A big reason why people use Raminian is for it’s insights into products.
Learn about your products
- performance
- stock
- cost and selling history
Make informed decisions in your business to beat your competitors!
Cost Price History #
From Reports > Reports > Cost Price Change History
Below you can see a trailing history for a product called GI ELBOW 1/2″
Explanation:
- Report is shown in a ZIZ-ZAG pattern indicated by the arrows
- (Green Box) is the NEWEST date & cost at 19.14
- (Blue Box) On 11/May it was 38.80 (therefore a drop of 81%)
- The first arrow goes to the same date; 11/May, where the price is still 34.80 and prior to that, the price is 23.20 on 28/Apr
- Note that the 3rd row’s “Newer Date” now changes to 12/Sep/19, which means that there was no change in the products cost between 12/Sep/2019 and 28/Apr/2020
Stock Card or Product History #
From Reports > Transction History > Select the Products tab
Transaction History – Products
Product Performance #
(From Reports > Transction History > Select the Products tab > Search for a product > Click the lightning icon)
Use Product Performance gives you the distribution percentage between your customers, here you can see that 50% of an item is only bought by a single customer, and 92% of this product is bought by the first two customers.
ACTION POINT: Advertise this product to more customers
Product Performance
Profit by Product #
From Reports > Reports > Profit by Product
*Icons, Data Bars, Color Scales can be added by right clicking a column and selecting Conditional Formatting
Calculation of Profit / Margin / Markup #
| Selling Price | |
| Cost Price | Gross Profit |
Markup % = (Gross Profit / Cost Price) * 100
Margin % = (Gross Profit / Selling Price) * 100
Example: Product with a cost of 1,500/-
- Add MARKUP of 33.33% will result in a profit of 500/-, resulting in a selling price of 2,000/-
- Add a MARGIN of 25%, will give you the same profit of 500/-, and a sell price of 2,000/-
