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 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