The modern marketplace fluctuates constantly due to ever-changing consumer demands. A product that flew off the shelves one week could become overstock the next in this environment. For this reason, businesses must carefully coordinate production operations to ensure they introduce the right products into the market at the right time, all while keeping overhead under control.

Job costing facilitates such an approach, lending shop floor stakeholders the ability to develop in-depth forecasts and production plans. Of course, this strategy is nothing new. Businesses across numerous industries have been using job costing for decades, albeit through manual workflows driven by accounting personnel. However, the rise of the enterprise resource planning solution has made it possible for companies to abandon these hands-on methods and cultivate automated job costing processes.

Quality ERP solutions come equipped with specialized components that streamline job costing, allowing businesses of all sizes to unlock the benefits of this proven strategy without expanding staff rosters and grappling with the associated operational and budgetary complications. Here are some of the advantages that accompany ERP-propelled job costing:

Granular production cost monitoring
As mentioned above, modern manufacturers must be able to move with the marketplace, which entails having the ability to fulfill disparate, customized orders in a cost-efficient manner. Job costing supports such functionality by giving production stakeholders the power to monitor costs per unit and track numerous shop floor variables, including material and manpower costs.

Easy financial auditing
Periodic financial auditing is essential to success in today’s business world. Effective job costing makes reviewing the books easy, as accounting personnel and other organizational stakeholders can dive deep into the expenses attached to each unit produced, ensure financial stability and meet compliance metrics set by customers, lenders and vendors.

Is your organization interested in taking advantage of automated job costing via ERP implementation? Consider reaching out to Accent Software.

As a certified Microsoft Business Solutions partner, we provide vendor-vetted Microsoft Dynamics NAV implementation services, giving manufacturing firms of all sizes the opportunity to adopt a quality ERP solution designed to facilitate operational growth via cutting-edge job costing features and other mission-critical components.

Contact us today to learn more about Accent Software’s products and services.