Understanding Landed Costs and Returns In Unleashed, you can learn how to track landed costs and returns efficiently, helping you manage your inventory better.

Ever feel like hidden expenses are quietly nibbling away at your profits? You’re not alone. Many businesses overlook landed costs. Those sneaky expenses like shipping fees, customs duties, and insurance – that can significantly impact your margins. Similarly, mismanaged returns can further muddy your financial waters. But don’t worry; tools like Unleashed and TIDE are here to help you navigate these challenges with ease.

The Importance of Landed Costs and Returns Tracking

Accurate Costing

Imagine importing products, confident in your healthy profit margins, only to find them shrinking due to untracked shipping fees and customs duties. Accurate tracking of landed costs ensures you know your true product costs, allowing you to set appropriate pricing and maintain healthy margins.​

Inventory Management

Without precise landed cost tracking, your inventory valuation can become a guessing game, leading to misinformed decisions about stock levels and profitability. Integrating Unleashed with TIDE addresses this issue by automating data synchronization between your eCommerce platforms and inventory management system. This integration records every sale, return, and inventory adjustment accurately, giving you real-time insights into your stock levels and financial health.

How Unleashed Manages Landed Costs and Returns

Unleashed provides robust features for managing landed costs and returns, and TIDE supercharges these capabilities when combined.

Purchase Order Management

Unleashed allows you to allocate landed costs directly to purchase orders, capturing expenses like freight and customs duties. TIDE automates the flow of order data between your sales channels and Unleashed, ensuring that you accurately assign every cost without manual intervention.

Return Order Functionality

Managing returns can be a headache, but Unleashed’s return order functionality simplifies the process. When integrated with TIDE, return data is seamlessly synchronized across your systems, ensuring that inventory levels and financial records are updated in real-time, reducing the risk of errors and stock discrepancies.

Tracking Landed Costs

Effectively tracking landed costs is crucial for maintaining profitability. Here’s how Unleashed, enhanced by TIDE, can help.​

Adding Landed Costs to Purchase Orders

Shipping, Duties, Insurance

Unleashed allows you to add various landed costs to purchase orders, providing a clear picture of total product costs. TIDE further streamlines this by automating the synchronization of these costs across your eCommerce platforms and Unleashed, ensuring that every expense is accounted for without manual data entry.

Cost Allocation

With Unleashed, you can allocate costs across different products, gaining insights into individual product profitability. TIDE enhances this by dynamically organizing and tagging sales based on customizable rules, allowing for more granular cost allocation and analysis.

Reporting Landed Costs

Regular reporting is key to understanding your financial health. Unleashed provides detailed landed cost reports, and TIDE enriches these reports with data from all your sales channels, giving you a comprehensive view of your costs and margins.

Cost Analysis

Analyzing landed costs helps identify areas where you can cut expenses. The integration between Unleashed and TIDE allows for advanced data analysis, highlighting trends and opportunities for cost reduction across your operations.​

Inventory Valuation

Accurate inventory valuation is essential for financial reporting. By synchronizing inventory data between Unleashed and your sales platforms, TIDE ensures that your inventory valuation reflects true costs, aiding in precise financial reporting.​

Managing Returns

Returns are inevitable, but managing them doesn’t have to be painful. With Unleashed and TIDE, you can handle returns efficiently, keeping your operations smooth and your customers happy.​

Creating Return Orders

Linked to Sales/Purchase

Unleashed’s return order functionality links directly to sales and purchase orders, streamlining the returns process. TIDE enhances this by ensuring that return data is automatically synchronized across all your systems, reducing manual tracking and potential errors.​

Return Reasons

Understanding why products are returned can provide valuable insights. With TIDE, you can categorize and analyse return reasons across all your sales channels, helping you identify and address underlying issues.​

Inventory Adjustments and Credit Notes

Managing inventory adjustments and credit notes is simplified with Unleashed. When integrated with TIDE, these adjustments are automatically reflected across your systems, ensuring that stock levels and financial records are always accurate.​

Stock Restocking

Unleashed helps manage stock levels by providing real-time data on inventory status. TIDE enhances this by synchronizing stock updates across all your sales channels, ensuring that restocking decisions are based on accurate, up-to-date information.​

Refund Processing

Processing refunds is straightforward with Unleashed. TIDE streamlines this by automating the synchronization of refund data across your systems, ensuring that customer refunds are processed efficiently and accurately.​

Best Practices

To maximize the benefits of tracking landed costs and managing returns, consider these best practices.

Accurate Data Entry

Cost Tracking

Ensure that all costs are accurately entered into your systems. The integration of Unleashed and TIDE automates much of this process, reducing the risk of human error and ensuring that all expenses are accounted for.​

Return Reasons

Capturing return reasons is crucial for improving products and services. With TIDE, you can automatically categorize and analyse return reasons across all your sales channels, providing valuable insights into customer satisfaction and product performance.​

Regular Reports

Cost Analysis

Regularly analyse your costs to identify trends and opportunities for savings. The combined power of Unleashed and TIDE provides comprehensive reporting capabilities, allowing you to drill down into cost data and make informed decisions.​

Returns Analysis

Understanding return patterns can help improve your offerings. With TIDE, you can generate detailed returns reports, highlighting areas for improvement and helping you enhance customer satisfaction.

Read more about our Financial Clarity Solutions.