Product Costing

Product cost is only as good as the data behind it. Bills of material, routings, work center rates, material prices: each one changes on its own schedule, and a cost model is only accurate the moment all of them are current at the same time.

ImpactECS centralizes that data in one place. Standard cost, actual cost, target cost, simulated cost: multiple versions, built from the same underlying structure, so a change in one material price or one routing step flows through every version instead of requiring a separate rebuild.

That foundation is what makes everything else possible: allocations that assign cost accurately, simulations that test a change before it happens, and forecasts that hold up because the inputs are real.

Industrial Companies: Control Indirect Costs to Gain Profits

“Maintaining profits and growth is going to be very difficult. However, regardless of the larger economic environment, companies can take...

How to Strategically Cut Costs Across the Enterprise

There are several steps businesses can take to develop a structural process for an enterprise cost reduction program in a...

7 Fundamentals of a Successful Costing Methodology

For many businesses, spreadsheets are a large part of their costing reality and have proven to do more harm than...

Are You Benefiting from Your Cost Accounting Tools?

Companies that still rely on their legacy costing systems are putting themselves at more of a disadvantage then they probably...

Cost Management is Evolving With the Help of New Technologies

“Making effective cost management decisions—those that drive strategic value beyond just producing short-term savings—requires understanding how cost decisions flow through...

New Priorities For Modern Cost Management

According to Deloitte’s global cost management survey, cost reduction is now a global imperative, with 86% of global respondents saying...

Breaking Down the Barriers of Personalized Cost Visibility in Manufacturing

Customers are ever-evolving and gravitating towards more personalized products that meet their unique specifications. For manufacturers, meeting this demand for...

Is Cost-Plus Pricing Right for Your Business?

The idea behind cost-plus pricing is simple: the seller calculates all costs (fixed and variable) incurred in manufacturing the product,...

Costing for Complexity is…. Complex.

“In today’s fast-moving consumer goods environment, consumers demand an increasing degree of differentiation. Serving this need comes at a cost.”...

Contact us today to see how ImpactECS can help you.

Start your journey to better cost and profit insights with ImpactECS.