A way to improve the accuracy of calculating the landing cost

by Admin Admin

With the developing of supply chain, logistics management increasingly affects bottom line. You need to know the price of the goods after they arrive at the warehouse. Business owners can miss out on their profits due to incorrect land value calculations when manually entered.

Thanks to the cost module in the supply chain management system, companies receive a technological way to track goods and calculate the final cost of delivering the goods to the final destination.

A single data entry has the effect of ensuring that the total shipping cost provides you with an accurate record of end-to-end shipping costs. Companies can also avoid financial mistakes by automating administrative tasks. These additional features save staff time and streamline the manufacturing process from manufacturer to warehouse.

Frequently, shipping costs reach up to 40% of the total unit cost. This cost includes transport to the port of departure, direct departure and loading, customs, transport from the port of arrival. This is all without taking into account unforeseen delays and fees.

Features of ­­­landed cost module

The Landed cost module in Supply Chain Management provides the following features:

  • Estimated boarding cost available at the time of flight creation.
  • Receiving by container
  • Tracking the status of the purchase order line stage
  • The total cost spread across multiple purchase orders on the same flight.
  • Rules for the proportional allocation of additional costs
  • Pre-posting of estimated costs that change as actual costs are received.
  • Automatic updates for FIFO, LIFO, weighted average, moving average and standard costing.
  • Transfer orders support

No guesswork

These features help you avoid guesswork and provide transparency in the product pricing process:

  • Distribution of shipping costs by items from the flight or containers. Based on quantity, percentage, parameters and volumetric calculation or user-defined measure;
  • The accumulation of goods in transit contributes to full visibility of goods in transit for any tracked activity and transport stage;
  • Single delivery, which means that flights can contain products from multiple suppliers, purchase orders, or legal entities in one or more containers;
  • Automated costs, which means using an automatic estimate of the total aыdditional cost;
  • A business process compliance import that uses timelines to track invoices processed before or after arrival in the warehouse;
  • Cost comparison and reports for cost visibility by flight, container and purchase order, cost category.

Editor of voyages

Each stage of the journey can be identified. Workers can also create flights with a purchase order from a number of organizations.

Templates for shipping and cost management

Landed cost of goods supports the creation of a series of adjustable templates. With their help, you can simplify adherence to the correct course by providing the ability to accurately record fees. So cargo flights comply with legal and regulatory requirements.

Tracking the voyage

Transit Tracking Recording is included in the shipping cost.

All data is available in the Supply Chain Management application. Initially, you need to enter the date information, then the update of the delivery status and arrival date will start. Here's what this feature allows:

  • Take notes on lead times by rules
  • Assign flight status
  • Process invoices before receiving goods
  • Share containers together
  • Place goods from different suppliers in one container

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