Good costing information makes management decisions easier
Do you know how much it costs to produce, promote, sell, and distribute each of your product lines or services? And do you know which customers, products, and services are profitable? Accurately answering questions about cost and profitability depends on having quality and timely information available.
Plante Moran’s cost management solutions are designed to ensure you have the information you need to make confident, strategic decisions in the risky and highly competitive global marketplace.
Our solutions are tailored to your specific environment to accurately model material, labor and overhead costs based on key drivers such as yield, productivity and capacity utilization. Our solutions are easily updated to capture and reflect refinements in your methods and reduced/increased costs, which enables you to stay on top of your costing and estimating process and become a more effective competitor.
Our analysis and data will help:
- Support product quoting
- Inform make/buy decisions
- Measure the impact of new investments
- Measure process costs
- Model the trade-offs between production variables
Insights into cost management and estimating
Many approaches exist to generate meaningful management accounting information including traditional standard costing, activity-based costing, throughput accounting, resource costing, and lean accounting.
Each approach has a group of staunch supporters claiming that their approach is the best. The reality, however, is that no single approach can corner the market. But each offers useful concepts. To provide you the quality data you need, our cost management consultants borrow from all available accounting concepts to tailor a reporting system that supports the specific needs of your organization.
Emphasis on practical solutions
Because Plante Moran serves a range of industries from manufacturing
and service, our consulting team will know your industry trends and will work with you to understand your specific costing and estimating requirements.
You will appreciate their practical approach. Their experience and knowledge are so well respected that many industry groups ask them to develop training and education courses for their members. Our cost management solutions include:
- Product/Service costing & quoting process improvement
- Costing & estimating models
- Overhead rate & process cost models
- Education & training
- Product/Service/Customer/Market channel profitability analysis
- ERP cost system implementation
- ERP system standard cost updates
- Process cost improvement
- Performance measurement systems
As you position your business to capitalize on opportunities, you can depend on our cost management solutions to ensure your decisions translate into profits to sustain and grow your business.