Know Your True Costs

If you don’t know your cost, you don’t know your business. For many small business owners, understanding what each product or service actually costs is a constant challenge. Spreadsheets become outdated, prices change weekly, and manually updating every recipe, SKU, or bundle isn’t realistic. That’s why we built Costing Automation — to help you track your true costs without tracking every line item by hand.

What Is Costing Automation?

Costing Automation in SuccessPath connects your inventory, purchasing, and sales data to give you real-time cost visibility. It automatically calculates the cost of goods sold (COGS) for each item, menu offering, or product package — using the most up-to-date ingredient and material prices pulled directly from your invoices.

Whether you’re a restaurant calculating food cost per plate, or a retailer managing bundled product pricing, SuccessPath’s AI ensures your margins are accurate, consistent, and always available.

Key Features

1. Real-Time Cost per Item

As you receive inventory or materials, SuccessPath logs the most current pricing. Each time you sell a product or serve a dish, the system uses this live data to calculate the exact cost of that sale — no manual updates required.

2. Recipe & Bill of Materials Costing

Create recipes (for restaurants) or kits/bundles (for retail) and SuccessPath will automatically track how much each one costs based on real inventory prices and quantities. Ingredient or component changes are instantly reflected in cost reports.

3. Price Fluctuation Tracking

Ingredient or supplier prices go up and down — and SuccessPath tracks those changes over time. You can compare historical costs, monitor supplier consistency, and respond quickly when your margins are under pressure.

4. Profit Margin Insights

Understand the profitability of every item in your catalog. See which products generate the most margin, which are breakeven, and which are dragging down your bottom line — all in clear, visual dashboards.

5. Location-Specific Costing

Running multiple stores? Each location can have its own vendor pricing, shipping fees, or labor costs. SuccessPath tracks these variations so you get location-specific COGS and pricing insights.

6. Alerts for Margin Erosion

If your cost rises and your price doesn’t, you’re losing money. SuccessPath flags when margins drop below your target — helping you stay ahead of rising costs and pricing errors.

Who It’s For

• Restaurants tracking plate costs, food waste, and changing ingredient prices
• Retailers managing SKUs with variable vendor pricing or bulk discounting
• Distributors building kits, boxes, or wholesale offers with fluctuating components
• Multi-location operators with regional price differences

The Business Impact

With Costing Automation, your pricing is based on facts, not assumptions. You avoid undercharging, protect your margins, and make informed decisions about your products — from pricing adjustments to menu redesigns.