Introduction
The global trade landscape is shifting—again. With recent tariff changes shaking up import/export costs, businesses must adapt quickly these changes or risk of losing profitability. If you’re running your operations on Acumatica, you’re already ahead of the curve. But are you using its full potential to manage the impact of these tariffs on your supply chain?
Understanding the Impact of Tariff Changes
With the new Tariff fluctuations happening more frequently can lead to unexpected increases in additional cost to bring inventory and this could lead to squeeze margins, and disrupt inventory planning. Whether you’re importing raw materials or finished goods, even a small tariff increase can have a ripple effect on your bottom line.
How Acumatica Helps You Stay in Control
Here’s are some of Acumatica ERP’s features allow to adapt any tariff changes and stay competitive:
1. Use Landed Cost Tracking
Acumatica’s Landed Cost Functionality allows you to:
- Allocate tariffs (and other charges like freight and insurance) across multiple items
- Update inventory costs automatically
- Analyse true product costs in real time
Note: Make sure your tariff costs are properly categorized in your landed cost codes to reflect the latest changes.
2. Automate Mass Cost Updates with Import Scenarios
Tariffs change fast. Manually updating item costs? For all the product when import tariff is changes is a very tedious job and not feasible, but Acumatica comes with the import solution.
Use Acumatica’s Import Scenarios to:
- Batch update costs based on new tariff rules
- Apply mass changes to multiple inventory items
- Keep your pricing strategies aligned with real costs
3. Leverage Acumatica Dashboards and Reporting
User can leverage Acumatica easy to configure dashboard feature to:
- Monitor increases in landed costs
- See which SKUs are most affected by tariffs
- Adjust sourcing strategies based on real data
4. Easy Integration with Trade Compliance Tools
Acumatica supports integrations with third-party trade compliance platforms.
Consider some of the tools like Avalara or Thomson Reuters ONESOURCE. Which help users to.
- Stay informed of real-time tariff updates
- Ensure you’re compliant with international trade regulations
- Avoid penalties and overpayments
Conclusion:
Don’t Let Tariffs Derail Your Supply Chain, Tariffs are a moving target, but with the right tools, you can stay agile and protect your profit margins. Acumatica provides the flexibility and insight you need to handle recent changes with confidence.
Need Help Optimizing Your Acumatica Setup?
Whether you’re new to tariff tracking or looking to automate your workflows, our team can help you get the most out of Acumatica. Reach out today for a free consultation.
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