Hi All,
Managing freight costs and allocating various charges to inventory part cost can be a challenging process. Within IFS, there are several methods to handle this — for example, by defining an overhead or using purchase charges combined with different distribution methods.
This process is straightforward as long as we know the charge amounts before the goods are received, allowing us to adjust the purchase order accordingly.
However, I often encounter difficulties when freight costs are unknown at the time of receipt. For instance, we may receive the freight invoice two weeks after the goods have been received. I would like to ask what is the best approach to add these charges to the inventory cost of the parts in such cases? Re-receiving the PO does not appear to be an option.
Could you please share how you typically manage these situations?
Thanks,
Chamath
