00:00: We're excited to introduce powerful new updates to your Budvue dashboard that
00:04: give you clearer visibility into your inventory and help you make faster,
00:08: smarter decisions. These features are designed to help to filter
00:12: your products and then tag them for promotion.
00:15: Begin by accessing the "Products" section to view your inventory, an essential
00:19: step in managing your offerings efficiently.
00:22: The new sales velocity column provides a more accurate view of an items average
00:27: daily sales, unlike traditional POS reports which assume the item was
00:31: in stock for the entire period. Bloodview calculates sales velocity by dividing
00:35: units sold over the past 60 days by the number of days.
00:38: The item was actually in stock. For example, if 30 units sold in five days,
00:42: the velocity is 6 units per day.
00:44: Not one unit per day. Average over a full month,
00:48: In this example. the store sells over 3 lighters per day
00:54: You can further filter these results by Category, brand or by items
00:58: you have previously tagged.
01:00: For example if you would like to see your fastest selling edibles, first you click the categories
01:04: button.
01:06: Then select the edibles category.
01:09: Finalize your selections by clicking apply.
01:12: In this case we sell 1.5 Wyld Real Fruit
01:15: Sour Peach Mango Soft Chews per day
01:18: The New Days Inventory field tells you how long it will take to sell all of your current inventory
01:23: based on the last 60 days sales velocity. Click the heading to
01:27: sort the column from highest to lowest to identify opportunities to promote slow
01:31: moving inventory.
01:33: However, you may want to know how much money is tied up with this slow-moving
01:37: inventory. You can do this by viewing the new retail value column.
01:42: This is the quantity on hand multiplied by the retail price.
01:47: On top of these fields, we've also added new filtered inventory insights.
01:52: The top 50 sellers view highlights your fastest moving products based on sales
01:56: velocity,
01:58: It even Flags top sellers that are currently out of stock or low in stock.
02:02: Helping, you avoid missed sales opportunities and making sure your
02:06: best products stay available and visible on your bud view screens.
02:09: It's a quick actionable. Snapshot of what's working? Perfect for guiding
02:14: promotions, reorders, and staff recommendations in this example.
02:17: If you click view, you can see the 28 products in your top 50
02:21: sellers that are out of stock.
02:24: These lists are sorted using the sales velocity in descending order.
02:29: Next, the Distressed Products section shows you which inventory is
02:33: aging.
02:35: This is broken down by products for over 30 90
02:39: or 180 days.
02:41: You'll see how much value is at risk.
02:43: And how many items are affected.
02:45: So you can take timely action, whether that means running a sale, bundling
02:50: items or rotating them out of your display strategy, you can
02:54: click the view buttons to further filter.
02:56: The result of the items with more than 30 90 or 180
03:00: days of inventory.
03:03: Together these features give you real control over your inventory.
03:06: Helping you move, inventory faster, reduce waste, and increase profits
03:10: log in now and check out the products tab in your bud.
03:13: View dashboard to start putting these insights to work for your store.