Objective
To provide visibility of imported goods while retaining control
of all associated costs resulting in accurate landed costs.
The Value of SYSPRO Landed Cost Tracking
- Identifies all cost elements associated
with goods that
are purchased
- Monitors the progress of arrival dates of shipments
- Simplifies the receipt of shipments by pre-costing the shipment
before the goods arrive
- Compares actual invoice cost with estimated costs for all
cost elements
- Selects vendors based on shipping routes and associated costs
- Achieves true landed cost for each product through accurate
cost apportionment based on volume, value, quantity, etc.
- Receives traceable stock items through inspection with lot
and/or serial numbers
- Takes advantage of the Goods Received Note (GRN) system to
trace element costs for accurate invoice matching
- Allows for different tariff codes
- Preview of reports to screen and e-mail capabilities
Matching SYSPRO to Your Business
- Sets up multiple alternate shipping routes
for each stock item
- Allows the accumulation of multiple purchase orders into
a single shipment
- The automatic cost roll-up will indicate the differences
between landed costs and current inventory cost
- Revises shipment quantities if differences exist with the
original purchase order
- Defines the currency rates for customs exchange calculations
- Defined a bill of costs for each inventory item
- Enters revised shipping dates which will automatically update
the expected arrival dates
- Provides automatic routines to transfer landed cost price
to the inventory warehouse costs
- Registers supplier invoices against the shipment registration
system
- Archives the shipment once all the actual costs have
been accumulated
Audit Trails and Reporting
- Inventory journals are produced when
the warehouse costs are updated
- Provides a detailed shipment tracking report
- The Sales Order Action Report cross references customer back
orders with incoming long supplier shipments for improved customer service
- Retains shipments on file as required
Integration
- Integrates with the Inventory Control,
Purchase Orders and Accounts Payable modules
- E-mail reports with the Office Automation module
- Landed Cost Tracking requires the Purchase Orders,
Inventory Control and Accounts Payable modules
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