Gain Visibility and Control of your Amazon inventory

Amazon is one of the best retail giant and marketplace to sell anything and is a great way to leverage the profit of your online products. Before few years, Fulfillment by Amazon (FBA) seemed to be crazy idea. But today, nearly four million Amazon sellers use FBA for warehousing and faster delivery. Unfortunately to stand tall amongst competitors, sellers need to jingle all the way to find the best Amazon inventory management software. This e-commerce giant is leveraging with the products of more than 20 categories and 10 markets around the world and has set the expectations as the benchmark in terms of delivery speed and pricing.

How Fulfillment by Amazon works?

•  You ship your products to Amazon
•  They store and list it on Amazon web
•  When sale is made, Amazon picks – packs – ships to the customers from the fulfillment centers
•  Amazon handles any returns

A well-developed Fulfillment by Amazon business is an attractive online business to own and has become an appealing investment opportunity for business buyers. But, what are the best ways to optimize?

• Track and record your numbers

Being a FBA retail owner, you should trail and trace your economic data from day one. This will enable you to keep your finger on the pulse of the business and if you are going to sell your online business in future, this data can be helpful to you. Additionally, you must also keep check on the cost-efficiency of your business. Make sure it is profitable after all fees and expenses. To manage the cash flow, it is recommended to use tracking key performance indicator such as inventory-to-sales ratios, inventory turns, and gross-margin return on investments, cash-to-cash cycle and days of inventory.

• Inventory Management

If you wish to scale your Amazon business, you need to have good grasp of Amazon inventory management software for each product you have. Are you trailing valuable sales to stock outs? Do you have inventory languishing in the warehouse, costing your storage fees and effectively tying up cash on the shelf?

The bigger you grow the extra products you have to handle, so knowing these, everything can become more difficult. This is where having good inventory management software for FBA can assist you to produce your business.

• Automated stock level management

Inappropriate stock management can eventually ban you from Amazon. Automated syncing of Amazon stock levels is kind of mandatory feature in any Amazon inventory management software that you are planning to buy. For instance you sold 100 SKUs in your online store. It should be updated on both Amazon storefront and your inventory management software. A two-way synchronization is the appropriate way to have real-time data about your stock levels.

• Multiple Sales Channel management

FBA can fulfill your orders from the other channels – from your stored inventory in an Amazon fulfillment center. You will be able to manage your inventory online and can contact anytime for the return inventory. If you pick the inventory management system that doesn’t support multiple market platforms than you will have the boundaries to sell only on a sole platform which refrains your business from growing. Save time and money with improved control over

How to Choose the Best Amazon Inventory Management Software for Your Business?

There is no such definite journal to know which inventory management system will suit your business. But, there are some factors you need to be aware about to

• pick the best
• Item management
• Customer data collection
• Order processing
• Accounting
• Logistic Management
• Drop-Shipping

Ready to optimize your Fulfillment by Amazon Business

Be careful in scrutinizing your shipment record on a daily, weekly, or monthly basis depending on the amount of items you dispatch. Reconcile your reports with Amazon to find the profit you owe. Leverage the connections and resources available to you as with any business, if you make the most of your passion and expertise, you’ll have a much better chance at success. Bear in mind to take benefit of a range of tools and resources Amazon has to recommend, as they can assist you to make the most of the FBA opportunity.