May 31, 2010
OOCL Logistics launches Landed Cost
OOCL Logistics has demonstrated its leadership in information technology and innovative solutions with the launch of Landed Cost.
Landed Cost helps customers accurately calculate the total cost of their product and therefore what it can be sold for. The total cost for an imported purchased item can include the vendor cost, transportation charges, duties, taxes, broker fees and other charges. Therefore, the total landed cost of an import item must be considered when evaluating sourcing decisions.
With OOCL Logistics Landed Cost, customers have a ready-to-use standard cost structure and all cost elements can be customized and calculated.
Benefits include:
• Reduced admin costs in gathering cost data from various supply chain partners
• Minimized workload and errors in actual landed cost calculation and analysis
• Improved international competitiveness by identifying and analyzing landed cost calculations
• Measurement of low-cost country sourcing performances to verify global sourcing decisions
“Controlling total costs, ensuring timely deliveries and customs compliance are essential issues that every international business needs to understand. Landed cost is a significant component of all of these concerns,” said Mr Ming Tsang, Managing Director, Corporate Sales and Customer Service, OOCL Logistics. “Our MyPodium Landed Cost Module incorporates the latest technology giving the performance and accuracy necessary to effectively allow customers to make informed sourcing and marketing decisions.”
“OOCL Logistics has the strategic knowledge and expertise to evaluate the whole supply chain, rather than just series of separate parts. We can help customers cut costs across the whole supply chain, instead of cutting costs in one area only to increase in another area,” said Mr Tsang.
“Customers can compare the cost trends of landed cost for products imported from different countries, as well as calculate and analyze costs, generate and deliver analysis reports. This greatly improves the competitiveness of their business,” said Mr Tsang.
Cost data can be transmitted to customer systems by flat file, CSV and EDI upon request.
Landed Cost is a PODIUM® product.
OOCL Logistics Ltd. is a wholly-owned subsidiary of Hong Kong Stock Exchange listed Orient Overseas (International) Ltd. OOCL Logistics is an international supply-chain management and logistics service provider with a network of 72 offices in 28 countries in North America, Europe and Asia. OOCL Logistics offers a comprehensive set of sophisticated physical, information and management solutions to serve the diverse supply chain needs of customers around the world, and provides a full range of logistics and distribution services throughout China. OOCL Logistics is an industry leader in supply chain information technology.