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Why you need accurate budgeted hourly rates and CostRatesAdvisor.
And what our 400+ customers figured out. More about our customers.>
CostRatesAdvisor will increase your "good sales" and profitability.
higher profits

Knowing your true out-of-pocket costs is a vital consideration when pricing work. Considering the industry's competitive and unpredictable environment, prices that are off just a few dollars can have a substantial impact on winning orders and making a profit.

CostRatesAdvisor gives your organization's greater confidence when pricing jobs by providing a clear understanding of your "true costs". It tells exactly how much you must charge for your equipment and services in order to recover costs, and more importantly, make a profit.

Having better information will sharpen your estimates and pricing, and significantly increase sales and production with high profit "good sales", and help to avoid the least lucrative work.



Business Decisions
Make better business decisions.

Measuring the cost and performance of your organization is a requirement for making good business decisions. If you don't measure it, you can't manage it and you can't improve it.

Cost Rates Advisor performs a detail analysis of your financials, production information, factory costs, labor costs, overhead costs, production equipment, staffing, and other elements. It will help you make decisions about:

Cost Recovery. Are you charging customers for all your out-of-pocket costs? Are there services you're providing that are not being billed? Are your prices recovering all your costs?

Staffing. Are you overstaffed or understaffed in a particular area? How would adding another shift impact costs and rates?

Equipment. Do you have equipment that is underutilized and non-profitable? How would new digital press impact costs and rates?



software
Your estimating and costing software needs budgeted hourly rates.

Your MIS software depends on accurate budgeted hourly rates for estimating, job costing, sales analysis, monthly work-in-process reports, and other essential functions.

Cost Rates Advisor analyzes your financial and production information and calculates budgeted hourly rates for your equipment and services. It gives you the rates needed by your MIS/ERP software for estimating, pricing, and tracking job costs such as EPMS Enterprise, Avanti, ePace, Monarch, Tharstern, Accura, Printreach, Radius, Microsoft Dynamics, and other software.

If your cost rates are flawed or outdated, so are your estimates and costing reports.



benchmark
Don't operate in a vacuum!

Cost Rates Advisor benchmarks your labor, factory, and overhead costs to thousands of rates from other printing and packaging organizations. Compare individual cost centers or compare your entire plant.

Determine why your prices are higher than the competition on certain quotes and lower on others. Are your labor costs driving up prices? Or maybe it's your overhead costs?

Compare your labor, factory, and overhead costs rates to thousands of costs rates from other companies with similar equipment.

Compare individual cost centers or compare your entire plant to companies with similar equipment.

Find out if your costs and rates are higher or lower than the competition and industry

quality-printing
How Outdated Cost Rates Almost Put Quality Printing Out of Business.

Inaccurate budgeted hourly rates (BHRs) can put a printing company out of business as one company found out the hard way. Quality Printing* is a sheetfed, digital, and large format printing company with 75 employees located in the Midwest United States.

The budgeted hourly cost rates they used for estimating, pricing, and job costing was indiscriminately updated over the years. When they finally updated their rates...
Read The Full Story >>

Profectus Inc Profectus, Inc. · Sarasota, Florida · United States · Phone: 1-888-868-8662
Business management consultants specializing in the printing & packaging industry since 1993.
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