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
Dynamic Costing
Many organizations face challenges in obtaining clear and accurate cost data. Our Dynamic Costing solution encompasses the key guiding principles associated with traditional activity-based costing and other operational costing approaches to more accurately zero in on the true costs of a particular product. Leveraging advanced analytics and industry specialization, our team of professionals is able to create visibility to your costing data and more importantly map how that costing data flows onto the company’s financial statements.
Our analytic approach is fully integrated with some of the leading MES and ERP systems, enabling visibility from the shop floor to the c-level suite.
IFAC Proceedings Volumes
Volume 35, Issue 1, 2002, Pages 175-180
IFAC Proceedings Volumes
DYNAMIC COST CONTROL METHOD IN PRODUCTION PROCESS AND ITS APPLICATION
Full article available
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
December 2020
Justifying Investment in Manufacturing Execution Systems
Dirk Sweigart, BSME, BSCS, MBA
https://imfactory.com.pl/en/knowledge/total-manufacturing-cost-and-cost-allocation-in-a-company-part-3-the-role-of-mes-and-erp-in-cost-management/
https://www.criticalmanufacturing.com/mes-for-industry-4-0/mes-investment-and-roi/
Ud. 21.12.2024
Pub. 29.12.2021
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