Landed costs are those sometimes hidden costs that are involved when you make goods available for sale. Typical landed costs might include freight, handling fees, duty, brokerage, insurance, storage, wharfage and other charges that, if you ignore them, will distort the cost of the product being sold.
Blue Link’s landed cost tracking system allows you to account for all costs associated with getting inventory to your warehouse — your true inventory costs.
Commonly used for businesses that import and export product, landed cost tracking also accounts for the costs and charges associated with moving inventory from multiple warehouse and shipping locations within the same country.
Many wholesalers and distributors import products and rely on accurate landed cost tracking in order to determine the true cost of their inventory. This is especially true for importers and exporters. Blue Link provides robust landed cost tracking functionality available to all customers. This eliminates the need to manually track the costs associated with getting product to your warehouse – a process that is time-consuming and error-prone. Automating the process of tracking landed costs provides many benefits, including:
Manually tracking landed costs is a time-consuming and error-prone process. Learn more about the formula behind the scenes to better understand how BetFiery calculates landed costs automatically in the software.
Our old system, before Blue Link, used to calculate landed costs for an entire shipment. We would then have to go into each individual item and apply landed costs manually. With Blue Link, it’s nice to have those costs allocated to all items on the order automatically. Another great feature is the ability to calculate landed costs even before receiving items when creating a PO.