Perfect Product Costing
Yes, Perfect Product Costing is Achievable!
When our team developed Exomake one of the key desired features was to make manufacturing easy whilst being confident in product costing. It’s one of the things that you really don’t want to make a mistake on. Similarly, as you manufacture over time, it is essential to keep your finger on the pulse of ever-changing costs, especially if you are in food manufacturing.
How does ExoMake Costing Work?
With any type of product costing, it is important to consider all your parameters; your bill of materials, overheads, and lets’ not forget labor or freight. ExoMake pulls all this information together and uses historical information from the manufacturing system to work out actual costs. That way you can be confident that your products are priced correctly. That way you can avoid any sneaky manufacturing costs that you didn’t account for.
Monitor Manufacturing Costed Vs Actual Pricing
Ever wondered during manufacturing if the product costing you are working on is actually what is happening in production? Not to worry – Exomake makes sure that you can track as you go. As you start production, the platform measures your actual costs and compares them against your expected costs. After each production run, ExoMake updates the costings to reflect any changes.
Avoid Cost Creep with Historical Comparisons
Anyone who has ever been in the manufacturing of food or other products knows for certain that the sooner you can identify cost creep the better. If you have ever wished you could go back in time and find out which component had suddenly started to make your products more expensive, Exomake can help. You can choose a point in time and see your costing. That way, if a particular ingredient cost has increased, you can go back to your supplier and figure it out or simply change suppliers.
Live Integration!
There is nothing worse than having systems that don’t talk to each other. It only leads to human error and double handling. The good news about ExoMake is that when an ingredient’s price changes in ExoMYOB, the Exomake costings reflect those changes. No double handling. These systems talk to each other and make sure you are always using the most up to date prices. That’s why it’s so awesome ExoMake and Exo MYOB is totally and utterly integrated.
Costing during the manufacturing process needs a lot of detail and it is important to keep track of your costs over time to ensure that profitability can be achieved. ExoMake is an important tool that can help you to do all that, and more! Wastage, run rates, and yield for example are important production metrics to track as they all affect product costings. If you would like to find out more about how ExoMake can keep track of these production metrics while helping keep wastage to a minimum, check out our next blog here. Or, If you would prefer to have an obligation free personal chat with Peter, our director, you are welcome to book an appointment here.
