Internal Cost Control System

We identify deviations and establish monitoring mechanisms by code or cost center.

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

Analysis of existing cost structure and data flows.

Design and implementation of control mechanisms: Production and materials reports (consumption tracking), Cost KPIs per production line or unit, Cost budgets and monthly deviation reports

Design and implementation of control mechanisms: Production and materials sheets (consumption monitoring), cost KPIs per production line or unit, Cost budgets and monthly variance reports

Definition of alert indicators for cost overruns.

Integration with ERP or other IT systems for automated data flow.

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.

Contact us!

+30 698 6386530
info@rpconsulting.gr

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