September 2016

Free Cost-Per-Unit Calculator

screen-shot-2016-09-07-at-12-56-22-pmUnderstanding Cost-Per-Unit

To fully understand your profitability, you need to know exactly how much each unit costs you to produce.

The value of your inventory, as recorded in your accounting, is based on the total amount it costs you to get units produced, packaged, and shipped to your warehouse.

When you sell on Amazon, you also want to know the cost (per unit) to not only get it to you, but to actually land it in Amazon’s warehouses.

(If you ship directly to Amazon, these two numbers will be the same.)

This is Cost-Per-Unit, also known as COGS (Cost of Goods Sold), and is what you enter into AmDash for each product in order to see extremely accurate profit estimates.

Easy (Free) Calculator

To make it easier to compute these values, we put together a simple calculator. Just put in a few values, and we’ll do the calculations and show you your exact CPU, both with and without re-shipping included.

The calculator is available for free on our website here.

 

Please share this free calculator with others! 

Introducing the new Inventory Master View

Now live: an even better way to manage your supply chain

If you log into AmDash, you’ll now notice a new Inventory link in the top-left dropdown menu.

Here’s a sneak peek:

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What’s This For?

While the weekly Inventory Summary email is useful, we wanted to make it even easier to answer the question “what do I need to take care of?” when it comes to managing inventory.

So the new Inventory Master crunches the numbers for you and tells you exactly what actions you need to take within the next 30 days.

If you have a product which needs to be reordered soon (based on your sales velocity and the lead time you specified), we’ll show you those items in the left-hand card at the top of the page.

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The “send to Amazon” card shows you items which should be mailed to Amazon soon, if you have some on hand. (If you don’t have any on-hand, it will show up on the “reorder soon” card.)

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If you see “nothing to do” in both of these cards, you are all set for the next 30 days!

Inventory Value

We also show the total inventory value for each product (and the total, at the top right).

This helps you see where you might have cash tied up in slow-moving inventory which should be liquidated.

But more importantly, you can use this number at the end of each month to easily grab your total Cost of Goods Sold, to keep your accounting up to date. (Your CPA will thank you for this!)

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Quick Tips

1. Note that you can click on the + sign or the number of units in the “on hand” and “on order” columns to quickly update those numbers.

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2. Another way to get to the Inventory Master page from the Dashboard is to click on the blue “inventory” header area on the product rundown table (pictured below).

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What do you think?

We love feedback.

What do you like about the new Inventory Master page? What would make it even better?