Plexus Online supports Standard Costing, Job Costing, and Actual Costing, including a variety of summary, detail and cost variance reports. Plexus is designed to support the level of costing you need. Because Plexus tracks and records all physical events (receiving, production, inventory status changes, scrap, subcontract, shipping, etc.) on the shop floor, it's ideal for tracking cost. How much does it cost to make a certain part? Which parts are more profitable? How low a price can I afford to quote? Where is all my money going? Answer the questions with precise data instead of guesses.
Cost Setup This module is used to define and configure the Cost Types (Labor, Material, Overhead, etc) and Cost Sub Types (Setup Labor, Production Labor, etc) that are used throughout the rest of the system. This module is required as a base for all the other types of costing and also to configure labor activity tracking.
Part Cost Structure The Part Cost Structure module provides the ability to setup a sophisticated Cost Structure for each operation in the routing of each part (and each Material). Each part/operation cost is made up of one or more user-definable Cost Components (Labor, Material, Overhead, Packaging, etc). The values for each Cost Component can be entered manually or calculated automatically based on a formula which draws on data from data elsewhere in the system (such as the production rate defined in the Process Routing). The Cost Structure includes a full security scheme, a detailed change history, the ability to handle multiple Cost Models, the ability to copy, save and protect Cost Models, the ability to override specific automtically calculated values with manual entries, and a array of other features. The Part Cost Structure module can be used as a stand-alone module, but it is usually used as the basis for either the Simplified Standard Costing system or the Advanced Standard Costing System.
Inventory Valuation - Standard Cost Using the Part Cost Structure as its base, this module provides Inventory Valuation at Standard. The Valuation can be viewed as a detailed and/or summarized report, at the current moment in time or at any point in the past. This is ideal for those situations where the accounting department needs to know the inventory value at particular moments in time (at the beginning and end of the month, for example) in order to do its month end closing. This module also allows you to value inventory based on different Cost Models and to easily compare the results between the two.
Advanced Standard Costing This modules provides a full set of tools and reports for performing standard costing in a manufacturing company. It uses the Cost Setup, Part Cost Structure and Inventory Valuation modules as its base, and then adds additional capabilities. The most important capability is the Standard Costing Activity Report (SCAR). The SCAR shows an ultra-detailed and/or summarized history of all company activities that effect inventory valuation (at standard) between two points in time. These transactions include all receipts, production, consumption, scrap, manual inventory adjustments, cycle/physical inventories, and shipments --all valued at standard cost. The SCAR data can be searched and/or organized by Part/Operation, by Account, and a variety of other methods.
Actual Costing A comprehensive system for tracking actual costs within the manufacturing process by defining specific cost points.
Job Costing A system for tracking actual costs against specific jobs as they are processed.
