Comprehensive Landed Cost Tracking software for Importers to Manage Landed Costs
Landed Cost Tracking Software for Importers
Today’s global economy often requires distributors to source goods from overseas manufacturers - this needs landed cost tracking. Many distributors’ supply chains involve contracting with manufacturers in Asia, arranging sea freight from Asia, port clearance at US ports, and then arranging for multimodal or intermodal transportation by rail or truck to distributors’ warehouses. Accolent ERP landed cost tracking software tracks unlimited Landed Cost types to accurately record and capitalize all costs associated with these types of supply chains. Landed Costs are essentially Container Costs that are correctly apportioned to the lines on the POs packed in the Container. With Accolent ERP you will be able to eliminate lower-than-expected margins on imported goods due to Landed Costs that were incorrectly accounted for.
Unlimited Landed Cost Types
Accolent ERP allows you to set up unlimited types of Landed Costs such as Ocean Freight, Ocean Cargo Insurance, Freight Forwarder Charges, Clearing Charges, Customs Duties and Tariffs, Port Charges, Demurrage and Detention Charges, Multimodal Charges, Drayage Charges, Intermodal Charges and Local Delivery Charges.
- Optionally create Landed Cost Overhead Charges to account for exchange rate movements, LOC charges and documentation costs
- Almost all Container Costs are incurred and paid prior to delivery of the Container
- Using the breakdown of a Container by the PO lines included in the Container allows you to estimate Landed Costs that will be assigned to the goods upon PO Receipt
- Based on these estimated Landed Costs, goods can be quoted to the customer
- The expected Landed Costs can be continuously updated as the various Container Costs are incurred and paid as the Container moves through the supply chain, providing improved estimates of actual Landed Costs.
Track POs through the Supply Chain
Once PO lines are associated with a Container, the Container is continuously tracked through the supply chain with real-time updates from the steamship lines and other carriers.
- Record delays and re-routing as soon the data is available
- Accolent ERP is integrated with FreightPOP a full transportation management system that has direct links with hundreds of LTL, FTL, steamship lines, and othetr carriers
- This full visibility into the Container whereabouts at all times, allows accurate updates for your customers waiting for delivery of the goods
- Also, understanding the status of the Container at all times allows you to react proactively to reduce the costs of port storage and/or re-routing charges.
Apportion Container Costs as Landed Costs
When the Container is delivered, the POs can be received, and the Container Costs allocated as Landed Costs between several POs if needed.
- Accolent ERP includes full support for HTSUS import tariffs that can be automatically calculated based on rates stored on the products and allocated to individual product line items
- Allocate each of the other Container Costs to the PO lines on the basis of extended price, weight or cubes
- In this way, the ex-works costs from the manufacturer/vendor are grossed up by the allocated Landed Costs and automatically updated and capitalized into inventory for every PO line item
- Using the Accolent ERP Landed Costs functionality reduces errors and eliminates the risk of unaccounted for purchasing costs not being considered prior to completing a sale.
Optimized for wholesale distribution across a number of vertical industries: auto parts, building materials, chemicals, fasteners, food & beverage, industrial, jan/san, restaurant supply and more
Accolent ERP Technology
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