SYSPRO | Landed Cost Tracking


Landed Cost Tracking
 

Objective

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