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Inventory Management
Landed Cost


maximising profit margin is key to the success of wholesalers and distributors. To more accurately calculate profit, particular for importers, expenses like shipping or duty must be added to material costs to calculate landed cost. NetSuite makes it easy to track landed cost, by allowing you to allocate expenses to inventory receipts according to weight, value, or quantity. These allocated costs become part of the item's asset value. Then, when you sell, landed cost is used as the basis for cost of goods sold, and your inventory profitability report will compare revenue to landed cost rather than material cost.

 
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