Landed Cost is a term in logistics that refers to the total cost of imported goods. This includes not only the cost of manufacturing and shipping the goods but also all costs associated with importing the goods. For example, when purchasing imported goods, the landed cost would include the cost of the goods, international shipping fees, import duties, taxes, insurance fees, and any other fees incurred during transportation. Landed cost is an important metric in logistics as it provides an accurate picture of the true cost of imported goods and is necessary for processing import customs procedures. Therefore, accurately calculating landed cost and devising strategies to minimize it is important in logistics.
Source : ChatGPT