Manufacturing companies rely on vendors and distributors for acquiring and distribution of finished goods to the market. This collaboration plays a significant role in costing and cost analysis. Having data related to all the partners at a single platform can give a complete view of costing and profitability.

A production manager is responsible to keep a record of cost per unit which is vital for pricing decisions and promotions. Evaluating this cost is a complex process that requires considering several factors like direct material, direct labor, overhead costs, etc. A BI solution can provide you this information accurately. This mitigates the risks of mistakes and suggests timely corrections if needed.

Evaluating overhead costs is complex and includes several subjective factors. For instance, while calculating labor costs, it is not enough to know the role and wages. You have to link the individuals and their efficiency to find the actual cost of each task in the process. A BI system can give you this information clearly, precisely, and timely.