This webinar focuses on understanding cost in Counterpoint. It explains how to track and manage expenses effectively. The presenters define cost in retail and wholesale. This includes the vendor price and added fees. Shipping, duties, and handling are part of the cost. Counterpoint can dynamically track inventory costs. This works even with multiple vendors. It uses the average cost method for accounting. Cost tracking by location is also possible.
Understanding cost in Counterpoint is vital for profitability. It helps with product assortment decisions. Pricing strategies are also informed by cost. Supply chain optimization relies on this data. The webinar details different cost types. These include last cost and average cost. Standard cost and serialized cost are also discussed. The system shows cost information in several places. The Items window and Inventory screen are examples. The Item Zoom feature helps view vendor costs. Cost thresholds alert users to unusual changes. This happens during the receiving process. Several reports offer cost insights. The Merchandise Analysis Report is one example. The Inventory History Report is also useful for understanding cost in Counterpoint. A Q&A session addresses user questions.
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