Revaluation of goods in Torgsoft

Revaluation of goods allows you to dynamically adjust the selling price: markdown or markup. Entrepreneurs should revalue goods regularly to avoid operating at a loss.

But how do you know when a revaluation of a product is required?

Reasons for revaluation of goods

• Currency fluctuations. Revaluation of goods is relevant for those businesses that are tightly tied to purchase prices in foreign currency.
• Changes in legislation: tax changes, VAT rates and other government surprises.
• Changes in demand. Seasonal goods, goods for holidays, promotional goods require price revision to attract customers' attention.
• Sale of a collection or expiration date. Revaluation in Torgsoft will allow you to massively reduce the price of certain types of goods, to make sure that the price is not lower than the cost price.
• Inventory of goods. In the process of reassessment, a business owner can find items that he wants to remove from the assortment. This can be done, among other things, through revaluation.
• Revaluation of goods. If the value of a group of goods is rapidly increasing in the market (as, for example, happened in April-May with exercise equipment), then such goods should be revalued.

How often to reassess

• For non-food stores, a change in seasonal goods, lower prices from competitors, or a decrease in customer activity may be a reason to reassess.
• Grocery stores and supermarkets should reassess regularly to avoid product spoilage due to expiration.

Manual revaluation

Manual reassessment is very time-consuming: you have to look at supplier invoices, search for records of remaining quantities of goods in notebooks, and make decisions without having a structure in mind: a catalog of goods, availability, retail and purchase prices, markups, and promotional offers.

Torgsoft allows you to revalue in a few clicks

• Change the selling prices of goods in the warehouse.
• Work with an equivalent price.
• Link the price of goods to the dollar and change it according to exchange rate fluctuations.
• Automatically recalculate the price equivalent depending on the exchange rate.
• Recalculate selling prices at a markup.
• Maintain and print the revaluation report.
• Revalue goods directly in the revaluation act.
• Control price changes.
• Change the price not only on the product card, but also on the price tag.
• Make a note that the item has been revalued.