What are Landed Costs?Landed Costs, the total cost of a landed shipment including purchase price, freight, insurance, custom duties and other costs up to the port of destination, are incredibly important to organisations. Helping inform the business in order for it to run both effectively and efficiently, accurate costs and cash flow ensure precise profit analysis – enabling businesses to grow in the way they want to. Stock is your single biggest asset, so without the ability to factor in the multiple elements of Landed Costs means you’re essentially flying blind with inaccurate margins, and a salesforce working to unrealistic targets.
Landed Costs and BevicaWith Bevica, Landed Costs have been made simple. Allowing you to set and record each part of a Landed Cost figure in real time, when stock hits the warehouse you’ll see the most accurate cost possible. Typical elements of Landed Cost include:
- The cost of the product
- Customs duty
- Retros from suppliers