Landed Costs

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.

Maximo does not give an easy way in which such costs can be allocated to the stock, only allowing this to happen when the service costs are on the same invoice as actual items. The Landed Costs Solution Accelerator for Maximo is designed to solve these issues. It can be used 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.

Features

Client Testimonials

"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

Related Stories

Leave a comment

Your email address will not be published. Required fields are marked *