First, there’s transport to the departure port, loading, sailing, customs clearance, and, finally, transport from the port of arrival. Landed cost often can account for up to 40 percent or more of the total cost of each imported freight item. These enhanced features save time for staff and streamline production from the manufacturer to the warehouse. Automating administrative tasks such as estimating landed costs and status tracking helps avoid financial missteps that can weaken product profitability. With a single data entry, landed cost allows you to record end-to-end transportation fees quickly and accurately. The Landed cost module in Supply Chain Management provides companies with an innovative way to track goods and determine the total charge in getting a shipment to its destination. As the supply chain evolves, logistics management has an even greater impact on the bottom line. Knowing the full price of an item once it arrives at your warehouse is crucial. Miscalculating landed cost through manual entry can result in lost profits for business owners.
