The landing cost price is the total unit cost, including cost price and related expenses.
In addition to the vendor cost price, it includes shipping and handling, and discounts.
Landing cost is the cost price in addition to extra expenses (and not only the extra expenses).
This can be set in the vendor attributes Section of Inventory Planner:
You can recalculate this value based on the values provided in the most recently received Purchase Order.
This can be done 1 of 2 ways, explained below.
Purchase order raised for 100 units, across 2 items.
Each variant has a cost price of $10.00.
The shipping and Handling charge in the example is $10.00.
Each line item has an additional 20% VAT/Tax added.
(Please note, our landing cost does not include the VAT/Tax in the calculation)
we will split the additional charge across each unit.
$10.00 / 100 units = $0.10 increase:
Method 1 -
Whilst creating the purchase order, use the option seen to update vendor information for line items variants.
This will then save all details that are set on the purchase order, back to the vendor attribute section.
To see the details we will save, using this option, you can place your cursor on the ? icon.
Method 2 -
Once the purchase order has been received, you can use the Actions Option, to update variants vendor info:
From here, you can choose what details you wish to push back to the vendor attributes:
You can then apply this, using the option to apply.
The Landing cost price may be used instead of the cost price to calculate some metrics, Which you can read more about on our Glossary of Terms.