Inbound Shipment Management
An order is identified as an inbound shipment when a vendor packs the purchase order items to ship to the buyer’s receiving destinations. Inbound Shipment Management enables you to track shipments when they leave the supplier, to the receiving destination, and then into the buyer’s inventory.
Inbound shipment records track shipment information such as expected delivery dates, items in the shipment, quantity to be received, and links to documentation and transactions. You can assign items from multiple purchase orders to the shipment and then receive, bill, and transfer them from the newly created record.
Landed costs can also be applied to an inbound shipment. Spread these costs across the entire shipment (in the case of brokerage fees) or apply them to specific line items, such as customs duty.
Organizing shipment information into a single record centralizes information making it more accessible. Streamlining these bulk transaction processes can help cut administration time.
Inbound Shipment Management Key Features
Inbound Shipment Management enables you to:
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Track incoming shipments
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Account for in-transit inventory and status across your organization
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Apply landed costs to an entire shipment rather than individual item receipts
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Streamline incoming shipment receiving and billing
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Provide accounting support for ownership transfers