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Daily Costing in SAP

Infocost delivers comprehensive daily costing sheet solutions in SAP. Our deep knowledge of SAP Costing and SAP Finance ensures your business stays on top of its financial performance.

We would be getting following key inputs on daily basis from SAP Costing:

  • Actual production vs. Target Productions by material and plants

  • Actual input material cost vs. Target by material and plants.

  • Variances in Quantity and cost

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Common Questions

Frequently Asked Questions

To present the daily cost in the daily works meeting it is very important piece of information for the Costing team and Production team to monitor the daily cost and be very careful for the current day cost and production numbers.

Daily display of the cost in the Morning Meeting would be of great help in the timely decision making for the cost control and production efficiency of the resources
Basic Costing
Timely action for the excess consumption or incorrect booking can be addressed and production team have the visibility of the costing along with the Production quantity
Approach: The cost of production to be computed on daily on the basis of the confirmed production orders quantity for the previous day, it will include the daily consumption of inputs, conversion cost on the standard cost Custom report would be developed based on the Group of Materials to compile the SAP material code on the basis of reportable Materials for Reporting. Costing would be calculated at each of the levels so the respective action can be taken by the respective department / level production head. (For example in case of Textile : Greig Dept, Processing Dept, Finishing Dept. and Packing Dept. )

Assumptions: – The material cost booking in the production order is based on the Quantity confirmed * Latest MAP / Latest STD Cost – The conversion cost / activity type cost is Hours confirmed * Planned prices – Monthly standard costing and release practice should be in place for this daily costing
The reported actual cost of Level 1 would not impact the costing of the Level 2 and so on . For example in a day if the Greig Department in Textile company incurred more cost and the daily costing of the Greig product has increased This increase in the greig cost per unit would not impact the Process cost department cost of production on daily basis. and so on. Daily actual cost in the nature of Fixed cost would not be taken into account for the presentation of the daily costing. Monthly planned cost only considered for the fixed conversion costing
Daily Costing Sheet with all the supporting reports and schedules. Manuals and SOP for the preparations and pre-requisites for the reports and Maintenance of the same
Example of a system-generated report
We have the readymade template and program for the Daily costing sheet, which can be implemented and make operational for the daily costing sheet for organizations in a quick time

GL Grouping and material grouping required to be done for this and we can make the program ready for company
1 week implementation time and 1 week support
Example of a system-generated report
Timely action for the excess consumption or incorrect booking can be addressed and production team have the visibility of the costing alongwith the Production quantity and it would certainly create the opportunity to save the cost with a substantial amount estimated to get the opportunity of atlease 10 Crore on annual basis
1 week for support and hand holding
M1 – Project start
M2- UAT Sign off
M3 – Project Closure
INR 99,000/-
In less than a lac, we have the daily visibility of cost and production quantity with value as well

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