Financial Analytics for Manufacturers
Cost of Manufacturing when analyzed at plant or line level includes significant categories like Direct Labor which is the cost associated with production activities, Direct Material, the cost of raw materials used for production lot or period and the overhead costs which are not related to direct material and labor for a specified period.
Production Unit feature gives you the insights about the number of units manufactured over reporting month making it easy for you to track the work in progress.
Cost per Unit
The manufacturer needs to calculate the cost per unit of each good manufactured which is calculated based on the Primary Costs Divided by Production Units.
Material Received Value
It is vital to analyze at Plant/Line/Product levels the total cost of the raw material received for production and ComTec can help you do this with ease.
Price Variance is analyzed at Plant/Line/Product levels which is the cost between the estimated and actual value of procured Raw Materials.
Cost of Goods Manufactured
To make it simpler ComTec Financial Metrics allows you to analyses the cost of goods manufactured at Line/Product level.
Cost of Goods Sold
Cost of the Goods sold has multiple factors to be considered which involve cost of Inventory of finished goods at the beginning of the month, production, which is the inward stock and inventory of finished goods at the end of the month. ComTec Financial Metrics has an inbuilt formula making it easy for the manufacturer to keep a record of the Goods inventory.
You can even calculate capital expenditures into manufacturing and compare them to total capital expenditure outlay budgeted for the Year.
Capital Expenditures Trend
ComTec Analytics helps you monitor your Capital expenditure by month based on your budget forecast.
Reverse of Investment
Based on your Investments, Revenue, and the Expense incurred, you can analyze your Return of Investments at Project/Plant level which is usually considered as Long Time Frame Metric.