Bill of Material & Formula Cost Roll-UP
Introduction
The Bill of Materials (BOM) and Formula Cost Roll-Up process is a crucial element in manufacturing, involving the detailed calculation of costs associated with a product. The BOM outlines all necessary components, and the cost roll-up aggregates these costs, offering a comprehensive view of production expenses. This process is essential for accurate pricing, strategic decision-making, and effective financial planning in manufacturing businesses.
Business process
The business process for the Bill of Materials (BOM) and Formula Cost Roll-Up involves a systematic approach to calculate and manage the costs associated with manufacturing a product. Here's a simplified overview:
Process- Bill of Material & Formula Cost Roll-UP
Organization : User have to mention the organization here.
Accounting schema : user have to select the accounting schema here
cost Type : user have to select the cost type according.
costing method: user have to select the costing method.
product: user have to select the product here.
product category: user have to select the product category here
product type : user can select the product type
resource: user can select the resource here.
warehouse: user can select the warehouse here.
while user click on the "ok" button system will intergrade with the bill of material and formal cost element cost