Understanding COGS & Hits for Managed Product in Comsense

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.

Calculating Ranks

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.

COGS Rank

*Note: All COGS ranks represent the last 12 months.

Table 1: COGS Ranking System
Rank Requirements
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
X No requisitions

Hits Rank

*Note: All hits ranks represent the last 12 months.

Table 2: Hits Ranking System
Rank Requirements
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
X No requisitions

Reviewing COGS & Hits Ranks

Accessing Managed Product Management

Enterprise > Inventory/Purchasing > Managed Product Management

Click image to enlarge
Enterprise Navigation menu; shows the location of Inventory/Purchasing and Managed Product Management.
Image 1: Enterprise Left-Hand Navigation Menu

When you access Managed Product Management the Select Divisions window will open. Using the Selection Tool, Select the applicable divisions and Click OK.

Click image to enlarge
Select Divisions window; shows one division selected and the location of the OK button.
Image 2: Select Divisions Window

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.

Click image to enlarge
Managed Product Management window; show the location of the # Months Active column.
Image 3: # Months Active Column
Click image to enlarge
Managed Product Management window; shows the location of the COGS Rank column and the Hits Rank column.
Image 4: COGS Rank Column & Hits Rank Column
Have more questions? Submit a request

Comments