Landed Cost Management

While many ERP solutions assume that manual processes or external applications manage imported material requirements, Verticent addresses these unique process requirements out of the box. Verticent ERP automates the procurement of globally sourced material and reduces the administrative time associated with international purchase orders.

Verticent ERP provides built in support for metal trading and assists in streamlining the procurement and management of imported product. The management of purchases from across the globe is a challenging task. Buyers must continuously address multiple time zones, languages, localizations and a complex web of supply chain transportation methods. Verticent ERP helps to ensure that material that is sourced from overseas is delivered on time and with the right quality, while balancing the need for capturing all the necessary costs associated with the delivery.

Verticent ERP helps metal trading and importers in several areas:

• Track and assess “true” landed cost including all broker, terminal, transportation and duty fees.
• Track all chemical and physical properties of the imported material.
• Provide comprehensive container and vessel tracking, with real-time updates as to delivery and lead time.
• Support for outbound shipments from 3 rd Party Logistics (3PL).
• Provide support for commercial, shipping and payment terms.
• Assist in defining and managing contracts with your supplier.
• Purchase Order Acknowledgements can be delivered via Mail, Email, Fax and EDI.
• Provide Entry Details on incoming containers and vessels including Port, Agent, Broker, Ocean Rate Code, Total Entry Cost and Clearance Date.
• Support for tracking of Harmonized Codes.
• Management of all costs associated with the cost of the goods, the transportation and insurance costs and other government or regulatory fees assessed on the goods.
• Heat traceability from source mill through to outbound port, vessel, inbound port, customs, freight forwarder and warehouse.
• Flexibility in managing the payment for imported product with the multiple supply chain partners. This includes: check, letter of credit, wire transfer and Electronic Funds Transfer (EFT).
• Detailed financial analysis tools are provided to review detailed cost information on any aspect of your international logistics business processes.

 

• If you would like more information about how Verticent Solutions can help your business, contact us today.