How Can I View an Item's Price History?

Modified on Sat, 07 Dec 2019 at 11:31 AM

There may be times when you want to find out the price of a single item over time. This view provides granular data about past purchases of an item over a customizable timeframe. 


In this article: 

How to access an item's price history

Reading an item's Smart Price History



How to access an item's price history

From Hot List:

  • Click on the item's name.




From Spend Analysis: 

  • Scroll down to the item list and click on an item's name
    OR
  • Click into a wedge on the pie chart to drill down to a specific category, then click on an item's name.




From the Items tab:

  • On the items tab, click All Items.
  • Click on an item's name.



Reading an item's Smart Price History



The number of trendlines on the report will depend on three factors:

  1. The number of restaurant locations you have access to on Plate IQ.
  2. Whether or not you've filtered to focus on one or all locations.
  3. Whether multiple restaurants have purchased the same SKU during the selected timeframe.


In the case of the image above, the user has access to multiple locations on Plate IQ, is viewing information for all locations, and four locations purchased "lettuce retail romaine hearts" during the selected timeframe.


When viewing item-level data, you can choose from three views: Price, Quantity, and Purchase Total. Click the tabs to switch between these views for greater insight into your expenses:


Price

This is the unit price of an item. It allows you to compare apples to apples—or, more to the point, a case of apples to a case of apples. 


Quantity

Being attentive to quantity is important when viewing Smart Price History reports, as quantity can affect the amount charged for an item. Clicking on the Quantity will display how many units of a particular item were purchased on a specific invoice.


Purchase Total

Purchase total is the full amount paid for a particular item on a specific invoice. This differs from Price because it shows the item's total cost rather than looking an average based on quantity.


Related articles:

How to Use Hot List

How to Use Spend Analysis


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