CostCalc 4.4

What's New?

1. The Progressive Yield Facility

To the best of our knowledge, CostCalc 4.4 is the only commercially available costing system that includes a PYF (Progressive Yield Facility); the automatic feedback of material and sequential process yields into the Bill of Materials for realistic order quantity and for accurate materials and process cost data. This can save a lot of time and cost in both the Purchasing and Production Departments.

2.  Tracking cost reduction through the Modification Record Sheet

The latest version has been specially designed to make changes simple, but above all, to enable the cost effects of change to be rapidly seen. For every parameter in the Results sheets and each recorded change, data appears in three adjacent columns to show:
-           the new cost arising from the change
-           the previous cost (just before the change)
-           the difference between them.

The ‘Difference’ column is used to automatically make a permanent record in the Modification Record sheet of the total cost effect of each change, with progressive data also available. This facility enables management;

-           to monitor cost reduction progress over time
-           in the same context there is automatic listing of the three worst processes. See Item 6 below.

3.  Option to use the 'As it Happens' costing method

To match these advantages, the novel “As it happens”, method of costing is now available as an option in the Product Costing section and as the main method for costing the Sub-assembly parts in this system. For Product assembly it treats the BoM and manufacturing costs together, stage by stage, in a single document. It has been developed as a methodology because it reflects reality on the shop floor more accurately than widely used conventional methods. The method also enables precise instant availability of standard inventory value at any stage in the production sequence and delivers the cost of each individual process.


4.  Minimising inventory using the PYF Facility

A further benefit lies in the ability to apply stage yield data to show the more accurate cost and quantity order requirements for materials that have entered the manufacturing sequence at different process stages. The BoM is structured to enable this option.

CostCalc 4.4 is a powerful tool in aiding purchasing efficiency and minimising inventory size – particularly where JIT is operating and the timescale from start to finish of the production sequence is longer than 24 hours. There is also an option to use the older standard approach in which Bill of Materials, workforce and machine operating costs are compiled separately and progressive yield effects are not integrated.

5.  Dual Currency feature

CostCalc 4.4 enables the value of all costed items (labour, materials, machine costs, individual processes and totals) to be toggled instantly between two different currencies of the user's choice.

6.  Top Three Facility