Smart Solution for Monitoring and Simulating Production Costs and Profitability
Soon to be Released
The Finance Module is an upcoming feature of the Digital Factory Platform. It will enable manufacturers to monitor and simulate production costs, analyze revenue flow, and calculate profitability at a granular level for each product and production line. With this tool, manufacturers can evaluate the ROI of their actions and minimize costs through data-driven decisions.
Top Use Cases of Finance Module
- Real-Time Cost Analysis: Monitor labor costs, overtime, maintenance, raw materials, energy costs, and other overheads on a single page for each product. Track historical changes in revenue and profit.
- Cost/Profitability Simulation: Use digital twin-driven simulations to estimate how changes in OEE, production time and quantity of specific goods, or variations in costs will impact profitability. This enables more agile manufacturing and accurate ROI calculations for your initiatives.
- Effective Budget Allocation: Optimize resource allocation by forecasting expenses and revenues, ensuring funds are directed to the most profitable production lines or products.
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