If you’re sourcing product overseas and not capturing the full cost of getting it to your dock, your inventory valuation is off from the moment goods arrive. Freight, duties, customs fees, and port surcharges are real costs that get absorbed by your product – and if they’re not reflected in your cost per unit, your pricing is working from the wrong baseline and your margin reporting is essentially a guess.
This is a common problem for importers, and it tends to get patched with spreadsheets or just ignored until someone notices the numbers don’t add up.
Odoo handles this through a Landed Costs workflow that lets you add import charges after the fact – once you actually know what they are – and allocate them across the products that absorbed those costs. The allocation can be weighted by quantity, by value, or by volume depending on how your operation works. The result is an accurate cost per unit that reflects what you actually paid to get the product on your shelf.
For businesses competing on price in imported goods categories, getting this right matters. Understated costs mean you may be winning deals you’re losing money on. It’s one of the cleaner ways to tighten up margin accuracy without adding manual work to your receiving process.
Want to see how this would work in your Odoo environment? Book a call here.