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| Pricing |
Pricing
InvenTree provides multi-currency pricing support via the django-money library.
Cost - The theoretical amount of money required to pay for something.
Price - The actual amount of money paid.
| Price | Description | Linked to |
|---|---|---|
| Supplier Cost | How much it costs to theoretically purchase a part from a given supplier | Supplier |
| Purchase Price | Historical pricing information for parts actually purchased | Stock Item |
| Internal Cost | How much a part costs to make | Part |
| BOM Cost | Total cost for an assembly (total cost of component items) | Part |
| Sale Cost | How much a salable item is sold for (with cost-breaks) | Part |
| Sale Price | How much an item was actually sold for | Sales Order |
Pricing Tab
The pricing tab of a part provides all avalable pricing information for that part. It shows all price ranges and provides tools to calculate them.
price ranges
As parts can have price ranges[#] it is important to set the correct amount in the first panel to get an accurate price.
currencies
All money-values are adjusted to the default currency at the current exchange rates (see [#] for more information). This can squew historical data but is necessary to easaly compare values.
Supplier cost / prices
Shows how much it would cost to purchase the part right now from a supplier/manufacturer (can have price ranges[#]).
Also provides a graph of historical prices collected from stock in the tab Purchase Price.
Internal cost / prices
Parts can optionally have a internal cost (this needs to be enabled by a admin) that is used for internal sales. This value is used for BOM calculations (if the part is an assambly the internal cost has to contain the cost for all sub-parts). Price ranges[#] are supported.
BOM Cost
If a part is an assembly this panel will show the cost (possibly as range) for all sub-parts and a graph how much each part contirbutes to the total cost.
Sale cost / prices
Sale prices are always to customers (through sale orders[#]) and support price ranges[#].
The panel also shows historical sale price information collected from past purchase orders.
Considerations for pricing
Pricing in InvenTree supports various degrees of complexity. The following use cases provide an insight into possible ways to use the available tools.
Currency Conversion
Automatic updating of currency conversion rates can be provided via the exchangerate.host API.
Currency exchange rates are updated once per day.
The rates can also be set manually in the settings. Be aware that most companies trade with hourly or daily rates – setting a static rate can lead to big differences to the real world.