If you are a manager, supervisor, supply chain or planning professional in the manufacturing sector, you likely spend a lot of time understanding your ERP systems in terms of numbers, items, run time, capacity, and schedules. But, if you also need to communicate with other managers and supervisors, specifically financial and senior management, everything we do must be translated into the “language of money: cost sets.” Cost sets—such as raw materials, direct labor, indirect expenses, and overhead—play a crucial role in stakeholders’ understanding of the company’s overall financial performance. In this webinar, Don Lindsey covers:

• Cost Data Elements
• Setting up and Updating Costs
• Costing Methods and Cost Types
• Cost Simulations
• Cost Transactions and Reporting
• and, more

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Questions from the webinar

	What QAD Menu do you use to allocate overhead costs to products or services?
Here are some common methods used to allocate overhead costs to products or services: 25.3.22.1 – GL Allocation Create
	Have you seen any interesting applications of cost elements in QAD?
A company I worked at needed to pay royalties for one product. We created a cost element name Royalties and the system calculated our monthly payment to the royalty recipient.