Methods and system for tracking production byproducts

A system comprising:

• a processor;
• and
• a memory coupled with and readable by the processor and storing therein a set of instructions which, when executed by the processor, causes the processor to:
• read a Bill of Materials (BOM) for a product, the BOM for the product identifying a plurality of components of the product;
• assign a component cost value for a by-product for each component of the plurality of components in the BOM for the product;
• calculate a process cost value for the by-product for each manufacturing process of a plurality of manufacturing processes to produce the product using the plurality of components;
• accumulate the component cost value for the by-product for each component of the plurality of components and the process cost value for the by-product for each manufacturing process of a plurality of manufacturing processes into a total by-product cost value for the product;
• and
• provide the total by-product cost value for the product.

A non-transitory, computer-readable medium comprising a set of instructions stored therein which, when executed by the processor, causes the processor to:

• read a Bill of Materials (BOM) for a product, the BOM for the product identifying a plurality of components of the product;
• assign a component cost value for a by-product for each component of the plurality of components in the BOM for the product;
• calculate a process cost value for the by-product for each manufacturing process of a plurality of manufacturing processes to produce the product using the plurality of components;
• accumulate the component cost value for the by-product for each component of the plurality of components and the process cost value for the by-product for each manufacturing process of a plurality of manufacturing processes into a total by-product cost value for the product;
• and
• provide the total by-product cost value for the product.