Price & Inventory Insights

Overview: The Price & Inventory Insights app is designed to provide comprehensive pricing and inventory information for customer items. This app ensures that users have access to accurate and up-to-date data, facilitating better decision-making and efficient inventory management.

Key Features:

Customer Price Display:

• View customer-specific pricing exactly as it appears on sales orders and quotes.
• View the last invoice price, date, invoice number, margin, and markup for each customer and item combination.
• Ensure transparency and consistency in pricing information across all customer interactions.

Pricing and Cost Simulation:

• Simulate pricing by adjusting the desired margin or markup.
• Save the newly calculated price to the customer pricing table with a single click.

Save your Price:

· After arriving at the designed price, you can hit the “Save Simulated Price” action and the price will be saved within the related pricing tables note that this feature only works with the new BC pricing feature.

Add to Cart:

· price your items and add to the Cart (a prompt will ask you for a quantity), after adding all the items to the cart you can create a sales quote or an order by clicking the related Action.

Months of Stock:

• Calculate and display the number of months of stock available based on current inventory levels and average monthly sales.
• Help users plan and manage inventory more effectively by understanding stock longevity.

Net Available Inventory:

• Provide real-time data on net available inventory at selected locations.
• Allow users to check inventory levels across different warehouses or stores, ensuring they can meet customer demands promptly.

Sales Data:

• Calculate the months of stock based on an adjustable period.
• View average sales per month and total sales for the period.

Benefits:

• Enhanced Decision-Making:
• Access to precise pricing and inventory data helps users make informed decisions regarding sales and inventory management.
• Users can quickly adjust pricing strategies based on real-time data, optimizing profit margins and competitive positioning.
• Improved Customer Satisfaction:
• Consistent and transparent pricing information builds trust with customers, leading to stronger customer relationships and loyalty.
• Quick access to accurate data allows customer service agents to respond promptly to inquiries, enhancing the overall customer experience.
• Efficient Inventory Management:
• Understanding stock levels and availability helps prevent stockouts and overstock situations, reducing carrying costs and improving cash flow.
• The ability to view inventory across multiple locations enables better distribution and allocation of stock, ensuring products are available where they are needed most.
• Increased Sales Efficiency:
• Sales teams can provide accurate quotes and fulfill orders more efficiently, leading to faster sales cycles and increased revenue.
• The app's simulation feature allows for quick adjustments to pricing, helping sales teams stay competitive in dynamic market conditions.
• Strategic Insights:
• Business owners and managers can gain valuable insights into sales trends, inventory turnover, and customer purchasing behavior, supporting strategic planning and decision-making.
• Detailed sales data and inventory metrics enable more accurate forecasting and demand planning, reducing the risk of overproduction or stock shortages.

Use Cases:

• Sales teams can quickly check customer-specific prices, margins, Sales trends and inventory levels to provide accurate quotes and fulfill orders efficiently.
• Inventory managers can monitor stock levels and plan replenishments based on the months of stock data.
• Business owners can gain insights into inventory distribution across multiple locations, optimizing stock allocation.
• Customer service agents can provide quick information to customer inquiries and quote them efficiently, using all the data provided on the page