At their core, Material Resource Planning processes convert sales or demand forecasts into production plans to determine the materials and labor required to make and deliver your finished goods. Having too many inventory items on hand is expensive, but not having enough can lead to shortages, and ultimately, to production and delivery disruptions. Enabling a solid materials planning program will improve your ability to unlock the supply/demand balance necessary to limit costs.
ImpactECS offers the ability to enable dynamic materials planning processes that can adjust to shifting market demand, inventory levels, substitution options, and supply chain disruptions. With deeper visibility into the costs of your inbound materials, you can drive informed cost reduction and optimization programs that focus on the real drivers of sourcing and procurement costs.
Knowing the unique cost of each product you make doesn’t have to become a spreadsheet exercise. Learn the questions to consider when evaluating your product costing program, and see the benefits of an integrated product costing platform that connects data and systems with your unique business rules. Then unlock the power of scenario analysis in costing to improve your planning capabilities.