Costing is a critical function for every manufacturing company. However, many small and medium-sized industries struggle to implement a reliable system internally, either due to lack of resources or expertise. In such cases, outsourcing costing to an external partner can be a strategic choice.
What does outsourcing costing mean?
Outsourcing costing refers to delegating the development, monitoring, or ongoing support of the costing system to a specialized consultant or company. This can include:
- Analysis of production costs and overheads
- Development of costing models in Excel or ERP
- Monitoring costs per product and customer
- Staff training and decision-making support
What are the benefits?
- Access to expertise
An external partner brings experience from other companies and proven best practices. - Lower cost compared to a permanent position
Instead of hiring a full-time experienced controller or cost accountant, the company can access high-level services at a lower cost. - Focus on production
The internal team remains focused on operations without being burdened with additional technical tasks. - Objectivity & efficiency
The external partner evaluates operations without “internal biases” and delivers concrete results.
When is the right time?
Outsourcing costing is especially useful when:
- The company does not have a costing system and wants to start in an organized way
- The ERP system does not fully cover costing needs
- There is a need for support in pricing and cost-related decisions
- The company is preparing for growth, exports, or new products
Conclusion
Outsourcing costing is not a luxury — it is a control and growth tool. With the right partner, a company can gain an accurate picture of its costs, improve its margins, and plan its future based on data.
Want to see if this solution is right for your business? Contact us for a free initial evaluation.