Ability to update Item cost when we have separate invoice from freight carrier

Summary:

To achieve the requirement of updating item cost when we have separate invoice from freight carrier, Landed cost management is the only way suggested in the Oracle Doc: 2518531.1 Method To Add Actual Freight Cost To The Item Cost (Doc ID 2518531.1)

But, we want to know whether this is up-to-date information or not? Is there any new feature through which we can achieve this requirement?

Is there any other way we can achieve the requirement without using LCM.?

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):