How to: Use COGS and Hits rank columns in the Managed Product Management window.
Environment: Comsense Enterprise
In this article:
Defining COGS & Hits Ranks
COGS: Cost of goods sold.
COGS Rank: The trend of COGS over 12 months.
Hits: The number of times a product is requisitioned in a specific period of time. Comsense allocates one hit per stock requisition rather than one hit for every item requisitioned.
Hits Rank: Trend of hits over 12 months.
You can find COGS and Hits data in the Managed Product Management window.
Comsense ranks products using COGS and hits over the last 12 months. Products rank relative to all other requisitioned products. Both COGS and hits rank using A, B, C, D, X, with A as the highest rank and X as the lowest.
*Note: All COGS ranks represent the last 12 months.
|A||In the top 80% of requisitioned costs|
|B||In the next 15% of requisitioned costs|
|C||In the next 4% of requisitioned costs|
|D||In the final 1% of requisitioned costs|
*Note: All hits ranks represent the last 12 months.
|A||In the top 80% of total requisitions|
|B||In the next 15% of total requisitions|
|C||In the next 4% of total requisitions|
|D||In the final 1% of total requisitions|
Reviewing COGS & Hits Ranks
Accessing Managed Product Management
Enterprise > Inventory/Purchasing > Managed Product Management
When you access Managed Product Management the Select Divisions window will open. Using the Selection Tool, Select the applicable divisions and Click OK.
Reviewing the COGS & Hits Rank Columns
COGS and Hits ranks are the trends over 12 months. For your buying decisions, only analyze product data with 6-12 active months. Data with less than 6 active months is not a complete enough representation of trends to base your buying decisions on.
Review the # Months Active column before reviewing the COGS & Hits Rank columns to get a better understanding of the rank.