Difference between revisions of "Landed Cost Enhancement"
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* The major issue in actual landed cost is each associated costs arrives at different time, even at the time where all the goods are sold out. | * The major issue in actual landed cost is each associated costs arrives at different time, even at the time where all the goods are sold out. | ||
| − | == | + | == Planned Development == |
* Simplifies the receipt of shipments by pre-costing the shipment before the goods arrive | * 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 | * Compares actual invoice cost with estimated costs for all cost elements | ||
* Variance will be posted to Landed Cost Variance account (under COGS group) | * Variance will be posted to Landed Cost Variance account (under COGS group) | ||
| + | |||
| + | == Comparison to other ERPs == | ||
| + | |||
| + | === PeopleSoft === | ||
| + | Based on the charges associated with a purchase order, the system creates estimated | ||
| + | costs for purchase orders and receipts. When you receive and put away a weighted | ||
| + | average or an actual costed item, the system values the transaction based on the total | ||
| + | landed cost. For standard costed items, the system continues to use the item’s | ||
| + | standard cost. | ||
--[[User:Armenrz|Armen]] 22:43, 26 July 2007 (EDT) | --[[User:Armenrz|Armen]] 22:43, 26 July 2007 (EDT) | ||
Revision as of 08:25, 9 August 2007
Contents
Landed Cost
Objectivity
To provide visibility of imported goods while retaining control of all associated costs resulting in accurate landed costs.
Functionality
- Identifies all cost elements associated with goods that are purchased
- Achieves true landed cost for each product through accurate cost apportionment based on volume, value, quantity, etc.
Current Issue
- The major issue in actual landed cost is each associated costs arrives at different time, even at the time where all the goods are sold out.
Planned Development
- 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
- Variance will be posted to Landed Cost Variance account (under COGS group)
Comparison to other ERPs
PeopleSoft
Based on the charges associated with a purchase order, the system creates estimated costs for purchase orders and receipts. When you receive and put away a weighted average or an actual costed item, the system values the transaction based on the total landed cost. For standard costed items, the system continues to use the item’s standard cost.
--Armen 22:43, 26 July 2007 (EDT)
