
The Internal Cost Control System is vital for continuous cost monitoring, control, and optimization in manufacturing. It focuses on setting up processes and mechanisms that enable early detection of deviations, waste, and inefficiencies, so corrective actions can be taken based on reliable data.
Establish cost control processes at every production and operational stage.
Automated monitoring of budget vs. actual cost deviations.
Efficiency control of resources (materials, people, equipment).
Prevention of financial losses from errors, poor management, or uncontrolled processes.
Indicative Implementation Duration: 6 to 10 weeks depending on company size and maturity of existing systems.


Tasks Description

Production Actual Cost Analysis
Benefits to the Business
Increased transparency and internal operational control.
Improved forecasting and financial planning accuracy.
Immediate detection of deviations and ability to take corrective actions.
Systematic monitoring of efficiency and elimination of waste.
Promotion of cost awareness culture among staff.

Deliverables
Internal Cost Control Plan document (manuals & templates).
Dashboard for key cost KPIs monitoring.
Cost flowcharts and control at production points.
Staff training for production and finance teams.
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