Distributors and manufacturers deal with landed cost every day. The Business Dictionary defines landed cost as “the total cost of a landed shipment including purchase price, freight, insurance, and other costs up to the port of destination.” Landed cost may also include other taxes involved in the shipment such as customs duties and VAT. Landed cost is an important factor in coming up with a pricing strategy for products manufactured. It is crucial for companies who import goods for distribution or raw materials for product manufacturing to understand how much landed cost is or how it should be calculated in order to gauge profitability and pricing margins. Here are the steps to pricing your imported items with careful consideration of the landed cost:

However, if you are a company that deals with numerous shipments abroad twice or thrice every few weeks, tracking of the costs manually would take ages for you to finish. You would need an ERP software to make things easier for you. ERP Consulting LLC is a company that provides an ERP software, Microsoft Dynamics GP in Pataskala Ohio. Microsoft Dynamics GP is an enterprise resource planning (ERP) software systems for SMEs or small and medium-sized enterprises. It is a solution provided by ERP Consulting LLC to help businesses manage their financial transactions, inventory and operations. If you want to make use of the Microsoft Dynamics GP in Pataskala Ohio today, call ERP Consulting LLC at 740-951-0220 or email your queries at mtaranto@erpconsultingLLC.com.

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