TOTAL DOLLAR VALVE OF INVENTORY
TOTAL DOLLAR VALVE OF INVENTORY
=sum(h/l)
into colum P
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NICK BISHOP commented
Clover needs a total inventory value option. Knowing how much product you have entered into the system and what everything is worth is very important.
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Sarunas Griganavicius commented
Total value of inventory could be a feature of the item report in reporting.
Based on current inventory levels, a merchant could receive inventory value at retail and inventory value at cost.
An additional benefit would be a historical representation showing how long it would take to generate a specific $ amount of sales based on historial sales. A retailer or convenience store could then have data available allowing a decision on further inventory purchases. EX: If a merchant wants to add a line of a certain product with a minimum inventory expenditure of $25,000, how long would it take the merchant to generate this free cash flow, or better yet, how long to generate this cash flow based on historical average margin %.