When purchasing inventory from suppliers, it is normal for the supplier to expect the purchase order in their own base currency. However the supplier’s currency may be different to that as used by Linnworks to maintain the stock value once the item has been delivered and booked in.
To able to do this there are a number of steps to go through to ensure this process returns consistent values. This guide acts as a walk through for all of the potential steps that are required. Our example, will be purchasing an item for US supplier with USD value and convert to our default value of GBP (at this time 1 USD is 0.59 GBP).
1. Set up supplier in the Suppliers Register
2. Add the supplier to the Inventory Item
3. Create a Purchase Order for the selected supplier
4. Configure the printed version of the PO using Template Designer
5. Configure the email version of the PO using Email Notifications
6. Deliver the Purchase Order
7. Check Stock Item History to confirm Stock Value
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Fig 6.1 |