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. Timely access to meaningful cost data is essential to protecting margins and growing profits.
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.
The Product Coster is designed to meet the needs of small and mid-market manufacturers struggling to get the deep cost visibility necessary to maximize profit growth. We focused on the capabilities you need when you roll up your sleeves to calculate and analyze product costs.
The application, powered by the ImpactECS Enterprise Cost and Profitability Platform, leverages nearly three decades of knowledge and experience building cost systems for some of the world’s leading manufacturers. Finance, operations and executive teams benefit from:
✓ Cloud-based Product Costing : Rapidly deploy robust product cost models in the cloud, eliminating the issues that come from spreadsheet analytics.
✓ Centralized Model Data : Maintain critical cost data in one location, or connect with existing ERP systems, to improve access and maintenance processes.
✓ Versioning & Scenarios : Create, maintain and compare multiple cost versions to compare results and inform decisions.
✓ Easy Reporting : Generate Excel-based reports and create views to share critical cost data across the company.
✓ Collaboration & Security : Provide access to users with role-based security to both secure data and track model activities.