Item Costing Functions & Features

Costing an item or product taking into consideration standard or average costs, as well as FIFO (first in first out) or LIFO (last in first out).. Item Costing Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Item Costing 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

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The Item Costing Functions & Features comprise the following elements:

Multiple cost associations for each item and location
Multiple cost associations for each item and location, Item Costing Functions & Features
User may determine costing methods
User may determine costing methods, Item Costing Functions & Features
Tracks and categorizes costs, such as last (cost), historic, average, standard, frozen, current, and planned
Tracks and categorizes costs, such as last (cost), historic, average, standard, frozen, current, and planned, Item Costing Functions & Features
Cost elements include direct and indirect costs, material, material burden, freight, labour (variable and machine burden, and fixed) tooling burden, subcontracts, etc.
Cost elements include direct and indirect costs, material, material burden, freight, labour (variable and machine burden, and fixed) tooling burden, subcontracts, etc., Item Costing Functions & Features
Cost elements of production models include resource class, sub-class, and individual class
Production model cost elements involves using specified classification schemes to analyze the cost of production. Cost elements of production models include resource class, sub-class, and individual class, Item Costing Functions & Features
Classifies a cost, that would otherwise be considered a variable, as fixed
Classifies a cost, that would otherwise be considered a variable, as fixed, Item Costing Functions & Features

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Item Costing Functions & Features

Multiple cost associations for each item and location

User may determine costing methods

Tracks and categorizes costs, such as last (cost), historic, average, standard, frozen, current, and planned

Cost elements include direct and indirect costs, material, material burden, freight, labour (variable and machine burden, and fixed) tooling burden, subcontracts, etc.

Cost elements of production models include resource class, sub-class, and individual class

Classifies a cost, that would otherwise be considered a variable, as fixed