Inbound Shipment Costing with NetSuite Volume-Based Calculation
A leading UK online retailer of premium indoor and outdoor products approached Jobin & Jismi to determine landing cost depending on the volume of inbound shipments. Customers value the creation of stunning outdoor spaces that serve as an extension of their home. They provide a wide range of equipment to assist individuals in creating the ideal living space, such as dining sets, lounge chairs, heaters, barbecues, fire pits, lighting, and more.
When our client receives an inbound shipment, it may consist of multiple item receipts, each with its own unique set of items and quantities. To properly track the cost of the shipment, our client needs the bill amount to be divided amongst all the item receipts associated with that specific inbound shipment. This division of cost is done based on the volume of each item receipt, ensuring that the cost is allocated proportionately to each item receipt.
To facilitate this process, our client utilizes inbound shipment records to track important information about the shipment, such as the estimated delivery date, the items included in the shipment, the quantity of each item to be received, and links to relevant documents and transactions.
What We Suggested
Our team of experts has taken a thorough and meticulous approach to understanding the specific requirements of our customers. To achieve this, we have implemented a system that calculates the landed cost based on the volume of each item. This allows for accurate cost allocation and ensures that the final cost is fair and proportionate to the amount of each item received.
Additionally, our system allows for editing existing terms, as well as the ability to add new cost categories, bills, currencies, and amount details. This flexibility ensures that our customers have complete control over their landed cost calculations and can easily adapt to changing circumstances.
To further enhance the usability of our system, we have implemented an alert message that is triggered when a user attempts to add a duplicate cost category. This helps to prevent errors and ensures that all cost categories are unique and properly accounted for.
Our implementation of a volume-based landed cost update has had a significant impact on the efficiency and accuracy of our client’s operations. Here are the key benefits:
1. Streamlined processes and saved time: By eliminating the need to manually split costs across multiple item receipts, our solution has helped to streamline processes and save valuable time and effort.
2. Easy adjustment of landed cost details: Our solution allows users to view previously recorded landed cost details and adjust as needed. This means that the user can quickly and easily modify the inbound shipment value, ensuring that it accurately reflects the actual cost of the shipment.
3. Real-time editing: With the option to edit cost categories directly on the same page, users can make changes in real-time without having to navigate between multiple screens or systems. This saves time and reduces the risk of errors.
4. Improved accuracy: Our volume-based landed cost update has also enhanced the accuracy of inbound shipment values. By considering the specific volume of each item, our solution ensures that the costs are allocated fairly and proportionately, providing a more accurate and reliable measure of the true landed cost of each shipment.
Overall, our solution has delivered significant value to our client’s operations, helping them to save time, reduce errors, and improve accuracy. Our commitment to delivering customized solutions that meet the unique needs of each client ensures that they can rely on us to always provide exceptional service and support.