It is Tuesday morning, and you are already behind. Last week, you sold a batch of goods that were supposed to arrive yesterday. The supplier sent the invoice, but the landed cost was wrong. You spent hours in a spreadsheet, trying to figure out the accurate landed cost, including duties and transport fees. By the time you finished, the goods had arrived, and the margin was off by more than you had anticipated.
You had to adjust your pricing on the fly, which meant contacting customers and explaining the change. Some understood, but others were frustrated. You lost a few sales because of the price hike. It is a constant battle to keep your margins accurate, and it feels like you are always playing catch-up.
The problem is not just with one supplier or one batch of goods. It happens repeatedly, with different suppliers and different types of goods. Each time, you have to go through the same tedious process of recalculating the landed cost and adjusting your margins. It is time-consuming, error-prone, and it affects your bottom line.
You need a way to accurately calculate the landed cost and margin for every batch of goods you sell. You need a system that can handle the complexities of duties, transport fees, and currency fluctuations. You need a solution that can keep up with the fast-paced nature of your business, without requiring hours of manual calculations each week.
Our trade engine is designed to solve the problem of inaccurate margins and landed costs. It is a single engine that can price landed cost, duty, and margin for whatever you sell. The engine is configured per vertical, meaning it is tailored to the specific needs of your industry rather than being a one-size-fits-all solution.
The trade engine is built on a multi-tenant framework, which means it can handle multiple customers and multiple types of goods simultaneously. This framework ensures that the engine is scalable and can grow with your business.
The engine includes a freight-bond calculator, which is consumed by the trade desk. This calculator takes into account all the variables that affect the landed cost, including duties, transport fees, and currency fluctuations. It provides an accurate calculation of the landed cost, which you can use to set your prices and margins.
The engine also includes an industry-specific pack. This pack contains all the rules and regulations specific to your industry, ensuring that the engine complies with all relevant laws and standards. It also includes best practices and industry benchmarks, helping you to optimise your operations and improve your margins.
The engine is delivered as software, which means it can be integrated into your existing systems. This integration ensures that the engine can work with your current processes and workflows, without requiring a complete overhaul of your systems.
With our trade engine in place, you no longer have to spend hours each week recalculating landed costs and adjusting margins. The engine does this automatically, providing you with accurate calculations in real-time.
This accuracy means that you can set your prices and margins with confidence, knowing that they are based on accurate data. You can avoid the frustration of having to adjust prices on the fly and the risk of losing sales due to unexpected price hikes.
Moreover, the engine provides you with insights into your operations. You can see exactly where your costs are coming from and how they affect your margins. This information allows you to make informed decisions about your pricing strategy, supplier relationships, and operational efficiencies.
You can now focus on growing your business rather than on manual calculations. You can spend your time on strategic activities, such as expanding your customer base, negotiating better deals with suppliers, and improving your operations.
You can start by taking your last month's invoices and comparing the landed costs calculated by the engine with your manual calculations. The differences will show you where the errors were and how much you could have saved with accurate calculations.