Landed Costing Software Solution

Are you tired of having to calculate your landed costs through a series of spreadsheets, drafts, alternate programs and utilities that seem to drain the time out of your day? If so, then the landed costing functionality found in SIMMS Inventory Management software is what you require. Let SIMMS handle the complicated task of tracking your landed costing. With accurate landed costs analysis at the transaction level, you can make informed decisions and improve your bottom line.

One of the unique features of the SIMMS Landed Cost software solution is the ability to define default landed cost information to your items like duty rates freight, insurance brokerage etc or associate at the point of receipt, you can also redistribute the landed costs for the receipt to the items on the receipt by quantity, or per item quantity/price or even by quantity/weight, you have the freedom and flexibility required to truly track the landed costs of your your way.

Landed Costing Software Solution

Objective

To provide visibility of imported goods while retaining control of all associated costs resulting in accurate landed costs.

The Value of SIMMS Landed Cost Tracking Software

  • Identifies all cost elements associated with goods that are purchased
  • Monitors the progress of arrival dates of shipments
  • Simplifies the receipt of shipments by pre-costing the shipment before the goods arrive
  • Achieves true landed costing for each product through accurate cost apportionment based on volume, value, quantity, weight, etc.
  • Inventory valuation will never be closer with SIMMS automating the landed costing distribution to your received goods
  • Automatically creates payable records for all vendors related to each portion of a landed cost allocation
  • Receives traceable stock items through inspection with lot and/or serial numbers

Audit Trails and Reporting

  • FIFO Allocation tracking gives you a quick easy way to reference your item related costs including your landed costs associated
  • Retains shipments on file as required

Landed costing Integration

  • Integrates with the inventory control, receipt of gbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbboods, General Ledger and Accounts Payable modules

Matching SIMMS to Your Business

  • enables the accumulation of multiple orders into a single shipment
  • Revises shipment quantities if differences exist with the original purchase order
  • Defines the currency rates for customs exchange calculations
  • Defined a bill of costs for each inventory item
  • Provides automatic routines to transfer landed cost price to the inventory warehouse costs
  • Define default landed cost information to your items
  • track Item duty rates
  • track Item freight
  • track Item insurance brokerage
  • track Item excise Tax
  • track Item commission
  • track Item brokerage
  • track Item Customs Costs
  • track Item FOB Costs

(RFQ) Request for Quote Manager

SIMMS Request for Quote (RFQ) enables for one-step translation of a requisition into a paperless RFQ document that can be emailed to selected vendors for competitive pricing via a buyer and supplier accessible system (portal) for managing requests for quotes (and other kinds of supplier requests).

Item Replenishment

Determine your replenishment requirements for your entire system in a snap with the replenishment module

Item Fulfillment

Fulfill your orders with ease once product has been received for large quantities of orders at a time with the order fulfillment manager

Purchase Order Management

With SIMMS you can generate and receive an entire PO or partially receive a PO as many times as required until the whole PO has been received, creating separate Receipt of Goods and Receipt of Invoice documents for each partial receipt

Auto-Reorder Points

Define automatic inventory item reorder points per location in a snap, using the economic or maximum stock level requirement settings assigning the reorder point, order quantity, minimum order quantity and maximum on hand values, and automatically generate purchase orders based on this defined criteria.

Landed Costing

Are you tired of having to calculate your landed costs through a series of spreadsheets, drafts, alternate programs and utilities that seem to suck the time out of your day? If so then the landed costing functionality found in SIMMS Inventory Management software is what you require. Let SIMMS handle the complicated task of tracking your landed costing.

Purchase Orders on Hold

Place purchase orders on hold in order to prevent the receiving of the specified PO.

P/O Authorization Staging

With the Purchase Order Authorization staging capabilities found in SIMMS, you can enable the added security of having to have purchase orders approved and authorized prior to receipt.

Purchase Order Cloning

Easily clone a purchase order into a new purchase order for the same or different vendor saving you valuable time in processing repeat orders.

Drop Ship Orders

With SIMMS, even complicated tasks like drop shipping orders is made easy.

Purchase Orders for Sales Orders

Advanced functionality such as creating purchase orders for sales orders and having the sales orders created automatically on the fly from the related PO is made simple with SIMMS. Not only can you create new sales orders on the fly but you can also add the PO-related items to an existing sales order.

Quick Payment from Receipt of Goods

You can apply quick payments such as deposits or even payments in full to a receipt of invoice on the fly from the same screen.

Serial Number and Warranty Tracking

Tracking and assigning an item's serial number, secondary level serial number and purchase warranty and sales warranty at the receiving stage is quick and easy when using SIMMS.

Manufacturer Lot Tracking

Easily assign and track an item's Manufacturer Lot number at the Receipt of Goods stage in SIMMS.

Expiration Date Tracking

SIMMS Expiration Date Tracking process tracks an unlimited amount of expiration dates from the time they are received into inventory until the time they are issued. This information is permanently recorded in the system, allowing inventory control personnel access to a wealth of historical and validation information. Expiration Date Tracking is essential in the flow of inventory items that can expire such as food or life-saving medication.

Alternate Bill-To and Ship-To

Easily select an alternate Ship-To or Bill-To address for your purchasing transactions.

Override G/L Distribution

You can override the G/L distribution for each line item on your transaction for simple flexible accounting.

Defer Receipt of Invoice

SIMMS enables you to choose if you wish to receive the invoice for a Receipt of Goods at the time of receipt or defer the receipt of invoice for a later time, postponing the distribution to AP and GL until that time.

View and Report Vendor Purchase History

SIMMS boasts an extensive library of reports and report generators giving you the ability to choose from some of the most versatile purchasing reports you could ever need.

Purchase Multiple Apparel Items with Matrix View

Effectively manage apparel and footwear styles using one item number with multiple color and size labels with the Apparel Matrix Inventory feature.

Purchase Order Reporting

From status reports to un-recieved PO reports you have the information you need when you need it.

Multi-Currency

Our optional SIMMS Multi-Currency module delivers powerful and comprehensive multi-currency accounting, purchasing and sales functions. Sophisticated currency management and seamless transactions in any number of currencies provides you with a global competitive edge.

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