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Companies with a wide range of products and services may have different departments or different product managers to perform market research and procurement of stocks belong to certain categories.
1. Sales and Gross Margin Analysis
To view relevant sales reports click INVENTORY -> STOCK REPORTS and MANAGER -> SALES RELATED REPORTS
2. Cost and Selling Price Updates
3. Stock Distribution
For franchises and chain store, product manager should ensure that the stocks under their care are well distributed across different locations. To have the bird's eye view of the stock across different locations, click INVENTORY -> INVENTORY SEARCH (ADVANCED)
4. Monitor Account Payable
5. Stock Purchase Report
6. Supplier Product Inquiry
7. Purchase Order to Suppliers
8. Return Merchandise Authorization
Product Managers should look at the RMA Reports regularly to better understand the reliability of different products and brands. Also, by looking at the service level of the suppliers in replacing defective goods, new product prices and payments could be controlled to ensure the suppliers consistently provide good level of service.