||KIT - Product Costing, Pricing & Monitoring System
KIT will mould itself to match your business needs – our flexible matrixes
enable extensive customisation so that you end up with virtually a bespoke system for:
- compiling standard costs and computing selling prices therefrom;
- extending orders into production requirements;
- historic reporting on actual sales made – down to each item of cost!
Starting from the basic premise that almost everything is made from something else -
we have the original concept for KIT. Each KIT is identified by its Stock Item Code and is a
list of one or more Components identified by their Item Codes - each Component will normally
have a net and a gross quantity (the gross quantities relate to the number of units of the
Component required to make the KIT, whereas the net means the quantity of the Component remaining
in the completed KIT that is net of wastage), and can have a construction note!
- Each KIT can be either a saleable product or a Sub Assembly (even both!).
- Although the KIT Components are identified by Stock Item Codes (so they have
to exist in the WAY Stock table) they can be anything - labour, materials, overheads,
et cetera, or even another KIT - in the latter case it is referred to as a Sub Assembly.
- There is virtually no limit to the number of KIT Components within any KIT.
- Sub Assembly components can be simple Stock Items or other KIT/s (that is other Sub
Assemblies). The nesting level of Sub Assemblies within Sub Assemblies is limited by the
amount of free memory on your computer system and certain other computer hardware/software
considerations. Even so it is highly unlikely that you will ever reach the limits as we are
normally talking in terms of hundreds (up to a few thousand) to each nested branch.
- Not only are KITs quick and easy to build, but there are also numerous tools provided
to make ongoing maintenance as quick and simple as possible – whether you want to just add
a fixed amount or percent to the whole range, or just part of a range, takes only a few
- To control standard costs we have created an “Elements” table where you can enter
details of unit costs, specific gravities and conversion multipliers – the table can be as
simple or as complex as you need to tailor it to your business.
- The first KITs were used within the manufacturing jewellery trade where it is quite
traditional to have different mark ups on the various labour processes, various metal types,
various gem stones (not only by different types but also dependent on stone size) and also
by the market that the final completed items are targeted at. Not to mention - trade prices,
retail prices, or whatever else in between.
- So in effect we needed to create an “elastic pricing matrix” that was flexible to
accommodate either one, or any number of, pricing factors to be applied to components dependent
on their: parent record PRICES Price Band, the “saleable” Stock Item Code, the Sales
Classification Nominal Code and the Kit Component Item Code.
- Thus our Stock, Groups and Factors (SGFs) were born to allow a totally flexible and
easily maintainable system for the above.
- Due to the elastic matrix algorithms at the core of the KIT engine, it can be configured
to almost any business. We have found that a brief “business systems review” meeting greatly
helps to see how KIT could be tailored to your business – to produce a virtually bespoke solution
to your needs at a very competitive price.
|WAY Accounting Suite
||1 to 5 users
|KIT Costing System
||1 to 5 users
|Initial on-site configuration
|Maintenance and support contract available
|Indicative price of typical installation
||£5,000 to £15,000+
All prices in GB Pounds Sterling - Prices (correct as at 1 September 2007)