JINsim& Seongsim

Global Costing Partner

Sincere Partner for customer's growth in revenue & Profit

Our Services

To improve both revenue and profit of customer by providing high level of
Cost Estimating tool and Profit analysis/controlling tool

Service 1
Finanical Business Case Model

Supporting Top manangment's decision making with finanical analysis on a project before & after award

Service 2
Burden Rate Development Model

Improving the quality of product cost estimation by developing the burden cost per hour per machine based on ABC (Activity Based Cosing) method

Service 3
Product Cost Model

Product cost model that provides timely and accurate cost datas in cosistent method

Service 4 (before release)
Pain Point resolution Service

Comming in 2026

Service 1_
Project Financial business case model

Supporting Top management’s decision making on pricing/capital investment/project cotorlling by providing clear datas in timely manner , that  indicating  key  financial metrics

Service 2_
Burden Rate Development Model

By using allocation drivers, allocating plant’s burden cost per each machine and finally develop a cost per hour per machine.  This supports customer’s cost readiness for a year and leading accurate product cost and proper pricing  which can meet the target profit level

Service 3_
Product Cost Model

With limited resource, Internal cost model which calculate material cost/labor cost and burden cost, scrap cost, etc by a staff with limited resouces. This can provide timely and accurate cost data in cosistent method and avoid human error or gap independently who is responsible for estimating. 

Service 4_
(to be released)

Before& After Models applied

Before Burden Rate development, "A" Company quoted with 15% target plant margin and got awarded.
==> After Rate development, it was identified as -2% plant margin program
==> During development phases until launch, project was controlled in detail improvement plan and roadmaps that were developed based on the key target financial metrics and finally reached 10% plant margin at the lauccn phase.
"B" Company failed in pricing upon the volume change during program development phase as failed to calculate the impact on project prfofitability in various financial metrics.
==> After having financial business case model, through simulation in the model, the company could identify the change on profitability by volume change, then could reach to get proper price and got the approval on the price change from the customer
Before Burden Rate development, "A" Company applied total burden cost portion in its P&L on both Main product group A and Product group B. Actual burden cost of B product is lower than A product . So B Product's cost was overestimated and over pricing was accordingly and Finally lost the program..
==> After Rate development, It was identified that the gap of Burden cost between Product group A and B was 6% of total manufacturing cost.

About Our Company

Jinsim& Seonsim is as a Business managment tool maker,

For customer’s quoting and investing on new projects and developing projects, we provide Tools for Customer Top manangment’s decision making on business expansion and prifiability improvment,

  • Project Financial Business Case Model
  • Burden Rate Development Model and Burden rates
  • Product Cost Model

As the above specialty ,

We build the system which can provide timly and accurate profitability anlsysis in customer side. Customer can increase Project Winning Rate and avoid loss profit project award,  and improve the competency in profit manangement .

What Jinsim& Seongsim does is all about Customer’s growth in both revenue and profit. 

Portpolios

  • Johnson Controls – Asan plant in Korea (6 times)
  • Johnson Controls – Busan plant in Korea (3 times)
  • Johnson Controls Interor  – Asan plant in Korea (1 time)
  • Cooperstandard  – Pyeongtaek plant in Korea (1 time)
  • Cooperstandard – Dangjin plant in Korea (5 times)
  • Cooperstandard – Gumi plant in Korea ( 4 times)

Why Choose Us

Benefit 1

Having proper way of pricing based on the accurate cost and profit analysis  by simulating target profit, price and other input datas

Benefit 2

Whatever the various input of business case, Customer can simulate all cases and finally get the best business case with or without roadmaps which can assigned and managed  with quantitative measure   


Benefit 3

By being providing Accurate/Trasnparent/nneutral data in time, Customer can get supported in decision making on business planning, risk management and performance evaluation. 

Benefit 4

 Customer get the advanced business management account system in much lower cost that hiring model build experienced employee

 

 

Contact Us

We would love to hear from you.
Feel free to reach out using the below details.