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Streamlining Product Costing for a Chemical Manufacturing Company with SAP Business One

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The Challenge

A leading chemical manufacturing firm in India was struggling to get accurate and timely insights into their product costing. Their existing manual system was fragmented, leading to:

  • Inconsistent raw material costing
  • Lack of visibility into actual production overheads
  • Difficulty allocating costs across multi-stage formulations
  • Delayed financial analysis, affecting pricing and profit decisions

The finance team often relied on spreadsheets and disconnected systems, resulting in errors and reactive decision-making.

The Solution

GSUS Star Software Solutions implemented SAP Business One ERP tailored specifically for the chemical industry. The focus was to automate and standardize product costing with end-to-end visibility. Key modules deployed:

  • Bill of Materials (BOM) for multi-level formulations
  • Inventory Management integrated with batch costing
  • Production and Resource Planning (MRP) for real-time cost allocation
  • Cost Accounting and Finance Module for automated journal entries

Additionally, custom reports were built to track standard vs. actual cost deviations, helping the company pinpoint inefficiencies.

The Impact

Within 90 days of implementation, the company achieved:

  • 99% accuracy in product cost calculation
  • 30% reduction in time spent on monthly costing reports
  • Real-time visibility into raw material price fluctuations and their impact on final cost
  • Improved pricing decisions based on actual cost margins

Stronger compliance with GST and excise duties through integrated tax setup

Looking to fix your product costing challenges?

Talk to our experts and discover how GSUS can help you leverage SAP Business One to its full potential.

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Client Testimonial

Project Details

Company Name:

Leading Manufacturing Company

Industry:

Manufacturing

Solution Implemented:

SAP Business One

Location:

Chennai, India
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"With GSUS and SAP Business One, we finally have a reliable system that gives us accurate cost insights at every stage of production. It has transformed our planning and profitability."
CFO, Manufacturing Company
CFO
Leading Chemical Manufacturer