Most of our clients purchase Goods from Foreign or Distant Supplies and have to record additional cost, for a given inventory item, in order to recognize its true cost. This can be quite crucial for companies that work on slim margins or need to have their manufacturing cost to be as accurate as possible. Finally, a proper reflection of the LANDED COST that a company is realizing, can be used to properly reflect the borrowing base for a third-party loan which is backed by the inventory asset. As a result of proper landed cost processing, the inventory cost and inventory balance sheet value are truly reflective of the replacement cost of the item, not just the direct cost from the Supplier.
The attached Video will review the Inventory Landed cost options that Microsoft Dynamics NAV 2016 offers and discuss what options might work best for your organization.
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