Overview on Landed cost


Landed Cost - is a overall cost incur for a buyer to bring an item to his door.

Example:
I'm in India going to buy a soya pass from supplier who does business in United States.

Lets take quantity im going to order is 2 metric tonnes.

Item cost per metric ton is - 35,000 USD

Total cost of an item = 35000 * 2 = 70,000 USD

Total cost of an item which is a direct cost associated for an item and there would be other charges involved in bringing items through shipments like container fees, cargo handling fees, port clearances, marine insurances and so on.,

Summing up all together cost of importing an item will result in landed cost.

From the landed cost we can get accurate cost for an item and which helps to determine unit selling price without any losses.

In landed cost, salient features are.

1. Create shipments for items your purchase
2. Associate additional expenses incur for bringing those items to your godown
3. Do estimations
4. Do billings and find actual amounts
5. Close shipment cycle.






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