When it comes to selling on Amazon, there’s one thing that can make or break you: your inventory (or more specifically, how you manage that inventory.)
Whether dealing with fluctuating order volumes, fulfillment issues or just stocking the right amounts of product, a good inventory management strategy is key to helping you do it.
It can also help you better meet demand, ensure customer satisfaction and, subsequently, improve your Amazon ratings and account health — all things that mean more business in the long run.
“Effective inventory management is more important than ever, especially if you’re an Amazon seller. In the past year, Amazon has introduced monthly long-term storage fees for slow-moving inventory, increased FBA fees, and launched the new Inventory Performance Index (IPI) metric.”
“There have also been improvements to the basic inventory management features available in Seller Central. What these changes have in common is a mission to help Amazon merchants manage their inventory more effectively.’
“Simply put, Amazon can’t afford to be a long-term substitute for your warehouse, garage, basement, attic, or another storage facility.”
– Becky Trowbridge, Managing Content Editor at eComEngine
You can read Becky’s entire guest post here.
Best Amazon Inventory Management Tools
Are you struggling with managing your inventory properly?
Do you keep running out early or having trouble fulfilling orders properly?
Here are the best Amazon inventory management tools that can help.
amazon inventory tools
Brightpearl offers services to manage inventory, orders, customers, and finances in a single system. Brightpearl also helps sellers gain the efficiency and insight needed to accelerate growth and profits through retail accounting, multichannel retailing (on and offline), and of course – order management software.
They offer integration with 3rd party systems to make your retail business even more powerful including Amazon
is designed with multi-channel sellers in mind, so if Amazon isn’t your bread and butter — or your products are spread across locations and platforms, this might be the tool for you.
On the inventory side, it gives you real-time visibility into stock levels across all channels and integrates with dozens of platforms, including eBay, Woo Commerce, Walmart, Magento and even Etsy.
It also helps you manage orders across all channels, consolidating your orders, pick-and-pack lists, shipping labels and more, and helping you better manage third-party fulfillment. Ecomdash runs $60 to $650 per month.
Final Takeaway on Inventory Management:
Manage by Stats, Appath and Inventory Lab are also popular options. Most of these (as well as those listed above) offer free trials — often for a full month at a time. Be sure to schedule a demo, check out customer reviews and take the tool for a spin before committing pricey monthly or annual fee.
You want to make sure the product integrates with your channels and software easily, and that it offers you the insights you need and an easy to understand, actionable way.
Typically, Amazon sellers are so focused on finding new products to sell on Amazon that they often forget about maximizing the profitability of their existing product set. It is easier to boost your company’s profit through proper inventory management than it is to do the same through new product sourcing.
Effective inventory management (especially across multiple channels) will ensure you don’t run out of products to sell when customers are looking to buy and your cash is properly invested in the right products so you can keep turning inventory over for a profit.