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 commissioned to provide a Facilities & Financial Management solution to streamline Palm City’s daily operational processes. The project was implemented in two phases; phase 1 – Infor SunSystems Financial Management and phase 2 – IBM Maximo Facilities Management. The overall solution enhanced data evaluation, fully automated drill-down reporting, improved the operational efficiency of the customer and contract management processes, and streamlined the supply chain management and procurement processes.”
   
Joseph Elsadig, Financial Controller, Palm City Residences

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