Accurate cost rollups are essential to maintain financial health and competitive pricing. Yet, achieving precision in cost rollups is often challenging in ways that can undermine the effectiveness of your cost management strategy.
Do you struggle with inaccurate cost rollups? With accuracy in your products’ standard cost? Do you have trouble easily tracking purchasing cost changes and promptly reflecting them in the cost of final products? Is keeping up with the multiple new part numbers that need cost assignment a challenge?
Overcoming these challenges is crucial if you want to optimize your cost rollup processes and ensure the accuracy of your product pricing. In this webinar, Olena Stepovyk demonstrates the new Cost Rollup Workbench that makes accuracy and efficiency easier for QAD users and allows them to be proactive with cost assessment for the products they manufacture.
Can we use different price lists for this kind of simulation cost rollup and then compare the results?
Yes. You can either prepare two simulation cost sets and use different price lists (or costs) for each of them. Or, you can run a simulation with one cost, save the results in the text or Excel file, then update costs in the same cost set and re-run the simulation again. The first option, with two simulation costs, is better if you need to compare the results and choose between the two cost sets.
Where can you change the work center rates? I do not see it in the demo.
There are separate menus in QAD for simulation work center rate maintenance and simulation subcontract maintenance. Those functions are not included into the Cost Rollup Workbench. If you need to change the simulation work center rates or subcontract costs, you can do so directly in QAD.
How can I simulate changes to BOMs? For example, to review the cost impact of component change.
QAD does not have a simulation option where you can maintain a simulation set of BOMs. However, there are a couple of work arounds. For example, you can create a change to the BOM with a future effective date. This will not affect current BOMs and can be easily done with our Product Structure Data Loader. Then you can run the simulation cost rollup as of that future date. This will pick up changes to the BOM and you will be able to review the cost impact.
Will the cost rollup process change with QAD O3?
We don’t know if or how the cost rollup process will change with O3 at this time, but we will see what we can find out and provide and update.
by Cathy Helmers | on 8th August 2024 | in Blog, Webinars