Handling Your Resources, Managing Your Project and Controlling Your Costs from One Integrated Software System
The ability to be able to track and cost effectively, any productions work and raw materials, has long been the holy grail of anyone involved in the costing of manufacturing, whether it is bespoke or general.
In the context of an off site project, calculating the sales price, total estimate, costs to date and billed to date, are needed to give an accurate indication of how much money is being spent on a given period with the information used to calculate how much is needed to fund the project. In production operations, tracking the raw materials, tracking labour costs, calculating overheads are essential to an open and transparent process. How this information is recorded however, can lead many engaged in the logging of the nitty gritty detail of their particular endeavour, to frustration.
A complete and integrated accounting system improves efficiencies and increases productivity. Having the ability to be provided with up to date, real time information can give you a valuable insight into your business operations. The ability to have all transactions registered as and when they happen, automatically updating the nominal ledger, reducing paperwork, improves accuracy and eliminates replication, can take away a huge amount of burden to let you finish the important tasks at hand. This includes your VAT/ROS/RCT, reducing the amount of paperwork involved in handling everything from purchase, manufacture and assembly to dispatch, delivery, invoicing and stock control can really cut down on costs over time.With the development of mobile apps and connectivity, these details can now be both accessed and recorded on and off site. The tracking of hours worked on a project off site for instance, can be logged through a web portal using a 3G/4G connection. You can check client’s prices, look at how your current spend compares against the original estimate and keep a close eye on payments and expenditures.
Business Management Software can help you better manage every aspect of your company, from sales and customer relationships to financials and operations.
I’ve have written extensively in our blogs about the impact it can make on your business. Herbst Insight ERP, is a one stop software system for all your business information requirements, including the modules specifically required for your engineering or manufacturing business.
If you think your manufacturing or estimation processes need streamlining then Herbst Insight may be the solution you’re looking for.
If you want to learn more about ERP systems and their applications, look at our guide on ERP systems and benefits