Manage Material Costs Fluctuations
Hello again,
This post is for small and medium-sized manufacturers that are vetting new manufacturing software systems. We hope you find it useful.
The cost of raw materials has always fluctuated, but due to inflation and lingering supply chain issues, controlling costs can be an ongoing challenge.
With costs varying so much these days, it is critical to keep a close eye on expenditures. If you wait until month end or end of quarter to post costs in GL, you could be inadvertently losing money.
PBS™ Manufacturing can help keep costs updated in real time to gain visibility of your actual costs for better decision making and operations planning.
Better Visibility
Many operations are tracking costs manually, which can be time consuming and less efficient than using an automated system. PBS™ Manufacturing allows you to define products, including routings, and then calculates costs, including labor.
Better costs visibility allows you to determine if your estimates are accurate, or if you need to make corrections in estimated material costs or changes in the production process.
Many companies have only a general idea of what costs really are, and underperforming products can hurt a company’s bottom line. Better visibility allows for price or production adjustment, and some shops may even outsource products for cost-effectiveness.
Real-time costs visibility allows you to identify issues long before you view your general ledger.
Purchasing
Purchasing management is crucial for cost efficiency and production timelines. PBS™ Manufacturing ERP helps you optimize your purchasing process by providing a centralized platform for managing purchasing activities.
By integrating purchasing modules with other core modules such as inventory management, production planning, and financials, you can gain visibility and streamline operations.
Strategic sourcing allows you to procure materials at the most competitive prices, have materials on-hand to improve lead times, and minimize errors.
PBS™ Manufacturing software for small businesses allows you to gain better control of your supply chain, set alternate vendors in the system, and get the best prices available.
PBS™ Manufacturing
An effective manufacturing system integrates key business processes, including financial management, across your entire operation.
Many systems on the market are designed for larger companies and may not scale to meet the unique needs of a small to mid-sized manufacturer.
PBS™ Manufacturing is comprised of a suite of modules that can be customized to fit the specific needs of a small to mid-sized manufacturer to improve productivity for more profitability.
Many shops are using outdated systems that require workarounds such as manual tracking with spreadsheets. A full-featured manufacturing ERP system provides visibility across operations, eliminates redundancy, and provides in-depth reporting for better business insight.
Call 800-969-7900 to learn more about PBS Manufacturing ERP, an affordable yet robust system designed to serve the needs of small to mid-sized manufacturers. Or, contact us – we are here to help.