15 Jul Enterprise Product Costing

Enterprise Product Costing (EPC) is a management concept that consolidates department-specific approaches into a single cost management system. When used holistically, EPC effectively enhances the transparency of the cost situation in the enterprise, facilitates cross-departmental and cross-site collaboration, prevents errors in information sharing (e.g., of cost data) and increases efficiency in the generation of results – for proposals or preparing orders. EPC software forms the operational core of this concept and simplifies its introduction. This white paper examines the basics for the introduction of EPC and shows practical steps for implementation.

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