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Inventory receipts from overseas vendors

  • 30 September 2022
  • 4 replies
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We purchase large volumes of extrusion from China and Saudi Arabia. The freight charges are always received  6 to 8 weeks after the materials finally arrive. These freight charges normally equate to about 1/3rd of the total cost of the material. We use the total expense for inventory value since the freight expense is so significant. However, we need to start using the materials as soon as it arrives. Our current process is very cumbersome. We normally wait to enter the receipt until the final freight bills are received. By that time, 20 to 40 percent of the material has been consumed on orders. Does anybody else deal with similar purchases and have a good method of receiving and accounting for such purchases.

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Best answer by calvind 3 October 2022, 18:28

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Userlevel 1

Gary - 

The Landed/Cost Container Tracking module allows for distributing shipping and duty after the container was received across all the parts in the container.  This can be based on volume or value of the items in the container.

Hope This Helps,

Calvin

CodaBears, Inc.

Thank you. I could not locate this module. Is this an add-on to the inventory or purchasing modules?

Userlevel 1

Gary - 

Your Epicor CAM should be able to quote you the module.

This is a full stand alone module with purchasing & inventory.

HTH,

Calvin

Thank you Calvin,

I will check this out.

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