Release Notes - Version 22.08.01

Overview:

Release 22.08.01 went live on August 29, 2022. The primary content for this new release is the ability to enter and report variances between a vendor's contract pricing for inventory items and your receiving cost from invoices from that vendor for the contract price items. This release also includes a new option to export orders from COGS-Well to the PFG (Performance Food Group) order entry system.    

Vendor Contract Pricing:

If you have negotiated contract pricing for inventory items with a vendor, and if you want to track and report variances between the contracted price for inventory items and what you are charged for those items, then you can do this in COGS-Well using a contract price entry feature and a contract price variance report. 

Vendor Order Guide Prices: The Vendor Order Guide Prices feature includes an option to flag vendor prices as "Contract Prices". Please click this link for detailed information on the new Vendor Order Guide Prices feature.

Contract Pricing Variance Report: The Contract Pricing Variance Report will compare a vendor's contract pricing for items to their actual received cost from invoices and calculate any variances. This report can be run for a selected date range and a selected vendor (or all vendors). This report can filter the variance reporting for a user-selected threshold percentage. Please click this link for detailed information on the new Contract Pricing Variance Report (an example of the report is shown below).