Choosing a vendor partner is often more complex than just finding the cheapest price for your materials. Inbound landed cost is the total price of materials, goods, or commodities when it is received at your warehouse. So, while purchasing raw materials and shipping large volumes leads to discounts, inventory and warehouse costs could skyrocket when those goods arrive onshore. You need deep inbound landed cost insights before agreeing to import goods and materials.
ImpactECS gives you the ability to calculate detailed FOB and landed costs and creates a central location to evaluate and manage suppliers. Establish a data-driven procurement and sourcing program that identifies the hidden costs in your inbound supply chain.
Recent events have taught finance and costing leaders that unpredictability is the new norm—making effective cost planning a necessity. Cost data impacts organizational decisions from quoting new business, selecting vendors and suppliers, planning production, and servicing customers. The most innovative teams have enabled costing models that generate planned, forecasted, historical, and simulated cost data to drive commercial and operational decisions.
WATCH THIS SESSION and learn about use cases of cost analytics models that predict how market shifts are cost changes that impact profits, evaluate performance compared to benchmarks, determine the success of quotes to actual performance, and establish targeted cost management programs.