Adding unit costs to products in Genie helps you track the cost of each item, making it easier to price, budget, and understand your profits. It gives you a clear picture of expenses, so you can set prices that cover costs and improve profits. This feature also makes applying costs to new orders super easy and efficient.
In this guide we will walk you through how to add Genie unit costs to a product so you can more effectively create new orders in Genie. This process is super easy and can be broken down into 2 separate parts:
Creating a Supplier
Adding the Unit Costs
Keep in mind that Genie and Shopify unit costs do not automatically update if your supplier makes any changes. They will need to be manually updated to reflect the change. For more on how to update Shopify unit costs, you can check out this article here.
Creating a Supplier
First, before we can add/update any unit costs we have to ensure the product(s) in question have a Supplier to Product relationship. Which simply means that the product has a supplier associated with it.
There are a couple of ways to tackle this.
Option 1 Creating a Supplier from the Suppliers Tab
This first option is a great choice if you are planning on adding additional context around the supplier at that moment. Going about it this way will ensure that the product also has the right amount of information to ensure your insights are accurate.
But sometimes you don’t have the time to enter all of the data right then and there. That is where option 2 comes in handy.
Option 2 Creating a Supplier on the Fly
From within the product profile under “Suppliers,” you can set a supplier from the settings tab. This option will allow you to choose from a list of suppliers that already exist. However, if you type in a name that doesn’t exist you have the ability to create a bare minimum supplier that you can attach to the product.
The listing for this supplier will be stored in the supplier tab for you to edit and update later on. But in the meantime, this new supplier will be added allowing you to update the unit costs.
Adding Unit Costs to Products
Now that you have a supplier attached to the products you want to update, you can continue with adding the unit costs.
Step 1: Select the product you want to update.
Any time you see the name of a product you are able to open a detailed view of that product. Clicking on the name will produce a side-peak view of additional details. This is where you want to be.
Step 2: Navigate the “Supplier” tab on the profile.
This tab is the same one you used to create/add the supplier to the product. It is also where you will add the unit costs.
Step 3: Scroll to the bottom of the page.
Once the supplier has been added, scroll to the bottom of the Supplier tab and you will see a section for “Variant Supplier Relationships.” In the Unit price field, enter the cost of the product as provided by your supplier.
Step 4: Ensure to Save when you are done.
Once you have saved your progress you are done. You’ve successfully added unit costs to your products. This means that the next time you create a PO you will see the unit costs automatically fill in so long as the PO has the same supplier as the product(s) in question.
By following this guide you will learn how to add unit costs to your products to streamline your PO creation process and save yourself time manually adding costs.
Otherwise, that’s all we got here. If you have any questions or need further assistance feel free to reach out to us over chat or email at Aladdin@getgenie.io.