How to Calculate Landed Cost

Financial

Landed Costs are used to define the true actual cost to bring goods into inventory.  This is generally considered a more meaningful value when calculating profitability on sales than using just the FOB cost or the cost paid the supplier. Calculating Landed costs is of extreme importance to a company importing and distributing goods because […]

Save Money on Ocean Freight by Maximizing Cargo Space

VISCO has recently set out to provide another solution to a common customer problem. Many of our customers are looking for a way save money on ocean freight costs by maximizing the cargo space in the containers they are shipping.  To accomplish this they are able to set Carton and Pallet information at the product […]

How Landed Costs are Calculated in VISCO

Financial

VISCO is often used in tandem with an integrated accounting software like Quickbooks or Great Plains. VISCO itself does not track or store payment information, or link to bank accounts.  The value of entering costs in VISCO is that the system allows companies to get accurate landed cost data on each lot or shipment that […]

VISCO User Conference 2013-Container Builder

port

Erin discusses a tool that can be used by customers to dictate to overseas suppliers what should be loaded into containers.  By doing a comparison of container weight and CBM the tool warns the user so container does not get over filled.  

How to Calculate Landed Costs

Companies that import and distribute goods have more to consider in their Cost of Goods Sold calculation than just the cost of the material itself.  Typical Landed cost calculations will include Material Cost Duty Ocean Freight Drayage Customs Broker Fees Port Exam Fees Commissions Some companies will also include warehouse costs in the landed cost […]