Landed Cost Enhancement

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Here is a link to the current discussion ongoing in the Sourceforge forums:
Here is a link to the current discussion ongoing in the Sourceforge forums:
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https://sourceforge.net/forum/forum.php?thread_id=2903921&forum_id=610548
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https://sourceforge.net/projects/adempiere/forums/forum/610548/topic/2903921
This is functionality that I feel is very important and needs to be implemented in some form as soon as possible.
This is functionality that I feel is very important and needs to be implemented in some form as soon as possible.

Latest revision as of 15:26, 2 October 2010

Contents

Landed Cost Enhancement

Project Team

Coordinator

Armen

Functional Specs

Armen


Developers

Testers

Sponsors

Status

Not Started

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

Landed Costs To track the complete cost of an item, you can include the landed cost charges in the item’s cost. Landed cost charges can include expenses such as freight, insurance, duty, and handling. You can: • Specify the calculation and allocation method for each charge when you define landed cost charges for items. • Create cost templates that specify which cost charges to attach to any combination of item, item category, vendor, vendor location, ship-to ID, and purchasing business unit. • Directly associate, in PeopleSoft Purchasing, cost templates and individual charges with a purchase order header or purchase order schedule. 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.

SAP Business One

Q8. What is Landed Costs? A8. The Landed Costs functionality in SAP Business One allows you to calculate the actual cost price of an item based on added costs incurred such as custom duties, insurance, tax, etc. The base document for the landed cost process is the Goods Receipt PO.

Microsoft Dynamics SL

After-the-Fact Updates Record landed costs subsequent to the receipt of goods. Costs entered after-the-fact will also update inventory value. Landed costs applied to inventory goods received for a specific project will automatically record and allocate the additional costs to the project.

Current Conversations/Discussions

--Calciogod 00:23, 6 February 2009 (EST)

Here is a link to the current discussion ongoing in the Sourceforge forums:

https://sourceforge.net/projects/adempiere/forums/forum/610548/topic/2903921

This is functionality that I feel is very important and needs to be implemented in some form as soon as possible.

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