Fixed Cost Assignment

From Version 5.0.0. of Clever Landed Costs, where a set cost applies for a Purchase Order, Transfer Order or Landed Cost Container, it is now possible to assign and process such costs. 

The cost will then be apportioned across the Items that have been received using a apportionment method, such as splitting by Weight or Quantity.

Note: fixed cost allocation will only work when using the Charge Item Cost Treatment option on the "Landed Cost Type" and it is not possible to setup default Fixed Cost values if any "Landed Cost Rules" have already been applied to the Cost Type.

When accessing the Fixed Cost Setup from the "Landed Cost Types" screen, the following screen will be shown, from which you can control the relevant Fixed Costs that you wish to account for when shipping goods.

Each Fixed Cost can be setup with the following information and will then be populated against the relevant type of Document/Container.

Landed Cost Type This is simply the Landed Cost Type that a Fixed Cost is being setup for. It will be automatically populated for you when coming from the "Landed Cost Type" screen
Type

Here you will specify what type of Document the cost will be linked to, with the following options

  • Purchase - will be used where you want to assign the Fixed Cost to Purchase Orders
  • Transfer - will be used where you want to assign the Fixed Cost to Transfer Orders
  • Container - will be used where you want to assign the Fixed Cost to a Landed Cost Container

Assignment to one of the above Documents will be dependent on the filter criteria as defined by the other attributes available on the Fixed Cost Setup record
Vendor No.

Relevant only for the Purchase Type if you specify a Vendor No. then only if the Purchase Order you create has the same Vendor No. will the Fixed Cost be applied
From Location Code

For Transfer Fixed Cost Setup records you are able to input this information to denote that the Fixed Cost shall only be relevant if transferring from a specific From Location Code
Location Code

For either Purchase or Transfer Fixed Cost Setup records, setting a Location Code will define that the Fixed Cost is relevant for specific receiving locations 
Container Type

Only relevant if the Type is set to Container, this enables you to setup specific costs dependent on the type of Landed Cost Container that is being used to transit the goods
Shipping Agent Code

For Transfer Orders or Landed Cost Containers you can set the Shipping Agent Code filter to enable you to specify different costs based on the Shipping Agent transporting the goods
Shipping Agent Service Code

For Transfer Orders or Landed Cost Containers you can set the Shipping Agent Service Code filter to enable you to specify different costs based on the Service used for transporting the goods
Shipment Method Code

Applicable to all of the available Type options - applying this filter allows you to set a different Fixed based on the Incoterms as identified by the Shipment Method Code set on the document 
Amount

Within this attribute you set the value of the Fixed Cost - which is stored in Local Currency

Fixed Costs which are assigned to documents upon creation, depending on the above criteria and be viewed and edited from either the Purchase Order, Transfer Order or Landed Cost Container document.