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Lot Purchase Costing | Purchse Cost Management | Total Lot costing | Landed Cost Tracking | Lot-based Pricing | Automated Landed Cost Calculation

by
Odoo

63.03

v 18.0 Third Party 1
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Inventory (stock)
Invoicing (account)
Purchase (purchase)
Discuss (mail)
Lines of code 41
Technical Name cr_lot_purchase_costing
LicenseOPL-1
Websitehttps://www.creyox.com
Versions 16.0 17.0 18.0
You bought this module and need support? Click here!
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Inventory (stock)
Invoicing (account)
Purchase (purchase)
Discuss (mail)
Lines of code 41
Technical Name cr_lot_purchase_costing
LicenseOPL-1
Websitehttps://www.creyox.com
Versions 16.0 17.0 18.0
Community Enterprise Odoo.sh

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Lot's Purchase Costing


Overview

The Purchase Product Total Cost Including Landed Cost Odoo app enables businesses to track the complete cost of purchased products at the lot level, factoring in both purchase prices and landed costs. This module is particularly beneficial for industries involved in procurement and manufacturing, as it ensures accurate cost calculation before proceeding with further operations or dispatching products to customers. By integrating landed costs, businesses gain better cost transparency and improved financial decision-making.


Once installed, this module automatically computes the total cost on each lot number by considering the purchase price from supplier invoices and adding the corresponding landed costs. This ensures that cost distribution is precise and reflects the actual expense incurred for that specific lot and quantity. The system seamlessly manages cost calculations whether the lot is received in a single shipment or multiple deliveries, ensuring accuracy across all scenarios.


No matter how many receipts are associated with a lot, whether from different shipments or the same batch, this module intelligently distributes and maintains the correct costing. It eliminates manual errors in cost tracking, making it easier to analyze and control expenses. With this enhancement, businesses can confidently manage their inventory, optimize pricing strategies, and ensure accurate cost reporting for financial and operational efficiency.



Hot Features

Lot-Based Total Cost Calculation
Live Cost Tracking on Lot Numbers
Real-Time Cost Visibility
Detailed Progressive Reporting
Automated Cost Distribution
Accurate Inventory Valuation


Features

Set and manage total lot cost, including purchase and landed costs, for accurate inventory valuation.
Automatically calculate and update total cost per lot based on purchase bills and landed cost entries.
Track and manage multiple receipts for the same or different lots, ensuring precise cost allocation.
Seamlessly integrate landed costs like freight, customs duties, and handling fees into lot costing.
View real-time cost updates on lot numbers, enabling accurate financial and pricing decisions.
Automate cost distribution across lots, reducing manual effort and ensuring accurate costing.
Generate detailed reports on lot-wise total cost, landed cost distribution, and purchase history.
Monitor and track lot costs across different operations, ensuring complete transparency.
Fully integrate with Odoo’s purchase, inventory, and accounting workflows for seamless operations.



Work Flow Of Evaluation

  • User need to navigate to Settings >> Inventory >> Select as True Landed Costs.
  • Ensure to Purchase Product must be Storable Product so, Let's Create Example Storable Product Go to >> Product >> New.
  • As you seen, Product Type Configure with Storable Product and Now, Jump into Inventory >> Traceability on Bottom
  • Configure Tracking >> By Lots
  • Now, Create New Purchase Order With Created Product
  • Create Purchase : Purchase >> New >> Select Vendor >> Select Product .
  • Confirm Purchase Order: Let's Jump into in Receipt.
  • Now, Let's Configure Lot's
  • Go to Product Line >> Click on 3-line Icon
  • Add Serial/Lot's Number
  • And click on >> Save
  • Now, >> Validate Receipt Order
  • Yes, you can also Configure Landed Cost with Multiple Purchase Order
  • As you can see, Create new Purchase Same as Previous with new Lot's/Serials Number
  • You can see, receipt created with New Lot's
  • Now, For Additional cost for Lots, You should to Create Landed Cost
  • Go to, Inventory >> Operation Sub menu >> Landed Costs
  • As We Discussed, I want to Add Multiple Receipt in Additional Cost
  • Add Receipt in Transfer
  • As, you can see Three added Additional Service Charge Cost
  • Do Compute Operation for Track Valuation
  • As, you can see Valuation Adjustments
  • If You Want to watch Lot's Wise Costing, Go to Products >> Lots/Serial Numbers in Inventory
  • You can see, Purchase Cost and Additional applied Landed Cost For separate Lot's
  • If you want to watch Valuation records For Separate Product
  • Go to Reporting >> Valuation
  • in Inventory

Our Services

  • The module manages lot costing by automatically calculating the total cost per lot, incorporating both purchase prices and landed costs. It ensures accurate cost allocation and real-time cost updates, helping businesses track expenses efficiently.
  • Odoo manages lot-based costing by capturing purchase prices from supplier invoices and integrating landed costs such as freight, customs, and handling fees. The system dynamically updates the total lot cost, ensuring precise inventory valuation and financial accuracy.
  • Yes, this app works perfectly with Odoo Enterprise (Odoo.sh & On-Premise) as well as Community.
  • No, this app will not work for Odoo Online.
  • Please contact us on support@creyox.com
  • Yes, we give free support when you buy these app for 60 Days.
  • Yes, you need to pay different prices of app version wise.
  • You can raise a Ticket on support@creyox.com we'll get back to you with fixes.

Our Services

Odoo Proprietary License v1.0

This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
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