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 […]
Accruals in Visco are an estimated cost, usually applied to a Purchase Order, Container or Bill of Lading, that acts as a place holder for costs that will be applied once an invoice is received from a vendor. Something like a Storage Charge can be applied as a line item on a Purchase Order. Or […]
During implementations, customers will often bring us a problem within their business that they are hoping VISCO will help them to solve. One recent customer came to us with the question of how to best forecast what they should be buying. In their current system, it was really hard to see what was available to […]
The landed cost is a term used by importers to calculate the real cost to bring a product to their door. This is a more accurate view of the cost of a product then just looking at the cost you pay a supplier to buy product from them. How the landed cost is calculated […]
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 […]
Creating extra work which costs the Company time and money.