Sales Automation
  • CRM

  • Point of Sale

  • Sales

  • Subscriptions

  • Rental

  • E-Commerce

  • Inventory

  • Help Desk

    Finance Management
  • Accounting

  • Expenses

  • Approvals

  • Mobile Payments

  • Documents

  • E-Signature

  • Purchase

    Human Resources
  • Recruitment

  • Employees

  • Leave

  • Appraisal

  • Payroll

  • Attendance

  • Timesheets

  • Discuss

    Marketing Solutions
  • Mass Mailing

  • Survey

  • Social Media

  • Forums

  • Project

  • Field Service

  • Email

  • SMS & Text Messages

    Operations Management
  • Inventory

  • Timesheets

  • Project

  • Purchase

  • Helpdesk

  • Field Service

  • MRP - Material Requirement Planning

  • PLM - Product Lifecycle Management

  • MRP Maintenance

  • Quality Management

    Advanced Planning and Optimization
  • Demand Forecasting

  • Inventory Planning

  • Production Planning

  • Shop Floor Control

    Mobile Retail Execution
  • Proven on-demand mobile retail execution software that is easily configurable to support the specific functions and roles of your retail teams, from your national account managers and distributors to your field reps and merchandisers.

    It span across modern, traditional trade, as well as merchandising activities.

    Van Sales and Direct Store Delivery
  • The solution provides comprehensive workflows for call planning, inventory management, merchandising, route accounting and settlement payments.

    Field reps can plan routes, monitor inventory levels, manage merchandising, collect payments and perform other critical sales activities through mobile devices.

    Field Force Management
  • The solution ensures the right people with the right skills, are at the right job, at the right time—at the lowest possible cost.

    Field employees are equipped with the tools to work faster and smarter while keeping managers better informed to make faster, better and cost-effective operational decisions based on real-time data.

    Distribution Management
  • It improves efficiency and communication btn field teams, operations and distribution centers using cloud-based real-time info. Thr’gh dynamic dashboards and reporting.

    Distributors get access to relevant data, e.g. pricing quotes, orders that link seamlessly with back-office inventory, fulfillment & accounting.

What is Landed Cost and how does it impact your Bottom Line?

For companies involved in importing, the cost of freight and duty on items purchased overseas can be quite outstanding. In developing a fully realized product cost to maintain profit margins, your accounting department must capture every cost of doing business associated with each product.

Freight costs and duty are such expenditures that must be rolled into the core item cost, so values such as cost of sales are reflected accordingly. Processing this manually means extra work for your back-office. Automating these calculations is much preferred, much simpler, and delivers a much more accurate “landed cost” — or true costs — for your business.

What is Landed Cost?

Landed cost is the total price of a product or shipment up until it has arrived at a buyer's doorstep. The landed cost includes the original price of the product, transportation fees (both inland and ocean), customs duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees. All of these individual costs are part of the value of the received goods. Tracking the overall item cost helps establish proper sales prices and determine the actual margin per item.

Even third-party freight or an import voucher that is received after a purchase item voucher should be retroactively applied back to item costs.

Why is Landed Cost Important?

Automating landed cost calculations is essential in today’s global economy. No accounting department has time to perform the manual calculations, and no business owner wants to lose on profits. Outside of your employees, inventory efficiency is one of the most important places your bottom line leaks away, especially when it comes to calculating accurate landed costs.

If your business is involved in international trade, importing goods from other countries should enhance your profitability, not hurt it. It’s critical to get landed cost right if you want to engage in global trade; no one wants to lose customers (due to estimating costs too high) or earnings (estimating costs too low).

The good news is that modern business software technology continues to open up global markets for growing companies, especially for e-retailers relying on foreign goods.

Here's an example of how Odoo can help you to handle the landed cost in your accounting system.