The combination of bill-of-materials (BOM) and production routing details describes how each manufactured product is made. Both BOMs and routings are key to calculating the unique cost of your product. As complexity in manufacturing processes increases – multiple BOMs or recipes, material or equipment substitutions, and geographically diverse production locations – improving profitability requires accurate, detailed cost answers.
Even with ERP systems in place, finance teams are challenged with effectively managing BOM and routing information. You need a way to connect data from operations, engineering, quality, purchasing, and manufacturing to develop cost results that drive decisions around plant loading, materials purchasing, staffing requirements, and more.
ImpactECS can leverage production, alternate, planning, what-if BOMs, and routing data from existing systems or serve as the system of record to establish the solid foundation of data necessary to deliver granular, actionable answers.
With 93% of organizations currently engaged in, or planning programs, to improve the quality of their cost information, it’s no surprise that finance leaders are keenly focused on the effects of product costs on their overall performance.
Check out this recorded discussion featuring forward-looking finance leaders that have made a positive impact on their organization’s performance by understanding the rules, tools, and data necessary to make informed tactical and strategic decisions.