Objective
To provide visibility of imported goods
while retaining control of all associated costs resulting in accurate
landed costs.
The Value of SYSPRO
Landed Cost Tracking
- Identifies all cost elements
associated with goods that are purchased
- Monitors the progress of arrival
dates of shipments
- Simplifies the receipt of shipments
by pre-costing the shipment before the goods arrive
- Compares actual invoice cost with
estimated costs for all cost elements
- Selects vendors based on shipping
routes and associated costs
- Achieves true landed cost for each
product through accurate cost apportionment based on volume,
value, quantity, etc.
- Receives traceable stock items
through inspection with lot and/or serial numbers
- Takes advantage of the Goods
Received Note (GRN) system to trace element costs for accurate
invoice matching
- Allows for different tariff codes
- Preview of reports to screen and
email capabilities
Matching SYSPRO to your
business
- Sets up multiple alternate shipping
routes for each stock item
- Allows the accumulation of multiple
purchase orders into a single shipment
- The automatic cost roll-up will
indicate the differences between landed costs and current
inventory cost
- Revises shipment quantities if
differences exist with the original purchase order
- Defines the currency rates for
customs exchange calculations
- Defines a bill of costs for each
inventory item
- Enters revised shipping dates which
will automatically update the expected arrival dates
- Provides automatic routines to
transfer landed cost price to the inventory warehouse costs
- Registers supplier invoices against
the shipment registration system
- Archives the shipment once all the
actual costs have been accumulated
Audit Trails and Reporting
- Inventory journals are produced when
the warehouse costs are updated
- Provides a detailed shipment
tracking report
- The Sales Order Action Report cross
references customer back orders with incoming long supplier
shipments for improved customer service
- Retains shipments on file as
required
Integration
- Integrates with the Inventory
Control, Purchase Orders and Accounts Payable modules
- Email reports with the Office
Automation module
- Landed Cost Tracking requires the
Purchase Orders, Inventory Control and Accounts Payable modules
