{"id":689,"date":"2017-03-07T15:02:37","date_gmt":"2017-03-07T15:02:37","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=689"},"modified":"2022-12-21T09:05:59","modified_gmt":"2022-12-21T09:05:59","slug":"much-products-cost","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/","title":{"rendered":"How much do my products cost?"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost-1024x589.jpg\" alt=\"\" class=\"wp-image-691\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost-1024x589.jpg 1024w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost-300x172.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost-768x441.jpg 768w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg 1044w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #343333;color:#343333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #343333;color:#343333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#What_is_product_cost\" >What is product cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#Standard_cost_accounting\" >Standard cost accounting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#Product_cost_calculation_in_MRPeasy\" >Product cost calculation in MRPeasy<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_product_cost\"><\/span>What is product cost?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It\u2019s important to know the manufacturing cost of your products. This is one of the most significant and defining factors in any manufacturing business.<\/p>\n\n\n\n<p>The sales price is the value the company receives for making the product. The key question is &#8211; at what cost does this come? If the cost is higher than the value, the company is losing money; if the cost is lower, it\u2019s making money.<\/p>\n\n\n\n<p>The product cost is made up of three main components:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Material cost \u2013 price paid for all the materials used in the product.<\/li><li>Manufacturing overhead \u2013 costs associated with operating the machinery and running the factory.<\/li><li>Labour cost \u2013 the wage workers are paid for making the product.<\/li><\/ol>\n\n\n\n<p>Having a clear understanding of the cost will provide important input for making decisions by answering many questions, for example:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Does the product really cost what you think?<\/li><li>Why does it cost that amount?<\/li><li>How much profit is the company making off this product?<\/li><li>Which cost components need improvement, if any?<\/li><li>What direction should the sales price change, if any?<\/li><li>In what direction should the cost or profit move?<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Standard_cost_accounting\"><\/span>Standard cost accounting<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the 1920s, the Standard cost accounting method was introduced. Simply described, it works as follows:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>In the beginning, company estimates the cost of products (this is a Standard cost).<\/li><li>After some period, company calculates actual costs.<\/li><li>Actual costs are compared to standard costs; the difference is called a e. varianc<\/li><\/ol>\n\n\n\n<p>Knowing variances allows for analyzing efficiency, improving estimations and making better quotations.<\/p>\n\n\n\n<p>The Standard cost accounting method was good enough when the world was slower, competition was not as tough, prices were not so volatile and product life cycle was longer. Nowadays, this method has several drawbacks:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Standard costing uses methods that do not give as precise costs as possible.<\/li><li>Feedback is relatively slow.<\/li><li>When variances arise, it is difficult to find the source.<\/li><\/ol>\n\n\n\n<p>Modern technology &#8211; that is, Manufacturing Resource Planning (MRP) &#8211; allows for more precise calculations and better estimations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Product_cost_calculation_in_MRPeasy\"><\/span>Product cost calculation in MRPeasy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In <a href=\"https:\/\/www.mrpeasy.com\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">MRPeasy<\/a>, product costs are calculated with great accuracy:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>The cost of materials used in the creation of a product is calculated.<br>A document, called <strong><a href=\"https:\/\/www.mrpeasy.com\/blog\/bill-of-materials\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bill of Materials<\/a><\/strong>, is used to list all the materials used in the making of the product.<br>The cost of all reported materials used in production is calculated, which makes handling even special situations easy; e.g. in a situation where materials are consumed in excess.<\/li><li>The manufacturing overhead is calculated.<br>A document, called <strong>Routing,<\/strong> is used to define all production operations, times and costs and assigns these to specific work stations. If there are several work stations of the same type, each can have a different time cost, which will be considered.<\/li><li>The labour cost is calculated.<br>Each workers\u2019 wage is defined and the labour cost is calculated based on time reported working on every operation, or quantity reported produced.<\/li><\/ol>\n\n\n\n<p>Even before production begins, it is possible to <a href=\"https:\/\/www.mrpeasy.com\/manufacturing-cost-analysis-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">accurately estimate the cost of the product<\/a>. Once production is completed, the exact cost of the product is known.<\/p>\n\n\n\n<p>Finally, in the CRM section, and in the <strong>Statistics<\/strong> tab, there are many reports, which will clearly show the cost structure along with profit\/loss information. For example, you can easily check which products sold were the most profitable last month, which customers bring you the most revenue, etc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is product cost? It\u2019s important to know the manufacturing cost of your products. This is one of the most significant and defining factors in any manufacturing business. The sales price is the value the company receives for making the product. The key question is &#8211; at what cost does this come? If the cost [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":691,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[92,94],"tags":[22],"class_list":["post-689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","category-tips","tag-product-cost"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How much do my products cost? - Blog for Manufacturers and Distributors<\/title>\n<meta name=\"description\" content=\"What is product cost and how to calculate it? How to do standart cost accounting? Read this article and try MRPeasy, Free Trial\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How much do my products cost? - Blog for Manufacturers and Distributors\" \/>\n<meta property=\"og:description\" content=\"What is product cost and how to calculate it? How to do standart cost accounting? Read this article and try MRPeasy, Free Trial\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog for Manufacturers and Distributors\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-07T15:02:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-21T09:05:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1044\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MRPeasy Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MRPeasy Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/\"},\"author\":{\"name\":\"MRPeasy Team\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/d8f81e364d9eb5f4cfd957434932be37\"},\"headline\":\"How much do my products cost?