Do you know precisely how much it costs to order new parts, products, and materials? You need to look beyond the initial price tag and dig deeper to discover what is known as the Landed Cost or True Cost of each item.
Landed Costs are calculated by adding up all the costs that go into getting products from one location to another. These costs can be separated into four categories. Let’s go through each one: (more…)
Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks, and small business. Fishbowl is the #1-requested manufacturing and warehouse management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.