EPS – Real-Time Costing

Real-Time Costing empowers process-level staff to be the first line of defense against inefficient, costly production practices and decisions, ensuring a more profitable and cost-effective operation. Real-Time Costing accomplishes this important objective by providing machine operators and production managers with immediate feedback on how their decisions impact the cost of production.

Real-Time Costing 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 objectives. Regardless, Real-Time Costing can be implemented in just four to eight weeks per production process, providing payback as quickly as one to three months. Thanks to the turn-key nature of our solution, you can easily bring additional process lines on-line after the initial implementation without assistance from EPS, if you prefer.

Real-Time Costing is easily integrated with other production or process systems by utilizing plug-and-play web services interfaces. It will quickly become an integral tool in managing your mills and production facilities in the most efficient and profitable manner possible.

Real-Time Costing Benefits:

• Realized raw material & energy cost savings
• Identification of unprofitable products
• Enhanced quality assurance & consistency
• Detection of previously unidentified costs
• Increased awareness among the production staff about how production decisions impact the cost of production
• Supports continuous cost reduction efforts
• Increased accuracy in standard product cost & recipes
• Improved calibration & reliability of flow meters

Real-Time Costing Features & Functionality:

• User-friendly, informative screens developed for production staff to be used on the manufacturing floor
• Embedded graphical reporting engine for management analysis
• User configurable calculations for recycled losses (broke)
• User configurable calculations for consumptions during production breaks
• User configurable rules for validation of actual vs. standard costs & consumptions
• Ability to set time-offsets for material consumptions per process tag
• Generic process data interface using web service technology
• Generic production data interface using web service technology
• Generic quality data interface using web service technology
• Real-time costs & consumptions are available through a web service interface & can be utilized by other applications
• 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