There are lots of costs that go into importing a product from overseas. Most companies are working on relatively thin margins so closely watching these costs is important to make sure that you are making money on every transaction
If you are doing manual Landed Costs Calculation then you are duplicating your efforts, and leaving room for human error by entering shipment related costs in a system outside your ERP system.
- Solution>>> Landed Costs and Latest Projected Costs are functions of the system. We address both actual and accrued costs and compare them with sales for a given shipment to give you true profitability analysis on every shipment.
- Benefit>>> With accurate landed costs, projected landed costs, and profitability analysis at the transaction level, you can make informed decisions and improve the bottom line.
VISOC Software for Importers is designed around the idea of “ventures”. Ventures are purchase order shipments. When a shipment starts, it becomes “In Transit” and we begin to gather costs and accruals (An example of how we automate cost calculations are here Section 301 Tariffs and Surcharges) against that Venture. As inventory from that Venture is sold, we post sales against that Venture as well. With this process being automated, your company can spend time analyzing results rather than sorting through paper work. Venture Analysis allows the financial decision makers to get an accurate picture of the latest projected cost of any given Venture, as well as a gross profitability statement on that Venture. These tools are referred to as Venture Analysis Tools. Learn more about:
The Value of Automated Landed Costs Calculation – Profitability Analysis for an Importer
View Landed costs on each lot in inventory
Drill down into the lot to see a breakdown of the accruals and costs