Tyson Foods

Project Overview: How Tyson uses ImpactECS

The company established the “Manage by Variance” team focused on standard and actual costing for all of Tyson’s fresh and further processing operations. ¬†With ImpactECS, Tyson Foods has expanded their costing and profitability process to include the following:
– Standard and actual costing for each unique product by plant, department, and line and blended costs for finished products

– Detailed variance analysis between actual costs and multiple standard costs

– Complex meat valuation (market price, sales price, actual cost) and yield metrics

– Packaging and bill-of-materials management that account for regular substitutions, sub-components, and packaging options

– Analyze scenarios including commodity price changes, raw materials prices, overhead changes, or any other variant

– Integration to SAP and production systems