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Costing in PrintSmith has 3 distinct functions. It is also a big part of my onsite visits as it can be very time consuming to set up.
The first function is to determine what your "actual" costs are in a job. This is vital when quoting and this is crucial to be as close to 100% of your "actual" cost so that you can be accurate in producing "winning" quotes. No sense in making low/unprofitable quotes to get work in!
One common mistake in setting up costing is the lack of your "actual" cost. I have seen some users put in costs for a function and forget to put in the labor rate. In the following example, I have seen some users just put in $3.75 for the cost of plates and forget to put in the $45.00 per hour rate and the fact that 10 plates can be produced in an hour. The $8.25 cost is very different than just the $3.75 cost.
The 2nd function of costing has to do with TRACKER. Tracker captures the "estimated" cost and compares it to the "actual" cost of the job. So in the plate situation, if you need 5 plates for a job, the "estimated" cost would be $41.25, now if 2 plates were ruined and tracker was activated and used correctly, you would see the "actual" cost was really $57.75. (Tracker was discussed in a previous issue, and I will discuss it again in an upcoming issue).
The 3rd function of costing has to do with Scheduler. In the above plate charge, we have the number of plates that can be produced in an hour at 10. Thus if we were doing a 4/4 job with 10 signatures, we would need 8 hours to make the plates. Scheduler would then set aside 8 hours on the scheduling board.
Remember, if the 10 plates per hour is incorrect, then your costs are wrong and your scheduled time would be wrong as well.
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