Production Variance Report

Measure the difference between planned and actual production costs and get insights into why variances occurred. Prophix One, a Financial Performance Platform, offers complete visibility and a single version of truth, ensuring that everyone—from production managers to cost accountants—can easily identify whether variances are due to price changes, over- or under- use of raw materials, shifts in usage, gaps in productivity, over- or under- applied manufacturing overhead or any number of operational factors.

Drilling into data is made easy and more accessible to business leaders. Prophix One provides an overview of integrated data on materials prices, units, wage rates, overhead costs and more, making key analyses on your material and labor variances simplified and automated. As a result, you can quickly identify whether a material variance requires you to evaluate an equipment calibration issue or whether raw materials are defective, or if a favorable labor variance means the latest training or optimized workflow is functioning as expected.

Achieve greater cost control, improve your operational efficiency, and help your production teams stay informed and accountable. Real-time and easily drillable insights mean you can stay ahead of the curve and identify areas for scaling, reinforce efficient strategies and boost profitability.