Introduces different cost types and explains how costs are classified and represented within manufacturing environments.
Programme Overview
This self-paced programme is delivered by our expert Bartosz Tyrała. Manufacturing organisations use ERP systems to structure and analyse product costs across materials, activities, and production processes. This programme introduces the fundamentals of product costing and explains how cost components, structures, and costing methods are represented in ERP environments. Learners progress from cost types and product cost components, through BOM and routing-based technical costing, standard cost calculation, and actual costing, to variance analysis and cost allocation mechanisms. Covering eight structured modules, the programme builds a thorough practical understanding of how product costs are described and interpreted in manufacturing.
Programme Structure
Key Module 1: Understanding Cost Types in Manufacturing
Key Module 2: Components of Product Cost in ERP Systems
Explains the main components of product cost and how ERP systems structure and represent these cost elements.
Key Module 3: Technical Cost of Production: BOM and Routing
Introduces the role of bill of materials and routing in cost structures and explains how they represent production processes.
Key Module 4: Standard Cost Calculation Methods
Explains standard costing concepts and how organisations structure cost estimation within ERP systems.
Key Module 5: Applying Standard Costing in Manufacturing
Explains how standard costing is described in manufacturing contexts and how cost structures are interpreted.
Key Module 6: Actual Costing and Variance Analysis
Introduces actual costing concepts and explains how differences between planned and actual costs are represented.
Key Module 7: Cost Centres, Activities, and Production Orders in ERP
Explains how cost centres, activities and production orders structure product costing within ERP environments.
Key Module 8: Cost Allocation and Calculation Mechanisms
Explains how costs are allocated and how calculation mechanisms structure cost representation in ERP systems.
Outcome and Impact
Business Outcomes
Learners understand production costing concepts in ERP systems, recognising how cost types, components and costing methods structure product cost data across manufacturing environments and processes.
Is this right for you?
Suitable for organisations introducing production costing concepts in ERP environments or teams in manufacturing, finance and operations who need to understand how ERP systems represent product costs.
Programme Impact
The programme builds shared understanding of production costing and ERP terminology, helping teams communicate clearly and interpret product cost structures consistently across manufacturing settings.