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profit % in item card NAV 2017

  • 1.  profit % in item card NAV 2017

    Posted 5 days ago
    ​Hi,

    just wondering what drives profit % in item card.  the profit % for us is 10%. not sure how to change profit % as correct 10%.



    THanks,
    Sandy

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    Sandy Zhang
    Airborne Engines Ltd
    Delta BC
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  • 2.  RE: profit % in item card NAV 2017

    TOP CONTRIBUTOR
    Posted 5 days ago
    The profit is simply the prices that you charge on your invoices what you sell.  Cost is what the system calculates based on what has been entered on the parts and rolled up through the bill of materials. Profit is sales - cost.

    In your example
    Sales = 13400.75
    Cost =    7,246.56

    Profit ( Sales-Cost) is (13400.75-7246.56) =  $6154.19    Profit % is (6154.19/13400.75) = 45.92%

    Not certain  where your 10% is indicative of ? Are all cost properly accounted for on the BOM? is the pricing correct including all discounts?




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    Michael Carr
    VP , Finance
    Philadelphia Scientific LLC
    Montgomeryville PA
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  • 3.  RE: profit % in item card NAV 2017

    Posted 4 days ago
    ​Hi Michael,

    thanks for your information.

    currently in item card profit % is wrong, it should be 10%, how to change it?

    Thanks,
    Sandy

    ------------------------------
    Sandy Zhang
    Airborne Engines Ltd
    Delta BC
    ------------------------------



  • 4.  RE: profit % in item card NAV 2017

    TOP CONTRIBUTOR
    Posted 4 days ago
    @Sandy Zhang,

    You can change Price/Profit Calculation to "Price = Cost + Profit" to set the Profit % on the card.  In this example, "Price = Cost + Profit" uses my cost of .90, my Profit % of 10, to calculate my price to $1.00. ("No Relationship" is also an option.)

    Is this what you are asking for?

    Profit




    ------------------------------
    Cynthia Priebe MCP, DCP
    Senior Analyst and Project Manager
    Liberty Grove Software

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