Top 10 Best Product Costing Software of 2026

aPriori is a leading product costing software platform that uses physics-based digital twins and manufacturing process simulations to deliver highly accurate cost estimates for parts and assemblies early in the product design phase. It supports over 30 manufacturing processes, integrates seamlessly with CAD, PLM, and ERP systems, and provides actionable insights for cost reduction, sourcing, and sustainability. By automating should-cost analysis, it helps manufacturers optimize designs for profitability before production.

Costimator by MTI Systems is a robust product costing software tailored for discrete manufacturers, enabling rapid and accurate cost estimation from CAD models or part prints. It leverages extensive libraries of machining processes, materials, and labor rates to automate quoting, profitability analysis, and make-vs-buy decisions. The tool supports continuous cost improvement by tracking variances and providing detailed cost rollups across assemblies.

DFM Concurrent Costing, from Boothroyd Dewhurst (dfma.com), is a DFMA-based software tool designed for early-stage product cost estimation in manufacturing. It analyzes designs for processes like machining, injection molding, sheet metal, and assemblies, delivering detailed cost breakdowns, piece costs, and sensitivity analyses. Integrated with CAD systems such as SolidWorks and Creo, it enables real-time feedback to optimize designs for cost and manufacturability.

Siemens Teamcenter Costing is a robust module within the Teamcenter PLM suite designed for precise product cost management across the entire lifecycle. It enables should-cost analysis, target costing, and profitability evaluations by leveraging CAD geometry, bill of materials, and manufacturing process data. Ideal for complex assemblies, it supports variant costing and scenario simulations to optimize costs early in design.

SAP S/4HANA Product Costing is a robust module within the SAP S/4HANA ERP platform, specializing in precise product cost planning, calculation, and controlling for manufacturing environments. It supports standard costing, actual costing via Material Ledger, and advanced simulations like mixed costing and what-if scenarios. Deeply integrated with finance, production, and supply chain modules, it delivers real-time cost insights powered by SAP HANA's in-memory database.

Oracle Fusion Cloud SCM is a comprehensive cloud-based supply chain management suite that includes robust product costing capabilities for manufacturing and inventory operations. It supports standard costing, actual costing, average costing, and advanced features like multi-level bill of materials rollups, variance analysis, and cost simulations. Integrated with Oracle's ERP ecosystem, it provides real-time cost visibility and analytics to optimize profitability across global supply chains.

Epicor Kinetic is a robust ERP platform with advanced product costing modules designed for manufacturing and distribution businesses. It supports multiple costing methods including standard, actual, and average costing, with capabilities for multi-level BOM roll-ups, variance analysis, and overhead allocation. The system integrates costing data seamlessly with production, inventory, and financials for real-time accuracy and decision-making.

Plex Smart Manufacturing Platform is a cloud-native ERP/MES system designed for discrete and process manufacturers, offering integrated product costing tools that calculate costs based on BOMs, routings, labor, materials, and overheads in real-time. It provides variance analysis, standard vs. actual costing, and cost roll-ups across the production lifecycle, leveraging live shop-floor data for accuracy. This makes it a robust solution for manufacturers needing costing embedded within broader operational control.

Infor CloudSuite Industrial is a cloud-based ERP platform tailored for industrial manufacturers, offering robust product costing tools integrated within its manufacturing and financial modules. It supports standard, actual, and average costing methods, multi-level bill of materials (BOM) roll-ups, overhead allocation, and variance analysis for precise cost management. The solution provides what-if scenario planning and real-time cost insights tied to production, inventory, and supply chain processes.

QAD Enterprise Applications is a comprehensive ERP platform designed primarily for manufacturing industries, featuring robust product costing modules that handle standard, actual, and marginal costing. It enables multi-level bill of materials (BOM) rollups, cost simulations, and variance analysis to provide accurate product cost insights. Integrated with supply chain and production planning, it supports complex manufacturing environments with real-time cost tracking and reporting.