No matter if you are a new seller or a seasoned one, managing your Amazon inventory is one of the most important aspects of your business. It is important to choose the right order and inventory management tools in order to streamline your supply chain and ensure effective management of your stock.
Effective inventory management, especially when you sell across multiple channels, will ensure you don’t run out of products 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. You need to ensure that you place the orders at the right time to avoid overstocking and understocking issues as they are very costly to make.
If you are an Amazon seller who's been on the platform for a while, chances are you're already handling large inventory, perhaps too large for one person to manage. Sure, you have your listing tools, wholesale directories, PPC management software, and other FBA tools but have you ever considered Amazon inventory management apps? If you haven't yet, we bet real money your closest competitor already has.
What these management apps do is connect not only with your seller account but also to your other FBA tools specifically with your wholesale dealers. These software-as-a-service apps help businesses manage a sizable listing and control multiple orders at once across different online sales channels. They organize product listings in Amazon and can even re-route orders if needed through automated integration.
Moreover, they track orders and update listings from different supplier companies and automate most of your dropshipping tasks. Many of them are compatible not only with Amazon but also with eBay, Shopify, and others. So if you happen to sell on more than one marketplace, these management tools are perfect for you.
It would be best to stay on top of your stock management and keyword optimization as an Amazon seller because you have a score to maintain. To stay within the good graces of Jeffery Bezos the Almighty, it is essential to keep an Inventory Performance Index (IPI) score of no less than 500 points. Anything lower than that and you might incur penalties, and it will be harder for you to sell as a result.
The IPI score measures how efficient and productive you are in managing your FBA inventory. Multiple factors could influence your IPI score, however, the most important ones are your actions:
Maintain a balanced level between sold and on-hand items and avoid excess and aged inventory.
Avoid long-term storage fees.
Fix listing problems.
Keep your most popular products in stock at the proper levels, when possible, to meet customer demand and maximize customer satisfaction.
This puts a lot of pressure on sellers who not only have to juggle their already massive listings but also have to keep up to date with Amazon's policies and terms of service. Mistakes that occur due to an oversight always cause friction between customers and sellers and, in turn, the sellers and their suppliers. To shave off a good amount of time and worry and avoid unnecessary conflict, you'd want to have an automated solution always at your disposal.
As an Amazon seller, you need to check the flow of your products in your inventory constantly. Maintaining a healthy balance translates to a satisfactory IPI score. Stagnate and pay the price.
Good thing Riselane has service software management solutions that will auto-update your product listings, do shipment tracking, or order routing with your chosen suppliers. Letting the software do the work will save you a lot of time, with testimonials from users stating it's taken from 15 minutes down to 30 seconds to add a new supplier.
We have all of these and more in one place and we threw in some attractive discounts too for almost every inventory and eCommerce store processing solution.
Don’t have an account?
Have an account?