Landing costs often account for 40% or more of the total cost of each imported freight item.
Dynamics Software Container Management & Landed Cost supports the tracking of incoming shipments and the analysis of the automatic settling of bank statements. Part of the Dynamics Distribution Solution, it is integrated with the Accounts Payable and General Ledger modules.
With transport of stock to departure port, loading, sailing, customs clearance, and finally, transport from the port of arrival – you can use Container Management and Landed Cost to track every cost and step of the journey, quickly and accurately, using a streamlined, single data entry system.
When importing goods from overseas, there is usually a lead time between the shipping date and the arrival at the warehouse. Using Container Management, users can see which purchased items are in which container, and the location of the container (actual or estimated).
By making use of standardized templates, users can easily create new transport orders and fill them with items. Microsoft Dynamics 365 for Finance and Operations, Enterprise edition keeps track of physical attributes and warns if unrealistic. Templates can contain default costs associated with a trip or container, depending on the port of origin and destination.
Dynamics 365 for Finance and Operations, Enterprise edition standard surcharges have been enhanced, now allowing for multi-tier surcharges. Surcharges can be made dependent on Terms of Delivery.
On creating Purchase Orders, Dynamics 365 for Finance and Operations, Enterprise edition can calculate the forecasted Landed Cost, using the Vendor and the Items.
When the transport order has been completed, Dynamics 365 for Finance and Operations, Enterprise edition calculates the estimated Landed Cost, taking physical attributes (weight, volume) or value into consideration, together with the quantity.
When ownership of the goods transfer from seller to buyer, Dynamics 365 for Finance and Operations, Enterprise edition can create Good-in-Transit vouchers, putting the value of the goods on the Balance Sheet of the buyer.
Packing Slip posting includes the relevant surcharges.
Freight payables are posted against procurement categories of type Landed Cost, forcing user to allocate the cost to transport orders and/or containers.
Costs are allocated at the point of receipt and are finalised at the point of costing providing accurate visibility of costs, as early as possible. The shipment costing module automatically tracks the accruals of on-costs and will handle the allocation and expensing of shipment costs after the shipment is costed so as to provide accurate shipment history for analysis.
Unlike the standard purchase order miscellaneous charges, shipment miscellaneous charges can be allocated to a vendor other than the purchase order vendor. These costs are entered in against the shipment to automatically create vendor vouchers ensuring a single point of data entry.
Forecasted, estimated and actual landed cost can be viewed from various perspectives, including Purchase Order, Transport Order, Container and Item.