Track your Margins with TraCost
TraCost is a digital cost management software application that is designed to help organizations manage their costs more efficiently.
The objective of TraCost is to provide significant benefits to organizations by improving cost tracking, accuracy, budgeting, and compliance. By providing real-time data and analysis,TraCost can help organizations make more informed decisions about their Raw Material costs, Forex variations, Commodity and scrap prices as well as identify opportunities for cost reduction, and optimize their financial performance
Tracost can:
- Calculate current margins offered by each customer
- Create reports for comparison and display them in buckets like products, families, customers etc.
- Provide historical trends of margin movement over a time frame
- Connect a supplier part costing with a customer BOM.
- Calculate the differential between rates offered to suppliers vis-à-vis rates received from customers
- Provide historical trends of Rate-differential movement over a time frame
Bill Of Material:
- Save multiple versions of a BOM
- Automatically generate folders for supporting documents for each part number
- Provide links to the folders in each BOM
- Provide a drag & drop facility to store mails, excel spreadsheets, scanned notes etc. in the respective folders
Manage Process Costs:
- Provide itemized process cost and overhead reports of products, customers, families etc.
- Provide detailed reports for total inspection cost, welding, assembly, stamping, packaging freight etc. as per customer BOMs
- Budget the various cost elements for the month / year as per customer BOMs and projected volumes
Recoveries:
- Calculate the amount for recovery on account of differences in RM, Scrap and Currency between current prices and settled prices
- Calculate recovery to suppliers on account of differences in RM, Scrap and Currency
- Enable Data-driven provisioning
