HarrisData Cost Management Features

HarrisData Cost Management gives manufacturers new insights into the profitability of products, product lines, and customers. Effective cost management leads manufacturing executives to make smarter decisions about pricing, margin management, promotions, and discounts

Managing Costs

  • Standard Cost System
  • Multiple cost sets
    • Standard
    • Current
    • Future
    • Plus 90 sets for simulation, historical analysis, or quoting
  • Unlimited, configurable, detailed cost elements such as:
    • Material cost
    • Labor cost
    • Setup cost
    • Fixed overhead
    • By work center, product, vendor, and more!
  • Multiple cost views
    • Rolled-up cost
    • This level cost
    • Costed bills of material
    • Costed routings
    • Cost set comparisons
  • Calculation flexibility
    • Methods based on amount, rate, or percentage
    • Rate-based cost absorption
  • Control financial impact
    • Manage costs and variances
    • Value on hand inventory at standard cost
  • Comprehensive reporting
    • Standard Cost Generation
    • Work-In-Process Evaluation
    • Inventory Evaluation

Cost Analysis and Simulation

To better understand the impact of changes on cost structures for various parts or products, Cost Simulation provides easy, detailed analysis and "what if" capabilities.

  • Online detailed cost element display
  • Simulate change of any variables
    • Labor increases
    • Material cost changes
    • Alternate work centers
    • Ad hoc Bill of Material, and Routing Operation changes, and more!
  • Evaluate projected margin
  • Establish selling price/preserve margin
  • Estimate costs of new item
  • Analyze effect of change in standard costs
    • Understand general ledger impact
    • Report impact of changes on general ledger accounts
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