Accurately tracking the cost of your inventory is crucial for efficient inventory management on Traece™. By keeping a close eye on the cost of your items, you can monitor your profits and make informed decisions regarding pricing and purchasing. With Traece™, you can manage your inventory like a pro and gain a strategic advantage.
Required User Level(s): Admin, Manager, Operator
Tracking the Cost of a Material
For the purposes of this document, we are going to focus on the Slabs portion of Traece™.
Note: Tracking cost functions identically between the various Slabs, Packs, and Logs.
From your left-hand navigation in Traece™, click on Slabs
From the Slabs page, click on Add Slab
Please ensure that all fields for the material are filled out completely (if applicable)
Scroll down to Pricing, and you will see the field Slab Cost (per bf)
Enter the cost of the item
Note: Item cost is calculated per board foot.
The Total Cost field on Traece™ will be automatically calculated once you enter the cost of the item.
Note: The Total Cost on Traece™ is calculated using the Doyle method, which requires inputting the necessary parameters. If the Doyle parameters are not entered, the Total Cost field will display zero even if an item cost value is entered, as the calculation cannot be made without the required parameters.
Note 2: The User cannot edit the Total Cost field.
Click Save or Save and Duplicate
Note: When editing an item on Traece™, you have the option to add or edit its cost tracking.
How can I view the cost of material on Traece™?
Once the material cost has been added to an item on Traece™, you can easily view its cost without entering the edit view.
To view a specific item on the Slabs page, click on it
You can find the cost of the item by scrolling down to the Pricing section. The cost will be displayed there.
