The Financial Work Mode breaks down every financial component of your inventory, enabling you to maximize profitability, minimize costs, and understand your business performance on a granular level. This clarity is essential for strategic decision-making, especially when optimizing pricing, inventory, or replenishment strategies.
- Organizational Overview: Start by viewing key identifiers such as SKU, ASIN, tags, and titles to easily organize and manage your products.
Totals Section:
- Units: Displays the total number of units in stock. Click the number for a detailed breakdown by warehouse or sales channel.
- Potential Gross Sales: Estimates revenue from selling all current units, calculated by multiplying the sales price by units in stock. You can also drill down by warehouse or sales channel.
- Cost of Goods Sold (COGS): Breaks down the cost per product, including the order price and any additional manufacturing costs. Expanding this section shows COGS by sales channel.
- Operational Costs: Represents all costs related to selling and storing products, including sales and storage fees. Click to see how these costs multiply by the units in stock.
- Total Potential Profit: Indicates your potential profitability calculated as (Sales Price – COGS per unit) multiplied by units in stock.
Manufacturing Costs:
- Below the totals, find details on manufacturing costs, including order price and landed costs (shipping, duties, etc.). Adjust costs as needed through the Setup Costs option.
Breakdown by Warehouse:
- Access a detailed breakdown of financial metrics by warehouse, including inbound orders and transfers. Click on respective cells for more detailed insights.
Financials by Sales Channel:
- View financial details broken down by sales channel, such as Amazon USA. This includes a per unit breakdown of sales price, COGS, fees, storage costs, and potential profit. Expand to see a detailed fee breakdown and how potential profit is calculated based on inventory levels.
Replenishment Metrics:
- The financial workmode also provides insights into suggested replenishment quantities and their financial implications. Key metrics include:
- Sales Value: The potential revenue from suggested replenishments.
- Manufacturing Cost to Replenish: Total cost of replenishing inventory.
- Replenishment Quantity Potential Profit: Forecasts potential profit based on suggested replenishments, considering gross sales, COGS, and operational costs.
In summary, the Financial work mode offers total visibility into your inventory’s financial performance. By understanding gross sales potential, COGS, and operational expenses, you can make smarter replenishment decisions and ultimately boost profitability. Start leveraging these insights today for optimized business operations!
