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Balance supply and demand to control total manufacturing costs

Cost management, a major concern for all manufacturers, is largely dependent on defining, collecting, and managing data throughout the manufacturing process. Intimately connected to operational activities, the accumulation of cost data must be built into engineering, production and purchasing systems in order to include the detailed data needed while not placing an undue burden on personnel and processes. Cost management is a byproduct of good operational system design and use.

Therefore, the Acumatica Advanced Manufacturing Edition is designed to incorporate costing functionality deeply embedded in all the operational subsystems including Bill of Material and Routing, Inventory Management, Production Management, Purchase Order Management, Estimating, and Sales Order Management supported by real-time data integration with financial applications – Accounts Payable, Accounts Receivable, General Ledger, as well as Business Intelligence and Reporting and Dashboards.

Production management is the heart of measuring cost

The best, most accurate costing system is embedded into the operational system itself where it can assign and track value directly on the engineering and production data (BOMs, shop orders). The Production Management module controls the operational process from raw materials through production to finished goods. At the same time, it collects and manages the costs – material, labor, and overhead – in these production environments: make-to-stock, engineer-to-order, make-to-order, job shop, repetitive, and batch.

Acumatica Manufacturing Edition Production Management is production costing and manufacturing costing software that offers:

  • Full BOM costing and production costing roll-up capability for design, engineering, quoting.
  • Production orders that collect the labor, material, machine, tools, and fixed and variable overhead.
  • A production order system that supports substitute operations or materials.
  • Tracking of purchases for a specific work order.
  • Stock and non-stock material items that can be used and tracked to a production order.
  • Labor tracking for non-production time.
  • Optional materials backflushing capability.
  • Full lot and serial traceability throughout the lifecycle of the item.
  • Support for barcode data collection for labor and material as well as inventory issues, receipts, cycle counting, and physical inventory.
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Business processes needed to control costs

Estimating

Improve the accuracy and turnaround times of all your manufacturing estimates. This solution takes into account every aspect of estimating, including material, overhead, labor, and other miscellaneous costs.

Once you confirm an estimate, you can easily convert it to a bill of material or sales order. Your team can calculate costs and prices for new or existing parts using data such as material costs, work center rates, and overheads. Save even more time with the option of linking your estimate to a quote or opportunity.

Estimate items not currently in your inventory. Attach notes, files, and item attributes to the estimate. Easily convert non-inventory items to inventory stock or non-stock items. Create inventory items and generate a bill of material from an estimate. Create a production order directly from an estimate. Attach an estimate directly to, or against, a sales order or an opportunity in Acumatica Customer Management. Create a sales order directly from the estimate.

Cost Calculation (standard)

Roll-up all cost elements from bills of materials and routings into standard costs for any and all items defined in your database. Maintain multiple sets of standards for accounting, costing, quoting, or what-if analysis. Use these ‘standard’ costs for operational costing or cost comparison, estimating, management reporting.

Production (actual) Cost

Capture actual costs for materials, labor, overhead, miscellaneous, outside services, and other costs for every work order, project, item, work center, department, shift, day, week, month, account, customer, or other grouping as needed – full detailed data is automatically accumulated for each product, job, component, operation, and activity. Expense and activity costs can be passed to the General Ledger in detail or on a summary basis and are immediately available to reporting and analysis as soon as the activity is reported.

Engineering Change Control

Automates, controls, and organizes all change requests, plans, and actual changes to a bill of material with approvals throughout each step in the process.

 Project Costing

Track all associated costs at a project level. Compare to a project budget. Production orders can be tied to a project task or produced to stock.

Inventory Valuation

Track the value of inventory using real-time data based on costed transactions and current balances. Inventory can be valued at standard, average, last, FIFO, LIFO by groupings that include warehouses, warehouse sections, item types or class, etc.

Data Collection

Costing data flows automatically from operational transactions, primarily inventory movement (receipts and issues, adjustments), labor reporting, and order management (opens, closes, postings). No additional reporting is required. Reporting is often made simple and efficient through the use of data collection technology such as bar code scans, touch screens, and an increasing array of automated sensing technologies like RFID and connected sensors.

Key Features

  • Labor tracking
  • Material tracking
  • Lot/serial tracking
  • Scheduling
  • Production performance
  • Production changes
  • Backflush labor and materials
  • Barcode integration
  • Integrated BOM/routing
  • Multi-level BOM/routing
  • Activity-based costing
  • Fixed and variable overhead
  • Effectivity/expiration dates
Danforth Pewter adds modern ERP to colonial foundation

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