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Managing Stocktaking Costs

Managing your stocktaking costs efficiently is crucial for keeping your business operations smooth and profitable. In this blog post, we'll explore how to work with the Stocktaking Cost tab in your website's admin area to generate informative reports to optimize your inventory management.

Step 1: Accessing the Admin Area Start by logging into your website's admin area. This is where you'll gain insights into your stocktaking costs.

Step 2: Navigating to Stocktaking Cost Once logged in, head to the "Reports" section and click on the "Stocktaking Cost" tab.

Step 3: Generating Stocktaking Cost Reports The Stocktaking Cost tab provides tools to generate detailed reports in a tabular format. These reports offer valuable insights into your inventory expenses.

Step 4: Utilizing Filters When searching for data to create a report, you can use filters to refine your results. The available filters include "Status" and "Sales Channels." This allows you to focus on specific segments of your inventory.

Step 5: Customizing Columns To make your report as informative as possible, you can choose additional columns to display in the table alongside the default ones. This customization ensures that you have all the relevant data at your fingertips.

Step 6: Grouping Data The report data can be grouped by "Categories" and/or "Products," providing a structured view of your inventory costs.

Step 7: Automatic Calculations The Stocktaking Cost tab automatically calculates and displays key metrics above the report table:

  • Total Quantity: The sum of all items in stock.
  • Total Purchase Price: The total cost of all items based on their purchase price.
  • Total Sale Price: The total potential revenue based on the sale price of items.
                   

Step 8: Exporting Reports If necessary, you can export the Stocktaking Cost Report to a CSV file with just one click. This allows you to save and analyze the data in external tools or share it with your team.

 

By following these steps, you'll gain better control over your stocktaking costs, helping you make informed decisions and optimize your inventory management for improved profitability. Thanks for reading, and stay tuned for more valuable insights!

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