Each stock item in Loaded has two price fields:
Forecast Price: This is the expected cost of a stock item, allowing you to forecast your COGS when an invoice or purchase order hasn’t been received for this item. This can be manually updated.
Live Price: This is determined by the price of the Stock Item Variant from the most recent invoice or purchase order received. It can not be manually updated.
What are the differences between Forecast Price & Live Price?
| Forecast Price | Live Price |
Can I edit it? | Yes it’s editable | No it’s not editable |
How is it calculated? | Based on the price you manually enter for this stock item. | Based on the latest price of the stock item variant received via AI Invoice Processing or Purchase Order |
History | There is only ever one Forecast Price for a stock item. There is no price history for Forecast pricing. | Loaded will use the latest invoice or purchase order based on the end date of the reporting period, so you can review actual pricing at any point in time. |
Where will I see and use Live Price and Forecast Price?
Stock Items: Stock > Manage > Stock Items
On the Stock Items Overview page: view the Forecast Price and Live Price for each stock item
On the pop up when you open a stock item: enter the Forecast Price and view the Live Price:
Stock Item Sharing
On the Manage Stock Item modal for a shared stock item
Recipes: Stock > Manage > Recipes
Use a toggle to select if you want to view the recipe based on Forecast prices or Live prices.
Menus: Stock > Manage > Menus (New)
Use a toggle to select if you want to view the menu based on Forecast prices or Live prices.
COGs: Reports > Cost of Goods > Overview & Products
Use a toggle to select if you want to view the COGs report based on Forecast prices or Live prices.
