EPS – Product Cost Management

Product Cost Management is a powerful solution that empowers plant management, production and accounting staff to focus on cost management, profitability and efficiency like never before.

Product Cost Management can be implemented as a stand-alone module or in conjunction with one or both of the other two powerful modules in the EPS Cost Management Suite. You decide based on your current and future needs and objectives.

Product Cost Management can be implemented in just two to four months per plant. The turn-key nature of our solution allows you to easily bring additional plants on-line after the initial implementation without assistance from EPS, if you prefer.

Product Cost Management utilizes web service interfaces, providing for simple integration with other systems. It will quickly become an indispensable tool in managing your mills and production facilities in the most cost-effective and efficient manner possible.

Product Cost Management Benefits:

• Supports harmonized plant-level costing, ensuring that product costs can be compared across several plants
• Supports other vital activities, such as production planning & scheduling, purchasing, cash-flow management & the monthly closing process
• Supports profit-to-promise optimization
• Easier reporting of inventory value & inventory reconcilement

Product Cost Management Features & Functionality:

• Standard product costing
• Bill of material, recipe & specification management
• Periodic actual costing
• Short-term cost & consumption forecasting based on production schedule
• Long-term cost & consumption forecasting based on production plan or sales forecast
• Inventory valuation & reconciliation
• Multi-language & multi-currency for international companies
• Supports company-specific terminology
• Web based application for easy deployment & access throughout the company
• Windows .NET application for good performance & easy integration