Hi all,
We recently upgraded from 10.2.400 to Kinetic 2024.2, and we’re reviewing our freight and landed cost processes. I’d really appreciate feedback or ideas. Here are the main areas we’re trying to get clarity on:
1. Landed costs on purchase directs vs. inventory
Right now, we disburse container costs across both inventory POs and purchase direct lines. Is there any real benefit to doing this for purchase directs? Or is landed cost disbursement mainly relevant for inventory items?
I imagine it’s important if a container includes a mix of inventory and job materials, but I’m unsure if we should bother disbursing costs to purchase direct lines in general.
2. Late landed costs – applying after receipt
Sometimes we hold off on receiving a container until all freight costs are known, which causes delays. I know Epicor allows you to apply landed costs to receipts later, but is this also okay for purchase directs?
Most of our purchase directs are shipped out to customers right away, so I’m wondering if it’s simpler to just receive the goods and allocate the freight separately—maybe via a PO linked to a project so it gets picked up as “Other Direct Costs” instead of burdening the material. Or would you just estimate the cost up front?
3. Intercompany containers
We regularly ship containers from Company A (one country) to Company B (another). Epicor doesn’t let us link intercompany POs to a container, which makes tracking container status and landed costs tricky.
4. Domestic transport costs (port to warehouse or client)
Once goods arrive at the port, we often incur additional domestic transport costs to get them to our warehouse or directly to the customer.
- What’s the best way to allocate these costs for inventory vs. job materials?
- For job materials, is a PO linked to a project the way to go?
- Should we be splitting these costs in the GL between inbound and outbound freight for clearer reporting?
Thanks in advance for any advice!