How To Manage and Update Product Costs?

The Product Cost module allows you to assign, update, and manage cost values for your products.

Cost data is used to calculate profitability, so keeping it accurate is essential for reliable analysis.

Step 1: Open the cost management module

You can access cost management in two ways:

If accessed from Catalog, selected products will already be pre-loaded.

Step 2: Select products to update

Inside the cost module, you can:

You can work with:

Step 3: Choose cost update method

You can update cost values in different ways:

This flexibility allows you to manage both small and large catalogs efficiently.

Step 4: Enter or update cost values

For each product, define the cost value.

Cost represents:

Make sure values are accurate, as they directly affect profitability metrics.

Step 5: Apply bulk updates

For multiple products, you can:

This is useful when working with large product groups.

Step 6: Save changes

After entering cost values, save your changes.

Once saved:

Step 7: Verify updated cost data

Return to the Catalog or review within the cost module to confirm that:

Pro Tip

Start by filtering products missing cost, then update them in bulk to quickly improve the accuracy of your profitability analysis.