailed cost management systems for process manufacturers. Headquartered in Atlanta, Georgia, 3C Software serves clients in several manufacturing industries including automotive, textile and apparel, pulp and paper, semiconductor, chemical and rubber, and food and beverage. 3C Software’s rapidly implemented solutions work with all accounting methods, are simple to maintain, and handle unlimited calculations and variables. For more information about 3C Software, visit www.3csoftware.com or call 800-226-2036.