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Purchase Costs

Understand the true cost of acquiring your goods

Accurately costed goods allow better insight into your margins and overall profitability.

Try it free for 14 days

Average Landed Cost

Apply purchase costs to your goods to get a clear and precise record of what your stock is costing you over time.

  • Add costs on purchases
    Purchasing stock often comes with extra costs such as duties, freight or labor. Apply all of these to your goods to ensure correct margins, giving you better insight into a product’s profitability.
  • Accurate Stock value
    Your average landed cost is the value of the product you have purchased, including purchases costs, and is updated automatically with each purchase. This gives you transparency on what your goods cost so you can set the right sell price.
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Margins matter

Working with an accurate and up-to-date average landed cost gives you the most precise margins possible for making business decisions.

  • Sell prices
    Set sell prices with the confidence that your margins are accurate and selling your goods will be profitable. No more guessing!
  • Cost visibility
    Use the Margin Enquiry to easily see the results of accurate purchase costs and margins. Get a clear insight into the cost of each product and the profit it has generated.

Straightforward accounting

Purchase costs are sent directly to your accounting software for reconciliation, saving you the hassle of double handling costing information.

  • Automated costs distribution
    Purchase costs for multiple items are automatically distributed by default, or you can choose to manually add them to one or more items. Guarantee your costs are as accurate as possible by applying them to the right products.
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Supplier returns

When goods need to be returned to a supplier, choose whether your purchase costs are refunded or written off. This information is sent to your accounting provider for reconciliation, making it easier than ever to manage your supplier returns.

Order Management FAQ

Contact us today if you have more questions about how Order Management can work for your business.

  • Can I auto-disassemble products with serial or batch numbers?

    No. During the disassembly, a serial or batch number must be assigned to all the component products, so these disassemblies must be done manually.

  • Can I have more than one Bill of Material per product?’

    Only one Bill of Material can be used per product to break it down into component products, however a component product can result from more than one disassembled finished good. For example a box of umbrellas can be disassembled into individual umbrellas, and a crate of umbrellas can also be disassembled into individual umbrellas.

  • Where do I turn on disassembly?

    Each product can be toggled as being ‘Can Auto-assemble’ and ‘Can Auto-Disassemble’ on a Bill of Materials. No separate Bill of Materials is needed. Manual disassemblies can be create under the Production menu.

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Download FREE Cloud Manufacturing Handbook

  • How to use cloud computing for better manufacturing
  • Optimize your Bill of Materials with cloud software
  • Manage change and avoid implementation failure, and more!

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