We live in an increasingly connected world.
From factory suppliers to freight forwarders or courier services getting product from the other side of the world could not be any easier than it is today. Carriers operate on land, by air, and by water, and you can ship something from as small as a thimble to as large as machinery and vehicles, from as near as a local customer to as far as another continent.
If you have ever wondered how you can track and monitor your costs and as well track shipping and other inbound costs to better understand your cost of good sold, this guide is for you.
This guide makes two assumptions. The first is that you are not a Certified Public Accountant (CPA). The second is that you don’t want to be, but you want to access a way to increase profits without the confusion and chaos often related to calculating tracking the product costs.
Recently, container shipping rates on significant routes were quadruple even the highest rates seen in the past. This guide addresses how certain cost increases impact your pricing decisions, and helps you keep accurate key performance metrics that are accurate, which drive your business's bottomline forward.
You are in the right place, if you want accurate costs and correct metrics. Some very important business decisions are based off your metrics.
Don't make the mistake of using bad data in your decisions.