BOM INSIGHTS

Take Control of Your Bill of Materials Data

InstaNext’s proprietary cloud-based technology helps companies incorporate various inputs directly into their BOMs in order to effectively create real-world cost projections.  InstaNext also delivers a powerful suite of analytics tools that provide increased visibility of cost drivers making it possible to make well informed hedging and pricing decisions.

InstaNext Bill of Materials BOM Screen Shot

Key Features

  • Increased visibility into the true cost drivers of all your products
  • Instantly project all your finished goods costs into the future
  • Capture/Import/Interface native products & BOMs from your ERP/MRP system
  • Open historical periods to review prior values
  • Easily create a current flash period by rolling previous period data into new period
  • Visualize your BOMs in an easy to read tree structure
  • Model your BOMs and include with unlimited external cost drivers such as: freight, labor, futures markets, etc.
  • Calculate required volumes of ingredients and hedgeable exposures based on top level finished goods
  • Capture modeled and non-modeled cost projections using an easy to use excel-based format
  • Utilize system-based formulas to generate cost projections and calculations
  • Capture current prices paid, inventory on-hand volumes, and fixed price contracted deliverables
  • Data pivot tool to drill-down into the detailed BOM tree
  • Incorporate your hedging program so you can see accurate longterm cost projection
  • Calculate projected spend, unit-costs, and amounts of commodity exposures hedged
  • Summary Pivot tool that allows the comparison of multiple flash periods
  • Create sandbox market scenarios and see the impact on price favorability

 

InstaNext Commodity Trading and Risk Management (CTRM) software is available as a cloud-hosted solution and can also be installed on site. The commodity management solution is widely used across the energy, commodity trading, consumer packaged goods, and agricultural industries. InstaNext supports all types of trades including forwards, futures, over-the-counter (OTC), swaps, foreign exchange, and options.