Landed Cost Enhancement

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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.

Workaround

• 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)

--Armen 22:43, 26 July 2007 (EDT)