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Guides and tutorials to all things Thrive by Shopventory

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Low Inventory Report
See Products that are currently running low based on Alerts and Reorder Points… "Low" means a different thing for each business, this is why you get to define what "low" means for you… Reorder Points also define a threshold for "low" inventory
Alerts
Be notified when inventory runs low… products in two ways: On the Products page, using the 'Low inventory' Filter: Pull a Low Inventory… View All Low Inventory Products
Cost Not Set
Costs showing up as "Not set"? See the details… As a reminder, the default cost is the cost listed on the product edit page: The default cost can… Inventory costs are calculated using Lot costs
Average Costs
Activating and using the Average Cost function… inventory cost tracking, click below: Inventory Costs Cost Averaging enables you to track lot… cost averages over time This means the cost that is displayed on reports will be averaged out across
Inventory Costs
Manage Default Costs and Lot Costs… The lot cost is the cost-per-unit applied to a given lot… Default Cost
Updating Quantities, Costs, and Prices
Add and Edit the quantity, cost, and price in Thrive… Changing the cost will enter the incoming Lot at the new cost. It will not affect the Default Cost… Changing the cost, will update the Default Cost. It will not affect change any Lot Costs
Methods for Adding Products to a Purchase Order
Be mindful of the default cost you input because that will also be the cost that shows up on the PO… 3) Automatically add low products… Auto-Add Low Inventory Products — This will add products below reorder point or currently matching an
Thrive University || Course 3, Lesson 3 || Reporting Insights
maximize profits Performance evaluation Identify trends and preferences Optimize cost… Reports Inventory Report Inventory Change Report Sell-Through Report Low
Why Thrive Inventory?
we'll show you an overview of all your items: Sort by Name, location, quantity in stock, cost… one-by-one or in bulk Filter by a category, location, creation date, stock levels, or see all your low-inventory… On the Alerts tab, create customizable alerts to notify you immediately if any item is running low
Backfilling Historical Costs
Applying costs to reports that say "Not Set" to calculate historical profits… Thrive, you'll find the option to use the current default cost for all sales that don't have a cost… sales report shows many products that say "Not Set", that indicates these products did not have a lot cost