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.
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.
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.
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.