What is Product Landing costs? One of the challenges for the Importer is to know their Product Landing costs of the Imported items that he is purchasing. What is Product landing costs and why arriving at this costs and its components are important? How it helps? The reasons are many and lets try to explain […]
Product Landed Costs: 100% Best Guide to understand more. What is landed cost? When we source the Products from a Overseas Supplier, it is essential for us to know the total cost of the product including Foreign exchange rates, Customs Duty and taxes paid etc. This helps us to value the product and decide on […]
What is Value Added Tax or VAT? Value Added Tax (VAT) is a Sales Tax collected by the Government of the state where the goods or services is bought by the consumer. It is a tax on the final consumption of goods or services which is borne by the end user or the consumer. VAT […]
Balance Stock – Recently we met a prospect, who is into manufacturing of OEM items. He was looking for an ERP solution on could that helps him to streamline his process. This is a 40+ yrs old company and at one stage enjoyed a profit margin of 25%. A discussion with company’s Director explained the […]