System functions and benefits

The system performs four core functions, and these are reflected in tangible benefits for the organization’s financial and operational performance.

Main functions

• Cost analysis: Distributing costs on accurate and systematic bases • Production planning: Improving the production planning process and allocating resources efficiently • Achieving efficiency: Reducing waste and resource loss • Financial reporting: Providing accurate and reliable reports on manufacturing performance

Benefits

• Improving cost control • Improving production effectiveness • Providing accurate data for profitability analysis • Enhancing the accuracy of financial reports