[LSX] How to Update the Supply Price of Products In Lightspeed Retail X Series When They Have Changed in a Stock Order/Purchase Order

This article will walk you through creating and receiving a stock order in LSX for products where the supply price is different from the current supply price and having the new supply price match that of what was received.

In this example the current product that we will be using is a Playstation 5 with a current supply price of $250.00.

1. Log into your Lightspeed Retail X Series account.
2. In the left hand window pane, click "Inventory".

3. In the sub window pane under "Inventory", click "Stock Control".

4. In the main window pane, click "Orders".

5. In the main window pane, click "Order stock".

6. Start by entering the required fields of data in the section named "Order details", such as Supplier, Ordering for, and Deliver to.

7. You can then enter optional data if you choose such as Delivery data, Supplier invoice number, and Note.  Please note that the Order number will automatically be generated for you but you can change it to whatever you like but it must be unique.

8. In this example, we will click "Choose products" to either manually search, scan or use reorder points to add products to this purchase order.

9. We will then click in the search window and type the name of the product that we wish to search for.

10. We can then click the product that we wish to add to the stock order.  In this example, it is a Playstation 5.

11. At this point, we can change the Quantity and the Cost Price for the product to what will be purchased.  For this example, we will be ordering 5 at a Cost Price of $225.00 each.

12. Once we have added all of the products to the Stock Order, we can then click "Save".

13. You will be notified that the Stock Order/Purchase Order has been saved.

14. If you are ready to receive the Stock Order/Purchase Order now, click "Receive".

15. Scroll down to the product(s) that you are receiving and enter the quantities that are being received.

16. When you are ready to receive the Stock Order/Purchase Order, click "Receive".

17. To finish receiving the delivery, click "Receive delivery".

18. You will now be notified that the delivery for the Stock Order/Purchase Order was successfully received.

19. After receiving the products from the main Stock Order/Purchase Order windows, click "Edit prices".

20. At this point, you can select to use the Supply Price just entered by individual product or you can do the same for all products.

21. If you wish to do it on an individual product, click "Match cost price" underneath the product.

22. If you with to do it for all products received in the Stock Order/Purchase Order, click "Match cost price for all" under "Supply price".

23. You will now see that the Supply price of the product(s) now matches that of the Latest cost price accordingly as well as automatic changes to the Markup and Margin.

24. Once you are ready to save the changes to the Supply Price, click "Save prices".

25. You will then be informed that the Supply price has been updated for the product(s).

26. You can then verify that the Supplier Price has been updated by clicking the edit button for the product.

27. Scroll down until you get to the section named Supplier Information and you will now see that the Supplier price has been updated to match that of the Latest cost price in the Stock Order/Purchase Order.