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IFS/Costing™ supports various cost schemes, from traditional to activity-based costing. The powerful graphical tools provide advanced analysis such as break-even and optimal price based on elasticity. For product costing, users can work with an unlimited number of historical, current and future cost sets, with user-defined buckets for materials, labor, machines and overhead. Order-based estimates, standard and actual, are created for each manufacturing order, and variances are analyzed. There is also strong functionality for Kaizen costing and value engineering.
"Costing" is part of the IFS Applications line of products, developed by IFS North America.