Product Estimation and Costing Add-On Solution
Get Your Product Costing & Pricing Right and Maintain Costing Revisions Effectively
Purpose of Product Estimation and Costing Add-On
Clockwork’s Product Estimation and Costing Add-On help businesses estimate the Product costing accurately by taking into Several aspects. The system is also designed such that it directly updates the price in the price list.
Business Challenges the Product Estimation and Costing Add-On Addresses
Managing product costing often becomes complex when estimation sheets are scattered or lack proper control. To ensure accuracy and accountability, it is essential that these sheets are centralized, routed through an approval process for both creation and updates, and maintain a complete revision history for traceability and audit purposes. Besides,
- Ensuring accuracy of the cost estimation
- Maintenance of multiple variants / revisions of costing sheets
- There is always people dependency.
- Potential human errors in calculations
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Solution that the Product Estimation and Costing Add-On offers.
The Product Estimation and Costing Add-On solution being offered by Clockwork has the following features:
- A customized screen that captures the product details, components, processes involved and various other factors.
- calculations are configurable hence it is easy to adopt and amend the formulae.
- Labor cost addition on the material cost so the COGS at product level is exact.
- Facilitates quicker and more exact decisions in product costing.
Outcome / Business Benefits 0f Product Estimation and Costing Add-On
- Complete visibility and tracking of costing sheets.
- Centralized Database to track the data at any given point in time.
- Faster decision making on the costing sheets.