Plastics, Rubber & Glass
If you’re in the plastics, rubber or glass industries, you deal with volatility of raw material prices, costs of new equipment, amortization of tools and dies and changing labor rates. To remain competitive in an environment with a proliferation of products, short lead times and compressed prices, you must be able to calculate detailed cost and profits. ImpactECS connects existing data and systems to calculate detailed product costs and variances, determine profits by product or customer, run simulations for planning, analyze supply chains, or other important analytics activities.
Connect existing data from ERP and finance systems, manufacturing systems, data warehouses, or wherever data lives in your organization with business rules and assumptions to calculate the answers needed to both understand past performance and predict future outcomes with ImpactECS.
With ImpactECS, plastics, rubber and glass companies can:
- Calculate detailed product costs for each SKU by plant, time period, lot, batch or any other variant
- Create dynamic budgets by applying forecasted volume and mix with product and process costs
- Account for yield loss of raw materials and assign credits due to the reuse or sale of waste or scrap
- Analyze multiple scenarios including material, process or equipment changes
- Amortize unique tool and die setup costs across products manufactured using that configuration
- Integrate tightly with shop floor MES and process control systems
- Calculate line or route specific costs and meaningful blended costs based on the most appropriate driver
- Capture revenue information to determine product and customer profitability at multiple levels
- Track costs associated with virgin materials versus recycled materials
- Harmonize and view costs across multiple scenarios including material, process or equipment changes