How do flexible packaging manufacturers determine a cost for their products? There are many cost drivers and elements that may be used, such as material price lists, production batch sizes, scrap, yield, production resources, tooling, labor, hourly rates, overheads, and landed costs. But the core element to calculate the estimate or the cost is the formula.
Some SMEs are content just defining quantity values for the materials, while others wish to use more detailed information, such as product dimensions and density, to calculate the weight of materials.
The flexibility of CompuTec ProcessForce caters for both: the business and the user can opt to use product dimensions or simply quantities. It’s really an implementation decision.
