Settings and activity
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13 votes
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Sarunas Griganavicius
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10 votesSarunas Griganavicius
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An error occurred while saving the comment Sarunas Griganavicius
commented
This is especially useful for convenience stores or stores that receive inventory from suppliers. If a supplier raises the prices across the board by 5%, for example, it would be very nice to update the cost and/or the selling price by a percentage across the supplier items. Most merchants think this has to be done item by item.
Currently, when setting up such a merchant, I make sure that inventory is labeled by supplier, I export the inventory, use a formula for the cost and another formula for the price for all items that are affected by a supplier price change on the spreadsheet, and then import the spread sheet back into Clover inventory.
When setting up similar merchants initially, I always ask if they have this supplier price increase possibility to make sure that the supplier can be labeled initially. Saves a lot of work later. -
17 votes
An error occurred while saving the comment 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 %.Sarunas Griganavicius
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7 votes
An error occurred while saving the comment Sarunas Griganavicius
commented
I think there is a difference between just ordering alcohol and ordering alcohol from a food establishment It is also legal to order alcohol in California IF the alcohol is ordered in addition to food on the order. This is also stated on the merchants' web sites and menus. I think the legal issue arises if an online order is prepaid. It would be helpful to allow ordering alcohol online with food and to receive guidance on where the payment and age verification should occur.
Sarunas Griganavicius
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4 votes
An error occurred while saving the comment Sarunas Griganavicius
commented
i have had merchants ask for this feature as well. Not all merchants want to send orders to a salad or entree or dessert location. Some merchants, especially those who use 3rd party delivery services enter their 3rd party orders on Clover POS to print the orders in the kitchen. They want the orders printed by order type and have the various order types fulfilled in different areas. A dine in order will not be boxed, it will be on a plate. A delivery order will require separate packaging. Therefore, a separate station for order fulfillment.
Sarunas Griganavicius
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It would be helpful to have an average cost of goods sold. Inventory has an initial COGS when entered. As inventory is added, the remaining inventory in Clover, added to the new inventory, can be calculated at the average cost of the old inventory x the number of units plus the new inventory x the number of units/ total number of units for sale combining old and new inventory for margin considerations. And if done in this manner, the historical inventory margins should not be affected--the margin should be calculated on the average cost of inventory remaining.