Landed Cost Tracking


To provide visibility of imported goods while retaining control of all associated costs, resulting in accurate landed costs.


The Value of Landed Cost Tracking

  • Identify all cost elements associated with goods that are imported
  • Monitor the progress of arrival dates of shipments
  • Simplify the receipt of shipments by pre-costing the shipment before the goods arrive
  • Compare actual invoice cost with estimated costs for all cost elements
  • Select suppliers based on shipping routes and associated costs
  • Achieve true landed cost for each product through accurate cost  apportionment based on volume, value, quantity,
  • Receive traceable stock items through inspection with lot and/or serial numbers
  • Take advantage of the Goods Received Note (GRN) system to trace element costs for accurate invoice matching
  • Allow for different tariff codes

Matching Landed Cost Tracking to your business

  • Define multiple alternate shipping routes for each stock item
  • Combine multiple purchase orders into a single shipment
  • Identify difference between landed costs and current inventory costs with the automatic cost roll-up feature
  • Revise shipment quantities if different to the original purchase order
  • Designate the currency rates for customs exchange calculations
  • Define a bill of costs for each inventory item per route
  • Expected arrival date automatically updated when shipping date is revised
  • Ability to transfer landed cost price (merchandise and non-merchandise costs separately) to the inventory warehouse costs
  • Register supplier invoices against the shipment registration system
  • Archive the shipment once all the actual costs have been accumulated

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