In ShopLinkr, you can add a purchase price to each product. This provides you with direct insight into the value of your inventory, both per product and per warehouse location.
Add a purchase price to a product
You can easily add a purchase price via the product screen:
Go to the product overview
Open the product you want to edit
Edit the purchase price.
The purchase price is the price you pay to your supplier (excluding VAT). The purchase price applies to the inventory you add from that moment. The inventory already in ShopLinkr retains the old purchase prices that were applicable at that time. Do you want to overwrite the purchase price? Once you adjust the purchase price, an option appears to overwrite the purchase price on your current inventory.
Inventory value per product
Once a purchase price is entered, ShopLinkr automatically calculates the value of the inventory of that product.
The formula is simple:
Inventory value = Inventory × Purchase price
You can see this directly next to the product.
Inventory value per location
Do you work with multiple warehouse locations? Then you also see the inventory value of a product per location. This way, you know exactly:
Where your inventory is located
What the value is of that inventory per location
How your inventory is distributed across your warehouse(s)
This helps you make better decisions about restocking, relocations, and valuation.
