Amazon Inventory Management Software
Simplify your Amazon Inventory Management in the best way possible, from inventory tracking to order processing to multi-channel inventory management.
While Amazon offers access to a vast audience of sellers, it is often easy to stumble and fall if you do not strategically manage your Amazon inventory. As the business grows, catching up with the orders and flow becomes quite a headache, and Amazon Inventory Management comes to the rescue.
The key to Amazon’s business success is systematically managing inventory operations and avoiding the hotchpotch. Managing a business over Amazon is quite a task while dealing with multiple challenges including overseeing inventory, from product listing to order fulfillment. Amazon Inventory Management helps retailers cross this inventory peddle with ease. Custom Amazon Inventory Solutions helps Amazon sellers make intelligent choices about their inventory stocks and how Amazon processes their inventory.
It enables sellers to manage their product catalog and optimize listings based on categories, variations, and more. It also allows them to process bulk listings, saving manual efforts. It also helps with keyword optimization, A/B testing & product performance, resulting in more effective listing and product discovery.
Effective inventory management allows Amazon sellers to easily monitor inventory levels, inventory flow, sales trends, overstocking and understocking levels, product performance, and product placement in the warehouse. Inventory management software for Amazon sellers helps with easily locating the inventory.
The software syncs with Amazon operations and tracks the product flow through SKUs and ASINs. Sellers get the exact idea of managing their inventory, which products are most in demand, which products need to be updated for sale, which products can be sold as bundles or kits, etc.
With the correct and adequate details about the stock levels, Amazon sellers can generate accurate purchase order reports. In case of a bulk order, the software automatically generates the PO for the supplier and updates the shipping time accordingly to avoid any discrepancies later.
The custom inventory management software is built considering warehouse layout. Through barcode scanning, the software knows every granular detail about the inventory arrangement in the warehouse, which is consequential for the efficient pick-and-pack process.
Amazon Inventory Management solutions use advanced data analytics to predict product demand, mitigating stockouts and excess inventory. Sellers can make the right decisions about product supply, transportation, and distribution and appropriately define the supply chain process.
The team stays updated on inventory flow via barcode scanning and labeling. The system automatically analyzes each order's details and dimensions, generates the shipping label, & suggests a suitable shipment partner for smooth order fulfillment.
A centralized dashboard to reflect everything from the sales data to the order fulfillment process to shipping & logistics data to sales forecast, and more. Access everything in one place to stay updated on the overall business operations.
With the correct product and sales analysis, sellers can identify the required stock levels to maintain. Depending on the sales forecasting and suggested PO report, sellers can move ahead with product procurement to keep inventory levels as per market demand.
When the Amazon inventory management software efficiently handles the complexity of inventory management, the rest of the focus can be redirected to growing the business and planning the best profitable outcomes. The right Amazon inventory management software can help a retailer in many ways.
FIFO stands for "First In, First Out," & FEFO stands for "First Expired, First Out." Both methods manage the Amazon inventory stored in the warehouses. FIFO helps stock out the oldest inventory first. Similarly, FEFO applies to perishable items, and items with expiration dates are prioritized based on the dates.
With the correct stock-level insights, sellers can meet timely and accurate order fulfillment, which entitles sellers to positive reviews, repeated orders, and referrals. Customer satisfaction is, in any case, every Amazon seller’s ticket to soaring profits with well-distributed stock.
Overstocking and stranded inventory (Products listed for sale but unavailable due to discrepancies) may impose a higher storage cost, eating into profit margins. Inventory management software helps identify the aged and stranded inventory to avoid such Amazon penalties and prioritize the product flow.
Sellers can analyze key inventory-level metrics, including revenue, cost, profit, daily sales, and average profit per unit. They can also manage FBA inventory based on FBA sales analysis, as sellers need to keep enough inventory at the FBA distribution centers to avoid extra fees.
Inventory management software gives sellers complete control over their inventory stock levels. This solution mitigates the risk of poor stock management and lost sales and allows sellers to identify the accurate PAR level, which indicates the lowest stock level that inventory can reach for generating PO at the right time.
The inventory management solution automates most tasks or makes it easy for sellers to perform certain operations promptly. For example, it eliminates the headache of manually managing the warehouse operations and pick-pack-ship process. This improves Amazon sellers' workflow efficiency.
Without any disparity in the actual operations and the reports generated, inventory management software helps sellers fulfill customer demands. Also, sellers can strategically address the stocked inventory & run offers and sales based on the insights.
Winning the Buy Box is crucial for Amazon sellers, dramatically impacting sales. Having products in stock and prepared for shipping is essential for Buy Box eligibility. Effective inventory management helps maintain this eligibility and increases sales opportunities.
With accurate inventory management and replenishment, sellers can reduce the time and effort required for order fulfillment. This speedy process earns sellers a plus point in terms of customer satisfaction and hassle-free delivery.
Machine learning models analyze historical sales data, customer trends, and external factors to predict future demand accurately. Machine learning-based forecasting minimizes overstock and stockout situations, ultimately saving businesses money and ensuring customer satisfaction. This helps in demand prediction, inventory segmentation, etc.
AI enhances the capabilities of our inventory management software with many advanced features, like sales predictions, calculated reporting & analytics, inventory valuation, inventory segmentation, and more. With AI, our software can help sellers calculate event-based inventory demand, find the best kitting solutions, and data-backed inventory optimization.