Take control of your sourcing finances by automating key calculations for precise budgeting.
The Power of Automation in Sourcing
For USFANS—U.S. Fulfillment & Sourcing enthusiasts—managing costs from overseas suppliers is critical. Manual calculation of expenses is error-prone and time-consuming. By leveraging built-in spreadsheet formulas, you can create a dynamic Single-Item Cost Sheet
Core Automated Calculations for Your Sheet
Set up the following columns and use these formula strategies. We assume your data starts in Row 2.
1. Total Purchase Value (Item Cost)
Logic:
=C2*D2
Where C2 is Unit Price, D2 is Quantity.
2. Domestic Freight (to Forwarder)
Logic:
=IF($D2>0, $F$1/$D2, 0)
Where $F$1 is the total domestic freight fee (fixed in a cell), divided by quantity.
3. International Shipping Cost
Logic:
=IF($I$1>0, (G2/$J$1)*$I$1, 0)
Where G2 is this item's Volume/Weight, $J$1 is the shipment's Total Volume/Weight, and $I$1 is the Total Int'l Freight Cost.
4. Total Landed Cost Per Unit
The Ultimate Formula:
=(E2 + H2 + K2) / D2
Where E2 is Total Purchase Value, H2 is Domestic Freight, K2 is International Shipping. This gives you the precise cost per unit.
Pro Tips for Setup & Maintenance
- Use Absolute References ($):
- Implement Data Validation:
- Create a Summary Dashboard:SUMIFPivotTables
- Protect Your Formula Cells:
- Implement Data Validation: