Popular Amazon Inventory Management Tools You Can Use For eCommerce Business
It is crucial to choose the correct inventory management software that matches with Amazon FBA. The reason behind this is it helps in enhancing your efficiency. Retailers these days opt for various inventory management tools as it boosts efficacy. Listed below is the necessary information on the different inventory management tools for Amazon.
The Importance of Amazon Inventory Management
As an Amazon seller, effectively managing your inventory is crucial for success. Common inventory issues like stockouts, fulfillment delays, and inaccurate tracking can negatively impact your seller rating, result in lost sales, and damage your brand reputation.
Using inventory management software tailored for Amazon sellers can help avoid many of these pitfalls. In this article, we will cover:
Common Amazon Inventory Challenges
Some of the most common inventory challenges faced by Amazon sellers include:
- Fast inventory depletion leading to stockouts
- High order volume affecting fulfillment speed and accuracy
- Inadequate tools to track and forecast inventory needs
- Difficulty managing inventory across multiple sales channels
Without proper inventory management, these issues can quickly spiral out of control. Stockouts and fulfillment delays often result in negative reviews. And every negative review means decreased search ranking on Amazon.
Benefits of Inventory Management Software
Investing in dedicated 3rd party inventory management software can provide Amazon sellers with:
- Accurate demand forecasting to prevent stockouts
- Centralized tracking across all sales channels
- Automation to keep listings updated
- Performance reporting to identify issues
- Faster order processing and fulfillment
For high-volume sellers, this software is invaluable for staying organized and minimizing costly mistakes.
Top Inventory Management Tools
Some of the most popular inventory management platforms for managing Amazon FBA include:
SoStocked
SoStocked accurately forecasts demand based on past sales, promotions, and inventory levels. It provides a customizable dashboard to monitor key metrics across products and sales channels. This helps Amazon sellers optimize listings and marketing for improved performance.
Linnworks
Linnworks connects inventory, orders, and shipments between all sales channels in one view. It automatically uploads tracking information to Amazon and other marketplaces as orders are fulfilled for faster processing.
Sellbrite
Sellbrite helps Amazon sellers manage listings and inventory across multiple sales channels like eBay, Walmart, and Etsy. Key features include repricing, stock updates, and robust analytics.
Expandly
Expandly consolidates inventory, listings, and order management for every sales channel. Top benefits are ease of use, excellent support, and detailed sales reports for data-driven decisions.
The right software provides the visibility and tools needed to control inventory, avoid stockouts, and streamline order fulfillment - critical capabilities for Amazon sellers.
Recommended: 9 Of The Best Free Tools For Amazon FBA Sellers 2021
FAQs
What are the main inventory challenges on Amazon?
The biggest issues are fast stock depletion leading to backorders and delays, inaccurate tracking between channels, and difficulty forecasting demand - all of which can destroy your seller rating.
How can software help you manage Amazon inventory?
Solutions like SoStocked, Linnworks, and Sellbrite centralize tracking, automate syncing, provide demand forecasting, and generate reports to optimize inventory planning across channels.
What features should I look for?
Key capabilities include centralized multichannel tracking, demand forecasting, repricing tools, order processing automation, analytics/reporting, and excellent customer support.
What causes negative reviews on Amazon?
The #1 trigger for negative reviews is inventory going out of stock unexpectedly or orders taking too long to fulfill. Inventory management tools help avoid both issues.
Is software expensive?
Pricing varies, but costs are generally very reasonable compared to the profit gains from reduced stockouts, faster processing, and improved channel management. Many tools offer free trials.
What other parts of my business can software help with?
In addition to inventory tracking, many platforms also assist with demand forecasting, repricing listings, analytics, and channel integrations (like between Amazon, eBay, Walmart, and Shopify).
Where can I learn more?
There are great resources online detailing inventory best practices for Amazon and software comparison guides. Our blog also covers recommendations and tips for mastering multichannel fulfillment.