How do I add new costs when my products when my costs change?
First, congrats on ordering a fresh batch of inventory!
Second, the best way to add your Cost of Goods for this new stock is to use the inventory module in Fetcher to estimate when your current batch of inventory will be out of stock. Then, the new COGs should be assigned to start when the current inventory runs out of stock.
Here's an example of how that should work...
Let’s say that Jungle Snugs has 100 units in stock, and the COGs for this batch of inventory was $5.45/unit. This is what the Cost of Goods per Unit line should look like for the current batch of inventory, in order for the $5.45 per unit to be calculated correctly:
But, when it comes to the new stock of Jungle Snugs - 1000 units already stored in Amazon - the new stock has a new Cost of Goods of $4.00/unit.
This is where it can get tricky (but not really)...what date should Jungle Snugs use in Fetcher, as the start date of the new $4/unit COGs?
Well, if Jungle Snugs is currently selling 10 units per day, then the current stock of 100 units will run out in 10 days; 100 units currently in stock divided by 10 units sold/day = 10 days worth of stock available. And, assuming the date is August 1st, that means the current 100 units of inventory will run out on August 10th.
So, Jungle Snugs' new $4/unit COGs for the 1000 units of new inventory should start on August 11th, the day AFTER the current stock runs out.
This is what the Cost of Goods per Unit line should look like for the new batch of inventory, in order for the $4 per unit to be calculated correctly:
If you have any questions about this process, or you run into problems when you try to set this up for yourself, please email us at email@example.com. :)