Obtain the exact cost of producing the finished product. Track the exact costs of the raw material used, the labor costs involved, and the overhead costs such as depreciation, taxes and insurance. Monitor production cycle, analyze results and adjust manufacturing process to ensure maximum efficiency. Compare the cost of producing goods in various locations and make informed decisions about where to invest for maximum profit. Calculate the yield from a given batch of raw materials to determine the cost and quantity of output. Analyze the cost of labor, overhead and materials to accurately measure the cost and value of each process.
Managers get a comprehensive view of the costs associated with producing goods, such as raw materials, labor, overhead, and other expenses. This information helps them identify areas of waste and better understand the cost associated with producing a particular item.
Gain an accurate and comprehensive view of raw material costs across the entire enterprise. Make informed decisions on where to source materials from, and optimize stock levels to better control costs.
Key Features of Finished Good Costing
with Deskera ERP.
Frequently asked questions
Deskera Yield Calculation and Finished Good Costing
What is yield calculation?
Why is yield calculation important in an Enterprise MRP setting?
What are the key steps in yield calculation?
How is yield calculation used in an Enterprise MRP setting?
What information is required for yield calculation?
How often should yield calculation be conducted?
What are the benefits of yield calculation?
What are the common challenges of yield calculation?
How can yield calculation be automated?
What are the advantages of using an Enterprise MRP system for yield calculation?