Product Costing Module in Erp
Development of Product Costing Module in ERP for L&T Kansbahal Works, Kansbhal, Orissa : A Case Study
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Seema G. Bhol, 2Arun Mishra & 3Srikanta Patnaik Sambalpur University, Burla, Orissa, India, 2Head (IT Services), L&T, Kansbhal, Orissa, India, 3 Department of Computer Science ITER , SOA University , Bhubaneswar, Orissa, India E-mail : guptaseema@hotmail.com, arun-kbl@kbl.ltindia.com, patnaik_srikanta@yahoo.co.in
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Abstract - One need to be very accurate in what the products and services are costing. Inaccurate cost components could cost an organization more dearly. So, to full fill our present and future requirements and ambitions in all respect of life, it is essential enhance our expertise to link the power of today 's information technology with the tools of economic theory and business strategy.[2] This paper aims at throwing new lights on various developments and formulate strategy for their implementation. Keywords— Business Mapping Report (BMR), Product costing, Dataflow Diagram, Enterprise Resources Planning (ERP), cost overhead, cost centres, Cost variance report, WIP.
. 1. INTRODUCTION businesses, non-profit organizations and governments now all utilize ERP systems. The use of erp module saves time and money without sacrificing accuracy and control. Product costs are analysed quickly and accurately, which empowers the organization with the ability to perform minute analysis and projections of product cost. Few of the many advantages of product costing are: • • • • • Streamlined integration Enhanced data accuracy Powerful cost analysis Automated cost calculation Extensive instant reports
Businesses all around the world are increasing their reliance on ERP programs as a cost efficient alternative to their current manual procedures or their piecemeal software applications. [1] ERP (enterprise resource planning) is an industry term for the broad set of activities supported by multimodule application software that help a manufacturer or
1
Seema G. Bhol, 2Arun Mishra & 3Srikanta Patnaik Sambalpur University, Burla, Orissa, India, 2Head (IT Services), L&T, Kansbhal, Orissa, India, 3 Department of Computer Science ITER , SOA University , Bhubaneswar, Orissa, India E-mail : guptaseema@hotmail.com, arun-kbl@kbl.ltindia.com, patnaik_srikanta@yahoo.co.in
1
Abstract - One need to be very accurate in what the products and services are costing. Inaccurate cost components could cost an organization more dearly. So, to full fill our present and future requirements and ambitions in all respect of life, it is essential enhance our expertise to link the power of today 's information technology with the tools of economic theory and business strategy.[2] This paper aims at throwing new lights on various developments and formulate strategy for their implementation. Keywords— Business Mapping Report (BMR), Product costing, Dataflow Diagram, Enterprise Resources Planning (ERP), cost overhead, cost centres, Cost variance report, WIP.
. 1. INTRODUCTION businesses, non-profit organizations and governments now all utilize ERP systems. The use of erp module saves time and money without sacrificing accuracy and control. Product costs are analysed quickly and accurately, which empowers the organization with the ability to perform minute analysis and projections of product cost. Few of the many advantages of product costing are: • • • • • Streamlined integration Enhanced data accuracy Powerful cost analysis Automated cost calculation Extensive instant reports
Businesses all around the world are increasing their reliance on ERP programs as a cost efficient alternative to their current manual procedures or their piecemeal software applications. [1] ERP (enterprise resource planning) is an industry term for the broad set of activities supported by multimodule application software that help a manufacturer or
References: International Journal of Computer Science & Informatics, Volume-I, Issue-II, 2011 Development of Product Costing Module in ERP for L&T Kansbahal Works, Kansbhal, Orissa : A Case Study International Journal of Computer Science & Informatics, Volume-I, Issue-II, 2011