Landed Costs

The Landed Costs Solution Accelerator for Maximo is designed to split costs of services from different vendors present on different purchase orders at invoice stage, allowing your organisation to reflect the real costs of inventory.

The cost of inventory being held within the storerooms operated by your organisation are made up of the cost paid for the items themselves together with the cost of the services such as freight, insurances, and duties which are needed to bring these items to the storerooms.

A typical example is when an item is bought and shipping and insurance are on different Purchase Orders. The shipping and insurance cost still need to be attributed to the item.

Service costs can be split on Inventory

A single service invoice can be used in multiple landed costs documents

Selectable lines are set from Invoice application

When document is approved, costs are split and can be seen from the Inventory Application

Costs are split proportional to inventory costs

Computime were selected to implement a Group Financial and Management Accounting System based on Infor SunSystems. Originally designed to run 75 users, the system will eventually host an excess of 100 users and support all GO companies across a Citrix-enabled WAN. As an extension to the core Financial Management project, Computime were entrusted with the implementation of a procurement management solution – addressed by iRIX. The system is being used by tens of users within GO and handling thousands of purchasing transactions per month
Chris Vella Systems Support Specialist GO plc

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