Take control of rising fuel and freight costs with Sympac!
Businesses today face significant challenges from rising freight and fuel expenses, which can substantially increase delivery costs and result in inconsistent pricing.
For example, freight surcharges for bulky goods in certain regional areas may reach as much as 23% above supplier invoices, driven by fuel price increases as well as the added impact of transporting heavy products and servicing remote locations.
Sympac provides practical tools to help manage these escalating fuel and freight costs by enabling features such as landed cost calculations, freight recovery, delivery levies and freight amortisation – helping safeguard margins as rates fluctuate.
At Sympac, we’re here to help you manage freight costs and keep your business thriving. With rising fuel and freight prices, we have a range of freight management features to make things easier, and we are here to offer you the support you need to adapt to these economic pressures.
Sympac Freight Management Features & Functions
Freight Recovery
- Costs are built into product pricing using established rules and goods-inwards costing, with separate tracking to clarify expenses during volatile periods.
- The freight recovery percentage is set at the goods-inwards stage and recorded in a “freight recovery” GL account, resulting in average cost inflation and providing detailed insight into procurement costs globally and by product.
- This approach safeguards margins, ensures accurate pricing where freight is significant, and is used by groups and Sapphire-sized stores.
- We have a Freight Recovery symlearning course available now! You can find this course in the “Goods Inwards” or the “Inventory” learning pathways on your learning dashboards. Not on symlearning: click here to register.
Freight Amortisation
- Distribute freight costs among order lines (for example, based on value) so that each item includes its portion of the delivery cost—leading to more accurate costing when freight expenses fluctuate.
- Since amortisation adds freight costs to inventory value, it can affect when expenses are recognised and reported. It’s important to consult with your accountant or finance team before deciding to implement this feature.
Landed Cost
- Incorporate freight, fuel surcharges, and other purchasing expenses to calculate an accurate landed cost, ensuring pricing and margins reflect the true delivery costs.
- Landed cost includes purchase price, freight recovery, and extra expenditures in the product’s total cost. It can be used to: Set product prices and markups with greater accuracy and calculate profit by landed cost in POS (quotes, orders, invoices, and profit screens).
Delivery Levy
- Automatically add a levy to delivery lines by linking a delivery product to a levy product.
- The levy can be a fixed amount or calculated as a percentage of the delivery charge, helping you recover fluctuating fuel/freight costs consistently.
- When a delivery charge is selected in the POS, the corresponding levy is automatically applied to the invoice, ensuring consistent and accurate billing.
How to access these features?
Existing Sympac customers who wish to find out more about these Freight Management features and how to activate them can call our Help Desk Team on 03 5649 6200.
Important ACCC Business Pricing Info!
Follow the link below to view information on the ACCC website regarding rights and responsibilities around business pricing.
Not a Sympac Customer?
Call our Sales team on 1800 796 722 and find out why we have the solutions you need to get on with business!
