Entering Item Costs

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For the purpose of generating Purchase Orders, I would like to be able to enter and save my wholesale cost for products in the inventory system.  Otherwise I will have to look up every cost for every item every time I create a new purchase order for that item.

It would also be nice if I could enter an additional discount on my purchase orders.  There are a number of instances where discounts over and above wholesale pricing come into play.  I would love to plug those into a field on the PO instead of calculating them for each individual wholesale cost.

Official Comment

Hi Andrew & Randy, 

Thank you for your feedback. Right now you can assign suppliers to your products and vice versa. When you do this you are also able to save the unit cost and supplier SKU for each product and supplier association. This is explained in some more detail here: https://support.shippingeasy.com/hc/en-us/articles/213227343

If you were to assign a default wholesale cost to a product would you also want this to be assigned to a specific supplier for the product like it is today? Specifically if you later selected a specific supplier and product(s) on a purchase order would you expect the saved wholesale cost would be populated. 

If you have several suppliers for a product I would assume that the cost would vary from each, which is why we require the supplier and product assignment before a unit cost can be saved. Can you please provide some more information about how you would expect to be able to save the wholesale costs for each of your products. 

As for purchase order discounts would you expect this to be an additional field on the purchase order items table that would be applied per product? Or would you expect this to be added to purchase order totals like the Shipping & Handling is today? This would then reduce the overall value of the purchase order. 

Tessa Hadobas [Product Manager]

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I agree that PO discounts can be valuable.

If a buyer wishes to take a flat discount on the entire PO or add an additional discount that would be beneficial.

Examples:

A wholesaler offers 40% off the MSRP, the retail can be used in the individual cost field and 40% applied at the PO level.

A wholesaler provides a 2% cash discount if paid in 10 days.  An additional 2% could be taken from the PO.

Also consider multiple discounts.  40% off the order, then an addition 2% that is calculate after the 40%.  This is common in thee industry.

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This should be a box at the bottom that indicates an additional discount that applies to the total of the PO.  Then a second box for the second discount that applies to the new PO total after the first discount.

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Hi Randy, 

Thank you for your response. Just to confirm, are you saying that you would expect or need there to always be at least two separate discount fields added to the bottom totals section of the purchase order? 

Is it always the case that there will be multiple discounts applied to the one purchase order or will there sometimes only be one discount applied? I wonder if it would be more appropriate to add one discount field but include an option to "add another" when the first discount field was used.  

Tessa Hadobas [Product Manager]

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That would be appropriate.  Not everyone offers double discounts it happens to me about 2 times a week.

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Please Vote for Item / Product costs (wholesale) field. This is very important when placing orders with vendors. Furthermore, an import function would be another beneficial feature, so we don't have to go product by product to update - like the current unit cost field.

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Hi Paul,

Thank you for sharing your feedback as well. To clarify, were you wanting a bulk action/update that allowed you to assign a default wholesale cost to each of your products? Would this cost also be tied to a specific supplier for your products? Or were you wanting a default cost regardless of the suppliers associated with the product? 

Tessa Hadobas [Product Manager]

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Tessa,

Not sure that I saw your reply and questions within. Regarding bulk action/update to allow a default wholesale cost - Yes, for each product. If the bulk action can be done within each supplier, that would be beneficial in the event that we had multiple suppliers for individual products. Sorry for the delay - very busy.

 

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Hi Paul, 

Not a problem. The reason for this question is that today on an individual product basis you can assign a supplier and set the default supplier SKU and unit cost for that product/supplier relationship. We're looking into adding suppliers to our CSV import/export process which would allow you to assign supplier/s and their associated SKUs and unit costs to your products in bulk via a CSV. 

So, in your opinion would adding the existing unit cost field to our CSV upload process be sufficient for what you're looking to achieve here? Or, did you still want a separate field to track the wholesale cost per product?

Tessa Hadobas [Product Manager]

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UPDATE: ShippingEasy retired the Inventory Management subscription in June of 2020. Our Product Catalog stores a comprehensive list of the products you sell and allows you to add your product information to leverage product and SKU details to ship more efficiently. Learn more about our Product Catalog.

Existing Inventory Management subscribers will still have the ability to use the features specific to Inventory Management, however, we are no longer supporting new subscribers.

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