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Landed Cost Tracking sample

Transform Import Cost Management for Manufacturing Excellence

What is Landed Cost Tracking?

Landed Cost Tracking (LCT) is a crucial task for any organization that handles products, especially those acquiring material from overseas sources. The process of determining the actual cost of an item is increasingly difficult as more organizations import goods. To calculate the true landed cost, all factors beyond the primary cost of the material must be considered and accounted for to ensure proper costs are available for decision-making.

SYSPRO’s Landed Cost Tracking (LCT) provides visibility of imported goods through shipment tracking and enables greater control of all associated costs, ultimately resulting in accurate landed costs.

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The Benefits of Landed Cost Tracking

SYSPRO LCT is designed to deliver clarity, control, and profitability to your procurement cycle.

Accurate Profit Calculation

Calculate true profitability by identifying and tracking all cost elements associated with imported goods, moving beyond simple purchase price to include freight, duties, insurance, and handling fees.

Strategic Cost Optimization

Maximize profits by gaining visibility into real product costs and identifying opportunities for cost reduction through better supplier selection and shipping route optimization.

Enhanced Competitive Positioning

Make strategic sourcing decisions with complete understanding of all associated charges, enabling competitive pricing while maintaining healthy profit margins.

Complete Supply Chain Visibility

Track all acquisition costs and link product supply flows with financial processing, providing end-to-end transparency from purchase order to inventory receipt.

Regulatory Compliance Assurance

Ensure accurate tax and duty calculations while adhering to country-specific requirements for financial reporting and customs documentation.

Improved Cash Flow Management

Better predict and manage working capital requirements through accurate cost forecasting and variance analysis between estimated and actual landed costs.

Key Product Capabilities

Comprehensive Cost Element Tracking
Define and track all cost components including freight, insurance, duties, brokerage, and storage with flexible apportionment methods based on mass, volume, value, or custom calculations.
Advanced Shipment Management

Consolidate multiple purchase orders into single shipments while tracking vessel details, routes, estimated arrival times, and progress throughout the import process.

Intelligent Cost Apportionment

Automatically distribute non-merchandise costs across shipment items using various allocation methods, ensuring accurate cost distribution based on business logic.

Real-time Cost Comparison

Compare estimated costs established during procurement with actual invoiced costs, providing immediate visibility into cost variances and their impact on profitability.

Multi-route Cost Analysis
Define and maintain multiple shipping routes for each stock item with associated cost structures, enabling optimal route selection based on cost and timing requirements.
Customs and Compliance Integration
Maintain tariff codes, nationality codes, and customs exchange rates to ensure accurate duty calculations and regulatory compliance across international markets.
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This capability integrate with:

Purchase Orders (Essential Integration)

LCT seamlessly links with Purchase Orders to track imported goods from procurement through receipt. Purchase order lines are connected to shipments, and due dates automatically update based on shipment progress, ensuring accurate delivery expectations.

Inventory Management (Core Integration)

Deep integration with Inventory maintains tariff codes linked to stock items for duty calculations and updates warehouse costs with final landed costs upon receipt. This ensures accurate inventory valuations reflect true acquisition costs.

Accounts Payable (Financial Integration)

Supplier invoices for shipping and non-merchandise costs are registered and apportioned through AP, updating actual costs in LCT. This integration ensures proper expense allocation and maintains accurate supplier balances.

Sales Orders (Customer Service Integration)

Cross-references customer back orders with incoming shipments through the Sales Order Action Report, enabling proactive customer communication about delivery status changes due to shipment delays or expedited arrivals.

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