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Develop and monitor the cost-effective data accumulation systems needed to provide an appropriate level of costing information to Management.
Update standard cost of products with change of cost of materials and overheads on monthly basis.
Suggest the feasibility of price for quotations to institutional tenders.
Prepare budget of manufacturing overheads before start of ensuing year and analyze the actual results against planned data to highlight the significant deviations on monthly and year to date basis.
Review work in process and analyze the movement of work in process to finished goods inventories to identify inventories stuck up in work in process for longer time.
Conduct physical counts with internal auditors and incorporate adjustments in inventory ledgers and GL after obtaining approval from Management.
Ensure that all issuance of materials is recorded in System on monthly basis.
Prepare inventory reports on monthly and YTD basis with comparative figures of prior periods.
