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By: Peter Poletti

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Costing Activity Functions & Features

Main modules below cover Tracks the cost incurred by each item of a BOM and at each phase of a routing operation;Runs cost roll-ups as a batch or online;Simulates a production model run with cost roll ups;Tracks the fixed and variable costs of a WIP and compares information among databases at the end of the period (period costing and period reconciliation);Uses different standard and actual hours to generate cost roll ups;Different cost types can be used for standard and actual hours and to generate cost roll ups;.. Costing Activity Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Costing Activity Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

  • complete response from each ERP software vendor
  • deep and accurate evaluation of submitted ERP proposals
  • impartial side-by-side comparison of ERP solutions evaluated
  • rational and documented selection of the best matching ERP system

The ERP software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the ERP solutions from scratch.

The Costing Activity Functions & Features comprise the following elements:

  • Tracks the cost incurred by each item of a BOM and at each phase of a routing operation

    bill of material (BOM) Tracks the cost incurred by each item of a BOM and at each phase of a routing operation, Costing Activity Functions & Features
  • Runs cost roll-ups as a batch or online

    Runs cost roll-ups as a batch or online, Costing Activity Functions & Features
  • Simulates a production model run with cost roll ups

    Simulates a production model run with cost roll ups, Costing Activity Functions & Features
  • Tracks the fixed and variable costs of a WIP and compares information among databases at the end of the period (period costing and period reconciliation)

    work in progress (WIP) Tracks the fixed and variable costs of a WIP and compares information among databases at the end of the period (period costing and period reconciliation), Costing Activity Functions & Features
  • Uses different standard and actual hours to generate cost roll ups

    Uses different standard and actual hours to generate cost roll ups, Costing Activity Functions & Features
  • Different cost types can be used for standard and actual hours and to generate cost roll ups

    Examples of cost types that can be aggregated to form a cost roll up include replacement, simulated, standard and actual cost Different cost types can be used for standard and actual hours and to generate cost roll ups, Costing Activity Functions & Features

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Functions and Features