❓

How do I surface Product Costs/COGS within my dashboard?

Incorporating Product Cost and Cost of Goods Sold (COGS)

Background

Product cost is a main component to derive your Cost of Goods Sold (COGS). Product cost is reported on the variant level which allows us to report on the customer, order, and product (line-item) levels of analysis.

We recommend inserting landed product cost which represents the blended cost of your product after customers and inbound shipping to your warehouse. This will allow you to understand product gross margins.

Steps

  1. Input your product costs within Shopify Product’s section
    1. Select a specific product
    2. Click on the desired variant
    3. Enter the Cost per item
image
  1. Please let the Source Medium team know that you’ve inputted the costs and we’ll enable costs to be picked up automatically moving forward

Additional Information

‣
What other components are part of COGS? Is Source Medium planning to address these components?
‣
How should I handle changes in my Product Cost over time?
‣
Will I see any numbers change immediately in my dashboard?
‣
Is there a way to input product costs that are not in Shopify?
‣
Where does Product Cost show up in my dashboard?
‣
How can I incorporate Product Cost from platforms outside of Shopify?