Transaction Landed Costs

Creating a Transaction i.e. Purchase Order

When creating a Purchase Order, the QMC application introduces additional functionality on the TradeQloud tab.

Calculation of Landed Cost Budgets

As transaction lines are entered, any applicable Landed Cost Budgets will be displayed on the Landed Cost Budget field group.

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Example of Landed Costs being calculated on transaction entry

This allows for users to see which landed costs are applicable, before the transaction is saved. Changes can be made as follows:

• Landed Costs can be excluded by checking the Apply check-box

• Rates / Percentages can be modified

Landed Cost Impact

Another field group displays the impact that the Landed Costs have on the rate, as well as the total cost

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Example of Landed Cost Impact Table

• Item, Quantity, Rate, Amount are all sourced from the transaction

• LC Impact is calculated as the Total Landed Cost / Quantity

• Landed Rate is calculated as the Rate + LC Impact

• Total Cost is calculated as the Amount + Landed Cost

TQ Transaction Landed Cost

When the transaction is saved, the application will create the TQ Transaction Landed Cost records (if applicable). This record represents the application of the cost from the budget record. TQ Transaction Landed Costs can also be added manually to transactions, or existing records can be modified

TQ Transaction Landed Cost Allocation

The application will also create a TQ Transaction Landed Cost Allocation record as a child to the TQ Transaction Landed Cost record. The record documents the allocation of each Transaction Landed Cost to individual line items within a transaction. It provides granular details on how landed costs are apportioned across items, ensuring precise cost tracking and financial accuracy in inventory valuation.

The Landed Cost Allocation records cannot be modified by users

Receiving a Purchase Order

When an Item Receipt is created from a Purchase Order, the application will automatically apply the Landed Cost to the Item Receipt at line-level. It uses information from the TQ Transaction Landed Cost Allocation record to determine the amount for each applicable Landed Cost category.

This information is also summarized on the TradeQloud tab.

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