Eresource ERP Cost Management feature provides visibility of cost at a single market place. With competition increasing the pressure on margins, your business needs accurate and detailed manufacturing cost reporting for effective business management.
Eresource ERP provides extensive cost information at several levels that helps the business owner to identify cost elements and reduce product cost. Product Manufacturing costing elements in eresource is formulated based of different parameters, including, routing, machines, production volumes, batch sizes, depreciation, labour, material cost, admin cost, selling cost, etc.
Further eresource ERP support multiple inventory valuation methods so you can choose the costing method that best reflects your company's business. For example, eresource ERP has features that let your company compare estimates and production costs for different work centers, machines, employees, and order quantities while monitoring overtime, indirect hours, subcontracted jobs and other costs.
Additionally, you can choose standard, LIFO (Last in first out), FIFO (First in first out), moving average unit, or lot costing, and costing methods can be assigned by item.
Eresource ERP provides extensive information about production cost at several levels, which gives you the visibility you need to identify cost drivers and reduce product costs.