Know what each item really costs to make.
The production costing module works out the cost of each item, batch or job from material consumed, job work charges, labour, power and overheads. It then compares standard cost with actual and shows margin by product and customer. It matters because a selling price set on last year's cost can quietly turn a good order into a loss.
Works out the cost of each item, batch or job from material consumed, job work charges, labour, power and overheads. Compares standard with actual cost and shows margin by product and customer.
Inside the module.
Material cost
Value actual material consumed in each batch or job, net of scrap recovered.
Conversion cost
Add labour, power, fuel and machine hour rate to each batch.
Job work charges
Include outside processing bills in the cost of the item they belong to.
Overhead allocation
Spread factory overheads by machine hours, weight, quantity or another fair basis.
Standard versus actual
Compare what an item should cost with what it did, head by head.
Margin reports
See margin by product, customer and order after actual cost.
Quotation costing
Build a cost sheet for a new item to arrive at the price to quote.
Part of 9 products.
Steel Plant ERP
Steel plant ERP software from Kreon runs an induction furnace, rolling mill or integrated TMT plant by weight and heat number.
View ManufacturingPlastic Manufacturing ERP
Kreon's plastic manufacturing ERP software is built for injection, blow and extrusion units, whether you make your own range or…
View ManufacturingUmbrella Manufacturing ERP
Kreon's umbrella manufacturing software is made for a trade with two peculiar habits: most stitching and fitting happens outside…
View ManufacturingLED, Fans and Electricals ERP
Kreon's LED light manufacturing ERP also covers fans and other electrical goods, for brands and contract manufacturers who sell…
View ManufacturingAuto Components ERP
Kreon's auto parts manufacturing ERP is for component makers who supply vehicle manufacturers and larger component companies.
View ManufacturingPharma Manufacturing ERP
Kreon's pharma manufacturing ERP software is for formulation units, loan licence and third-party manufacturers, and makers of…
View ManufacturingEngineering and Fabrication ERP
Kreon's fabrication ERP software is for engineering workshops, fabricators and machine builders where no two orders are the same.
View ManufacturingPackaging and Corrugation ERP
Kreon's corrugated box ERP software is for box plants and carton printers.
View ManufacturingFood Processing ERP
Kreon's food processing ERP software is for makers of packaged food such as namkeen, snacks, spices and ready mixes who sell…
ViewRelated modules.
- Job work and sub-contracting
- Production planning
- Bill of materials and recipes
- Quality control
- Wastage, scrap and yield
- Plant maintenance
- Product lifecycle management (PLM)
- Weighbridge integration
- Machine downtime and OEE tracking
- Mould, die and tool management
- Warranty and replacement tracking
- Gate entry and gate pass
Questions, answered.
Do we need perfect data to start costing?
No. Start with material cost from actual consumption, which is usually the largest part. Add labour, power and overheads at standard rates first, and refine them as your data improves.
How is power cost given to each product?
Usually through a machine hour rate, or per kilo or tonne produced. You choose the basis for each section of the plant, and the module applies it to every batch made there.
Can it show which customers are profitable?
Yes. Each invoice line carries the cost of the batch or job sold, so margin can be seen by customer and by order, not only by product.
Which Kreon products include production costing?
It is part of 9 Kreon products, including Steel Plant ERP, Plastic Manufacturing ERP, Umbrella Manufacturing ERP, LED, Fans and Electricals ERP, Auto Components ERP, Pharma Manufacturing ERP. It can also be added to a custom system.
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