• Cost structure review: bills of materials (BOM), routings, cost centres and overhead allocation
• A standard cost per product — materials, labour, energy, machine time and overhead — agreed with your production team
• The costing method that fits your factory: standard, actual, job/order or process costing, and activity-based costing where overhead is heavy
• Monthly variance analysis — material price and usage, labour rate and efficiency, overhead spending and volume — explained, not just listed
• Profitability by product, customer and market: contribution margin and break-even
• Pricing recommendations: price floors, cost-plus and value-based pricing, quotation models and discount rules
• Inventory and work-in-progress valuation aligned with your financial statements (IAS 2 / EAS 2)
• Costing integrated in your ERP (Odoo, ERPNext, SAP and others), so costs flow from purchasing and production — not from spreadsheets
• A monthly cost report and dashboard for the owner and management

• Diagnostic: factory walk-through, review of your data and systems, and a costing gaps report with priorities
• Design: cost centres, BOMs and routings, overhead absorption rates, standard costs and a costing policy — signed off by management
• System: set up or correct costing in your ERP, linking purchasing, inventory, production and sales
• Pricing: a price-floor and quotation model for each product and market, with discount approval rules
• Monthly cost close: production cost, inventory and WIP valuation, variance analysis and the cost report
• Quarterly review: standard-cost update and product-mix review with management

Common questions about Cost Management & Product Costing

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  What is the difference between cost accounting and our normal accounting?

  Financial accounting tells you whether the company made a profit last year. Cost accounting tells you why — which product, line, customer or market earned the money and which one lost it — and what a unit costs to make today. You need both: the first for the tax authority and the bank, the second for running the factory and setting prices.

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  We already have an ERP. Why are our product costs still wrong?

  Usually because the system is only as good as its costing set-up: incomplete bills of materials, routings that don't reflect the shop floor, overhead that is never absorbed into products, standard costs that were never updated, or material issues recorded late. We fix the data, the process and the configuration — not just the software.

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  How do you set a price for a new customer or an export market?

  We build a price floor from the full cost per unit, then add what that specific deal costs you: freight and delivery terms, payment terms and financing, packaging and certification, and a buffer for exchange-rate movements. Your target margin sits on top. The result is a quotation model your sales team can use, with clear rules on how far discounts can go.

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  How much of our team's time does this take?

  Most of the work is done by our team from your data and systems. During the design phase we need a few hours a week from production, purchasing and the finance team, mainly to confirm how things really work on the shop floor. Production does not stop.

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  How are fees set?

  By the number of products and production lines, plants, and the state of your systems, and by whether you need a project, a monthly service or both. We confirm scope and fees in writing after a free 30-minute consultation.