Procurement/net price for products

[KS_Joakim]

Hello!

I work for a norwegian sport optics retailer. Most of our profits now come from our Magento-based online store. We're in the process of making the Magento backend our primary tool for stock management, pricing and order processing (i.e. billing). 

Currently we have the option to give individual products both normal retail price and discounts, but we lack the option to set procurement price - a feature that I feel is a pretty basic tool for any retailer. Are there any extensions available that could help us with this? =)

Thanks in advance.

Joakim @ KikkertSpesialisten AS

[Tom Robertshaw]

I think the real question is what do you need to be done with this price. You can add a new product attribute of type price where you can store the data but it won't be incorporated into any of Magento's built in reporting. 

You could look into importing the data and then using the Magento Business Intelligence platform at the essentials level to do some analysis https://magento.com/products/business-intelligence

[stefhengim5e4b]

Hello Magento Community,

Actually, It sounds like you're in a crucial phase of optimizing your Magento backend for comprehensive retail management. The ability to set procurement prices is indeed a fundamental feature that can significantly enhance your inventory and pricing strategies. There are several Magento extensions available that cater specifically to this need.

Additionally, for those in the sport optics industry, the Sportzfy live live platform could provide valuable insights and tools to further streamline your processes and enhance your overall retail strategy. Make sure to check it out for potential synergies with your current setup.

Thanks & Amazing Artwork!!