Wednesday, December 29, 2021

Cost Measurement in Manufacturing Execution System (MES)

 

A production process can be very expensive, that is why managing industrial costs is a key activity for every manufacturing company. The sum of direct costs of materials, employees and production costs is the industrial cost of manufacturing. Sistrade® offers a solution to record all the material costs, including indirect costs to calculate cost estimation closest to real.

Real job order cost

Work in process cost

Estimated/real cost comparison

Order profitability

Automatic update of standard costs

Distribution of indirect costs by manufacturing stage

Distribution of indirect costs by cost centres

https://www.sistrade.com/en/solutions/production-management/mes/

Design and application of dynamic cost control system based on MES
August 2003, Dongbei Daxue Xuebao/Journal of Northeastern University 24(8):719-722
Authors: W. Liu, Y.-G. Chu, T.-Y. Chai
https://www.researchgate.net/publication/289479763_Design_and_application_of_dynamic_cost_control_system_based_on_MES

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