Cost management is an essential component for ensuring the profitability and efficiency of businesses. beCPG’s PLM stands out with its advanced features, enabling the calculation and optimization of product costs by considering all relevant variables throughout the production cycle.
IDENTIFICATION AND COST TRACKING WITH BECPG
With beCPG, companies can easily identify and catalog the various costs associated with their products.
Integrated management of raw material costs with beCPG
Raw material costs can be added directly to the “Costs” list for raw materials. Fields such as “Value,” “Value N-1,” and “Value N+1” allow for tracking cost fluctuations from year to year, while the “Plant” and “Component” fields enable the association of specific costs with the relevant entities.
Optimization of packaging costs: From sales unit to final entity
Packaging costs can also be added to the “Costs” list for packaging materials. For instance, the costs of primary, secondary, and tertiary packaging can be calculated to determine the total packaging cost per sales unit.
Control of transportation and production costs with beCPG
Transportation costs can be added for both raw materials and finished products. For raw materials, this includes the cost of delivery to production sites. For finished products, it covers the cost of delivering goods to distributors or points of sale.
Production costs encompass energy consumption, required resources, equipment, and operators. For example, a production line costing €20/hour with a throughput of 2,000 products per hour results in a production cost of €0.01/SU.
Integration and management of investment costs for informed decision-making
Investment costs can be added to the finished product’s cost list. These include non-recurring expenses such as the purchase of specialized machinery. Once created, these costs can be manually entered to ensure no information is lost during simulations or formulations.
Automated calculation of the total cost of a finished product
To visualize the total cost of a finished product, it is essential to ensure that all lists are fully completed: composition, packaging, and processes. The calculation of formulated costs is automated, allowing the user to view the total cost per sales unit directly on the platform.
It is also possible to analyze the details of each cost component. This granular analysis not only allows for a better understanding of how each component contributes to the overall cost but also helps identify opportunities for optimization and cost reduction.
Cost simulation: Anticipate and manage changes
beCPG also enables cost simulations to anticipate their impact. In the event of a supplier change, users can create and compare a simulated cost with the current cost. This feature provides valuable flexibility and forecasting capability for financial management.
Advanced cost reporting and analysis
The PLM generates detailed cost reports, enabling thorough analysis and informed decision-making.
In Summary, beCPG offers a comprehensive solution for cost management, covering everything from identifying raw material costs to simulating cost changes and generating detailed reports. This integration ensures strict control over expenses and contributes to the overall profitability of businesses.
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