Advance Pricelist Based On Recent Purchase Cost

The SME Advance Pricelist Based on Recent Purchase Cost module introduces a smarter way to manage product pricing by leveraging the most recent purchase cost for calculations. It enhances accuracy in pricing strategies and ensures businesses stay aligned with real-time procurement costs.

Key Benefits:

1. Latest Cost Integration: Calculates Discount, Margin, Extra Fee, and Rounding Method based on the most recent purchase cost from a product's purchase history.
2. Dynamic Visibility:
   1. For products without variants, the Latest Cost appears on the Product Template.
   2. For products with multiple variants, the Latest Cost appears exclusively at the Product Variant Level.
3. Read-Only Fields:The Latest Cost fields are displayed as read-only in both form view and list view to ensure data integrity.
4. Accurate Cost Tracking: Pulls the most recent purchase cost from purchase entries made in the last 365 days, ensuring real-time cost accuracy.

Example Use Case:

A procurement manager purchases a product variant at $50, $55, and $60 within the last 365 days. The system automatically uses the most recent price ($60) to calculate the pricelist settings such as discounts and margins, ensuring updated and precise pricing.

Conclusion:

The SME Advance Pricelist Based on Recent Purchase Cost module brings enhanced transparency and accuracy to pricelist calculations by leveraging real-time procurement costs. This feature empowers businesses to make informed pricing decisions and maintain profitability across their product offerings.