Product Costing
Product Costing offers a comprehensive approach that integrates various pricing and cost management features to ensure accuracy and flexibility. The Customisation of Supplier Pricing allows businesses to adjust pricing based on agreements or market conditions, providing real-time updates and ensuring accurate cost assessments. The system follows a unique Buy Multiple, Combine to One model, where multiple components are purchased and combined into a single product, supporting complex costing for tailored offerings. By incorporating Hourly Costs, labour expenses are factored into the product pricing, ensuring precise cost calculations. Automatic Overhead Allocation streamlines the distribution of overhead expenses, enhancing the accuracy of financial management. The system also adjusts Seasonal-Based Product Margins to reflect market trends, optimising pricing strategies for different seasons. With No Limitations on Suppliers, businesses can diversify sourcing, fostering competition and improving pricing and availability. This dynamic approach ensures effective cost management, accurate pricing, and financial control across various business operations.
The Powerful Feature Service
Customisation
of supplier pricing
The customisation of supplier pricing features offers significant flexibility in managing and adjusting supplier costs. It allows for the modification of pricing structures to reflect specific agreements, market conditions, or supplier negotiations.
Multi-Component
Product Assembly Model
The system operates on a model distinct from the traditional ‘Buy Product, Sell Product’ approach. Instead, it is designed around purchasing multiple individual components or products, which are then combined into a single, final product for sale. This model facilitates the creation of customised or unique products that result from the integration of various components.
Incorporate hourly
cost into costing
Incorporating hourly costs into costing involves integrating labour expenses into the overall cost calculations for products. This approach ensures that the cost of labour, based on hours worked, is accurately reflected in the product pricing.
Automatic
overhead allocation
Automatic overhead allocation simplifies the distribution of overhead costs by automatically assigning these expenses to products or projects based on set criteria. This automated approach ensures accurate and efficient management of overhead costs, enhancing the precision of product costing and financial reporting.
Seasonal based
product margins
Seasonal based product margins involve adjusting product pricing and margins according to seasonal trends and fluctuations in demand. This approach allows for dynamic pricing strategies that align with varying market conditions and consumer behaviour throughout different times of the year.
Not limitation
on suppliers
The system is designed to allow for flexibility in supplier management, with no limitations on the number of suppliers a business can use. This approach enables companies to diversify their sourcing options, fostering competition and ensuring better pricing and terms.