Rootstock Software has recently announced the launch of advanced costing and inventory management capabilities for globally connected and high-volume manufacturers and distributors. The company’s spring release includes Freight and Landed Cost, Inventory License Plating, and an Online Learning Center, which can help companies rapidly adopt Rootstock Cloud ERP.
Launched in 2008, Rootstock Software has become a worldwide provider of cloud ERP on the Salesforce Cloud Platform. When combined with Salesforce CRM, Rootstock Cloud ERP offers manufacturing, distribution, and supply chain organizations a single platform to grow and manage their businesses. Rootstock Cloud ERP provides a flexible, modern and connected solution for manufacturing, distribution and supply chain in a variety of industries such as: Aerospace & Defense, Cannabusiness, Engineer-to-Order, High-Tech & Electronics Manufactures, Medical Device Manufactures, Wholesale Distributors, and more.
Freight and Landed costs typically include freight, import duties, custom duties, taxis, and tariffs. These costs can be apportioned to inventory in a variety of ways, including by weight, quantity, value, purchase order line count, or as an additional percentage. The standard costing method ensures standard costs incorporate the cost of obtaining the item and allows a company to assess the accuracy of the standard. By making these costs more visible and transparent, supply chain managers can better evaluate and compare alternative supply chain sources.
“Our Freight and Landed Cost capabilities are designed for companies that incur substantial costs in bringing goods from supplier locations to their warehouse,” says Tom Brennan, CMO at Rootstock Software. “The new functionality allows companies to capitalize these costs and apportion them to inventory items. As a result, they can more accurately capture the real and complete costs of inventory, and consequently, establish profitable price points.”
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