Calculation, simulation, analysis and optimization

with FACTON EPC 

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A 360° VIEW OF YOUR PRODUCT COSTS

The FACTON EPC Suite is designed to ensure that calculating, analyzing, simulating and optimizing leads to profitable growth in all business areas — and that all business areas pull together when it comes to costing.

Functionalities at a glance

Costing

  • Costing of tenders
  • Investment appraisal
  • Costing over product lifecycle
  • Open book accounting
  • Product and project costing
  • Capability maturity
  • Standardization of methods
  • Turnover and cost planning
Costing
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Simulation and analysis

  • Ad-hoc reporting
  • Purchasing volume analysis
  • Concept comparison
  • Cost driver analysis
  • Make or buy analysis
  • Simulation of commodity prices
  • Simulation of exchange rates
  • Comparison of production locations
Simulation and analysis
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Optimization

  • Purchased parts price analysis
  • Consistent pricing
  • Portfolio management
  • Price justification
  • Target-actual comparison
  • Relocation of production
  • Cycle time calculation
  • Target costing
Optimization
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Fast and standardized costing with FACTON EPC

With FACTON EPC, manufacturing companies can perform their costing tasks quickly and in a consistent manner. The software includes a range of standard models and methods for all general costing tasks. These calculations are performed quickly and with the necessary accuracy, using the standardized costing tool. FACTON EPC thus serves as the centralized information and data pool for the analysis of the commercial viability of a product or project.

Opportunities and risks identified based on detailed analyses and simulations

FACTON EPC offers a range of functions for the transparent and accurate analysis of costing data, which forms the basis for a thorough evaluation of opportunities and risks. Companies can perform such analyses across the entire lifecycle of a product, securing the success of the enterprise well into the future.

Cost structures and the sensitivity of certain cost items can be analyzed in a flexible manner based on relevant parameters. In addition, the software allows for simulation runs with a large range of parameters. In FACTON EPC, users can set up analyses and simulations to cover any chosen time period. FACTON EPC always applies the input parameters as valid for that period, so that analyses and simulations are accurate for any chosen year.

Optimizing costs and processes with FACTON EPC

With FACTON EPC, companies can quickly identify potentials for cost optimization. Apart from optimizing processes at the product level, the software comes with a number of special functions that allow for targeted portfolio management.

With FACTON EPC, users optimize costs quickly and efficiently – for example, with FACTON's integrated variant management tools that allow for the re-evaluation of alternative solutions based on previously calculated costings. Users are in a position to compare new options with previous ones. The EPC application documents optimized options and existing costings, and saves them in the form of different versions that can then be analyzed further to determine their actual impact on costs.

BEST PRACTICES

Glossary: Costing with Enterprise Product Costing Systems

Find out how companies perform their costing tasks quickly and in a consistent manner.

Glossary: Costing with Enterprise Product Costing Systems

Glossary: Simulating and Analyzing with Enterprise Product Costing Systems

Learn how EPC systems help companies to identify chances and risks by detailled simulations and analyses.

Glossary: Simulating and Analyzing with Enterprise Product Costing Systems

Glossary: Optimization with Enterprise Product Costing Systems

Find out how companies identify potentials for cost optimization in a fast way.

Glossary: Optimization with Enterprise Product Costing Systems