Understanding total landed cost (TLC) is crucial in supply chain management because it provides a comprehensive view of all the costs associated with sourcing and delivering a product to its final destination. TLC includes not only the initial cost of the product but also various other costs such as transportation, customs duties, taxes, insurance, handling fees, and any other costs incurred until the product is delivered to site. Article covers critical elements such as Fixed, Variable, and Subjective costs that help in sourcing high-quality, affordable products.

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