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Manufacturing Process Costing in Odoo

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Required Apps Manufacturing (mrp)
Sales (sale_management)
Inventory (stock)
Discuss (mail)
Invoicing (account)
Technical Name bi_odoo_process_costing_manufacturing
License OPL-1
Also available in version 17.0 15.0
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Technical Name bi_odoo_process_costing_manufacturing
License OPL-1
Also available in version v 17.0 v 15.0

Introduction

The Manufacturing Process Costing module for Odoo provides businesses with the tools to accurately calculate and track the costs associated with their manufacturing processes. By integrating material, labor, and overhead costs, this module offers a comprehensive view of production expenses, facilitating better financial planning and analysis.

Key Features

  • Material Cost Calculation: Automatically calculate material costs based on the components used in the manufacturing process.

  • Labor Cost Tracking: Track labor costs by assigning labor rates to work centers and recording actual labor hours spent on production.

  • Overhead Cost Allocation: Allocate overhead costs to manufacturing orders based on predefined criteria, ensuring accurate cost distribution.

  • Real-Time Costing: Obtain real-time updates on production costs as manufacturing orders and work orders are processed.

  • Cost Reporting: Generate detailed reports on material, labor, and overhead costs to analyze and optimize production expenses.

Benefits

  • Enhanced Cost Visibility: Gain a clear understanding of production costs, enabling informed decision-making.

  • Improved Financial Planning: Utilize accurate cost data to forecast expenses and set competitive pricing strategies.

  • Operational Efficiency: Identify cost-saving opportunities and streamline manufacturing processes.

  • Compliance and Reporting: Ensure compliance with financial reporting standards and regulations.

Compatibility & Technical Details

  • Technical Name: bi_odoo_process_costing_manufacturing

  • Dependencies: Requires Odoo modules: Manufacturing (mrp), Sales Management (sale_management), Inventory Management (stock), Discuss (mail), Invoicing (account).

  • License: Odoo Proprietary License v1.0 (OPL-1)

  • Codebase: Approximately 1,200 lines of code, ensuring robust functionality while remaining maintainable.

  • Installation: Install via Odoo Apps; configuration is straightforward with immediate functionality for manufacturing process costing.

Odoo Proprietary License v1.0
This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE SOFTWARE.