\",\"datePublished\":\"2017-03-07T15:02:37+00:00\",\"dateModified\":\"2022-12-21T09:05:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/\"},\"wordCount\":568,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg\",\"keywords\":[\"product cost\"],\"articleSection\":[\"Accounting\",\"Manufacturing Tips\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/\",\"url\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/\",\"name\":\"How much do my products cost? - Blog for Manufacturers and Distributors\",\"isPartOf\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg\",\"datePublished\":\"2017-03-07T15:02:37+00:00\",\"dateModified\":\"2022-12-21T09:05:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/d8f81e364d9eb5f4cfd957434932be37\"},\"description\":\"What is product cost and how to calculate it? How to do standart cost accounting? Read this article and try MRPeasy, Free Trial\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#primaryimage\",\"url\":\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg\",\"contentUrl\":\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg\",\"width\":1044,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mrpeasy.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How much do my products cost?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#website\",\"url\":\"https:\/\/www.mrpeasy.com\/blog\/\",\"name\":\"Blog for Manufacturers and Distributors\",\"description\":\"MRPeasy\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mrpeasy.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/d8f81e364d9eb5f4cfd957434932be37\",\"name\":\"MRPeasy Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/77a818fadc592adc3e6ce12577be4b255cb56181eb8a1182bf1f6aa22a350495?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/77a818fadc592adc3e6ce12577be4b255cb56181eb8a1182bf1f6aa22a350495?s=96&d=blank&r=g\",\"caption\":\"MRPeasy Team\"},\"description\":\"We are a passionate team dedicated to changing the reputation that \u2018MRP systems are complex\u2019, \u2018difficult to use\u2019, and \u2018expensive\u2019. A robust MRP system is essential for efficient production, but it doesn\u2019t have to be so complex that the costs of implementing and operating it outweigh the benefits. We believe that an MRP system can be powerful, simple, and affordable.\",\"url\":\"https:\/\/www.mrpeasy.com\/blog\/author\/mrpeasy\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How much do my products cost? - Blog for Manufacturers and Distributors","description":"What is product cost and how to calculate it? How to do standart cost accounting? Read this article and try MRPeasy, Free Trial","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/","og_locale":"en_US","og_type":"article","og_title":"How much do my products cost? - Blog for Manufacturers and Distributors","og_description":"What is product cost and how to calculate it? How to do standart cost accounting? Read this article and try MRPeasy, Free Trial","og_url":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/","og_site_name":"Blog for Manufacturers and Distributors","article_published_time":"2017-03-07T15:02:37+00:00","article_modified_time":"2022-12-21T09:05:59+00:00","og_image":[{"width":1044,"height":600,"url":"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg","type":"image\/jpeg"}],"author":"MRPeasy Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"MRPeasy Team","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#article","isPartOf":{"@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/"},"author":{"name":"MRPeasy Team","@id":"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/d8f81e364d9eb5f4cfd957434932be37"},"headline":"How much do my products cost?","datePublished":"2017-03-07T15:02:37+00:00","dateModified":"2022-12-21T09:05:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/"},"wordCount":568,"commentCount":0,"image":{"@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg","keywords":["product cost"],"articleSection":["Accounting","Manufacturing Tips"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/","url":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/","name":"How much do my products cost? - Blog for Manufacturers and Distributors","isPartOf":{"@id":"https:\/\/www.mrpeasy.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#primaryimage"},"image":{"@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg","datePublished":"2017-03-07T15:02:37+00:00","dateModified":"2022-12-21T09:05:59+00:00","author":{"@id":"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/d8f81e364d9eb5f4cfd957434932be37"},"description":"What is product cost and how to calculate it? How to do standart cost accounting? Read this article and try MRPeasy, Free Trial","breadcrumb":{"@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#primaryimage","url":"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg","contentUrl":"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2017\/03\/product_cost.jpg","width":1044,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.mrpeasy.com\/blog\/much-products-cost\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mrpeasy.com\/blog\/"},{"@type":"ListItem","position":2,"name":"How much do my products cost?"}]},{"@type":"WebSite","@id":"https:\/\/www.mrpeasy.com\/blog\/#website","url":"https:\/\/www.mrpeasy.com\/blog\/","name":"Blog for Manufacturers and Distributors","description":"MRPeasy","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mrpeasy.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/d8f81e364d9eb5f4cfd957434932be37","name":"MRPeasy Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/77a818fadc592adc3e6ce12577be4b255cb56181eb8a1182bf1f6aa22a350495?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/77a818fadc592adc3e6ce12577be4b255cb56181eb8a1182bf1f6aa22a350495?s=96&d=blank&r=g","caption":"MRPeasy Team"},"description":"We are a passionate team dedicated to changing the reputation that \u2018MRP systems are complex\u2019, \u2018difficult to use\u2019, and \u2018expensive\u2019. A robust MRP system is essential for efficient production, but it doesn\u2019t have to be so complex that the costs of implementing and operating it outweigh the benefits. We believe that an MRP system can be powerful, simple, and affordable.","url":"https:\/\/www.mrpeasy.com\/blog\/author\/mrpeasy\/"}]}},"_links":{"self":[{"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/posts\/689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/comments?post=689"}],"version-history":[{"count":10,"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/posts\/689\/revisions"}],"predecessor-version":[{"id":12838,"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/posts\/689\/revisions\/12838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/media\/691"}],"wp:attachment":[{"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/media?parent=689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/categories?post=689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mrpeasy.com\/blog\/wp-json\/wp\/v2\/tags?post=689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}