Product costing is central to the critical decisions manufacturers make every day – the products you make, the prices you charge, the tactics you implement to improve processes, and the strategies used to achieve the company’s goals.
Access to meaningful cost data is essential to protecting margins and growing profits. The Product Coster, powered by ImpactECS, is a cloud-based application designed to quickly calculate, analyze, share and maintain detailed, accurate and actionable product cost results.
“Costing and cost transparency: Helping finance create business value”, Deloitte
The Product Coster is designed to shift your costing process from just collecting data to making a real impact on your company’s performance. Our approach is designed to deliver in four ways:
Don’t base critical business decisions on inadequate and error-filled spreadsheets. Get access to summary cost and margin information for each SKU produced at a glance. Then, see the detailed cost results calculated using common cost categories like consumed/waste, fixed/variable, or cash/non-cash and custom attributes defined by you and are relevant to your company’s goals and strategies.
Turn any input or value into a simulation variant and unlock meaningful insights. Choose any of the four different simulation types – cost category, expense type, material or resource group, or a specific material or resource – and quickly determine the impact of the change. The Product Coster identifies the products that are affected by the change, re-rolls the cost values for those products, and provides results and how it compares to the baseline.
The Product Coster delivers more-accurate cost insights on products or orders that don’t exist today. Start from scratch, or choose an existing product, enter a few key attributes and quickly generate estimates for new products or customer quotes.