Manufacturing is one of the most biggest and challenging sector that we have when we try to compare it with rest of the business that we see in our day to day life. It has large volume in terms of Inventory, production and then Sales, also from the revenue point of view it has a large market share.
Thus it becomes very necessary to ensure that the finished goods that are produced through a manufacturing process are evaluated in a proper way along with their costing. Apart from material cost there are other factors as well which are part of the manufacturing cost and has to be traced accurately.
New Stuff: Project wise Profit Analysis in Sage 300 ERP
Sage 300 ERP along with the well-built Add-ons help these manufacturing units very efficiently such that all the Costing related process are handled effectively.
Apart from material cost, labor and overhead cost are two major types of expenses that has to be part of the manufacturing cost.
Labor can be broadly classified into three types, Setup Labor, Run Labor and Cleanup Labor. Many organization further classify them down as Skilled and unskilled labor. Thus it is very essential that a system should help map and calculate the cost associated with this labor at various stages of the manufacturing.
Overhead basically includes the power which got exhausted for the manufacturing process, this overhead cost may vary from operations to operations and has to be mapped and calculated accordingly.
Considering this practices Sage 300 ERP has made the necessary provisions which help user to configure the stuff as per the requirement so that a proper costing is derived from the manufacturing process.
Thus choosing a proper solution for your business is very critical when it comes to the manufacturing domain as there are lots of factors that need to be considered.
1. Advantages of ERP in Manufacturing Companies
2. Order Process for Manufacturing Company in Sage 300 ERP
3. Manufacturing and Subcontracting in Sage 300 ERP
4. Inventory Cost Analysis in Sage 300 ERP
5. Sage 300 ERP in Sugar Industry