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.

What does it cost us to produce this product?

  Sound familiar?  This question is asked countless times by a variety of people inside a business – operations accounting,...

Top Eight Warning Signs You Have a Dysfunctional Costing System – Part 1

Last week I was sitting at my desk trying to think of a blog topic, and the ideas were coming...

It’s the Cost!!!

  Today I met with finance and operations managers for a manufacturing company that didn’t really understand the unique costs...

Don’t Force Your Managerial Accounting Process into a Transactional System

I have spent the majority of my technology career in the Manufacturing Computer Systems space and have been most impressed...

Black Boxes: Great for Airplanes, Terrible for Forecasting

We’ve all heard of black boxes on airplanes that track critical flight data. Without discrimination, the black box records everything...

What’s more important, standard costs or actual costs?

Professors Jennifer Dosch, CMA and Joel Wilson, CPA, recently published an article in Strategic Finance Magazine discussing the differences between...

How have the changes in the world economy affected how your company views cost management?

A recent article published by Jonathan Schiff and Allen Schff discussed the importance of cost leadership to tackle these challenging...

How important is forecasting to the cost accounting function at your company?

Most people associate cost accounting with analyzing past events – calculating actual costs, analyzing yields and variances, and creating reports....

What is the relationship between finance and technology leaders in your organization?

“CFOs and chief information officers don’t always see eye to eye, even on vital matters like risk management and cost...

Contact us today to see how ImpactECS can help you.

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