Landed Cost Tracking
Have you ever wondered how much it costs to get a product from overseas?
In order to calculate landed cost, all factors beyond primary cost of material must be considered and accounted for
This is so proper costs are updated and made available for decision making.
If you’re in charge of managing the landed cost of products your organization handles, then you’re probably familiar with the challenges involved in this task. As more and more organizations acquire material from overseas sources, the process of determining the actual cost of an item becomes increasingly difficult.
SYSPRO’s Landed Cost Tracking
Designed to address these problems as it provides visibility of imported goods through shipment tracking and enables greater control of all associated costs, resulting in accurate landed costs.
It enables you to track shipments of imported goods, monitor the progress and estimated arrival times of shipments, and establish a reliable estimate of the overall cost of imported goods.
Furthermore, it aids the calculation of a more accurate actual cost at which to receive the goods and provides an actual cost comparison to the various estimates made during the procurement cycle.
SYSPRO’s Landed Cost Tracking ensures:
- You'll be able to identify all the cost elements associated with each imported good, which will help you make better estimates of those landed costs.
- You can estimate the landed cost for each product through accurate cost apportionment based on volume, value, quantity and more.
- You'll be able to track shipment arrival dates for shipments so you know when exactly they're coming in.
- You can pre-cost shipments for streamlined receipting.
- The Goods Received Note (GRN) system will let you trace element costs for accurate invoice matching.
- Multiple tariff codes are supported automatically—no need to manually add them!
