Product Costing

Reliably calculate costs in early stages and respond quickly to requests for proposals

Companies must respond to requests for proposals from potential clients faster than ever. However, calculating a competitive yet cost-effective price for products in the early stages of development is a delicate balancing act: Prices that are too high may prevent securing contracts, while prices that are too low can jeopardize profitability. Discover how you can reliably calculate your product costs in the early development phases and respond quickly to proposals with CONTACT Elements Product Costing.

Benefits

Calculate product costs directly in development
Use product structures as costing components
Define sales targets to optimize pricing
Increase product profitability
Reliably adhere to project budgets through concurrent cost recording

Calculate your product costs directly in development

Product Costing allows you to calculate product-related costs in the early phases of product development - when you define the costs through material selection and design. You use easily customizable costing schemes with fixed and variable costs as well as unit and overhead costs for early, reliable costing. You can calculate product lines with different schemes quickly and efficiently in parallel. You have direct access to the development bill of materials for costing. In addition, you can use product structures in whole or in part as costing components.

Calculate your product costs directly in development

Product Costing allows you to calculate product-related costs in the early phases of product development - when you define the costs through material selection and design. You use easily customizable costing schemes with fixed and variable costs as well as unit and overhead costs for early, reliable costing. You can calculate product lines with different schemes quickly and efficiently in parallel. You have direct access to the development bill of materials for costing. In addition, you can use product structures in whole or in part as costing components.

Define sales targets for optimal pricing

With product costing, you set the course for achieving the targeted profit margins in development projects at an early stage. Determine the optimum price based on different sales quantities. The specified sales figures are continuously compared with the available machines and capacities. Comparisons at volume and product level allow you to secure your pricing and thus increase your profitability. All calculation results are available as a version history for evaluations.

Define sales targets for optimal pricing

With product costing, you set the course for achieving the targeted profit margins in development projects at an early stage. Determine the optimum price based on different sales quantities. The specified sales figures are continuously compared with the available machines and capacities. Comparisons at volume and product level allow you to secure your pricing and thus increase your profitability. All calculation results are available as a version history for evaluations.

Reliably adhere to project budgets

As an integral part of Product Costing, Project Costing enables you to plan development costs precisely. Break them down as you need to determine project profitability - and not as the ERP system specifies. Use the concurrent cost recording in the project: plan workloads directly in the Work Breakdown and synchronize them in the Cost Breakdown. Keep an overview with project cost reports and thus avoid budget overruns.

Reliably adhere to project budgets

As an integral part of Product Costing, Project Costing enables you to plan development costs precisely. Break them down as you need to determine project profitability - and not as the ERP system specifies. Use the concurrent cost recording in the project: plan workloads directly in the Work Breakdown and synchronize them in the Cost Breakdown. Keep an overview with project cost reports and thus avoid budget overruns.

Company-wide costing system supplies global quotation processes

Find out how KIRCHHOFF Automotive supplies its global quotation processes with all costing-relevant data for long-term sales planning and the efficient calculation of quotation variants.

Company-wide costing system supplies global quotation processes

Find out how KIRCHHOFF Automotive supplies its global quotation processes with all costing-relevant data for long-term sales planning and the efficient calculation of quotation variants.