![]() Inventory Lab is capable of organizing all of your finances with their helpful bookkeeping tools. Inventory Lab has amazing accounting capabilities. With Inventory Lab, we can get both our listing service and our sourcing app at one low price.Ĥ. Scoutify can quickly show you each item’s competitors’ prices, whether Amazon is in stock, potential profit, ROI, sales rank, sales rank percentage, if you’re approved or restricted from selling the item, how many you already have in stock, how many you’ve already sold, plus quick links to request approval for restricted items, and (my favorite) the ASIN’s Keepa graph, just to name a few. We can quickly scan the barcode of an item and have all the information we need at our fingertips to tell us if the item would be a good buy for resale. We can’t image sourcing for inventory without the using the Scoutify smartphone app when doing retail arbitrage. Inventory Lab comes bundled with the Scoutify sourcing app. Personally, we prefer to use the “Private” workflow when processing our inventory batches for this very reasonģ. Gone are the days of sending in 45 items to 8 different warehouses. The good news is that using “Private ” workflow almost always sends our inventory to fewer total fulfillment centers than if we had chosen the “Live” workflow or if we had listed our inventory directly in Seller Central. The “Private” workflow sometimes changes the final warehouse destination of some of the inventory items (so you’ll have to double check later that the right items are going to the right warehouses). Inventory Lab can limit the number of FBA warehouses we send out inventory to.Īs we start a batch in Inventory Lab, we can choose “Live” or “Private” for the “Workflow Type.” When the “Private” workflow is chosen, nothing is submitted to Amazon until the batch is completed. We can also enter our buy cost, min/max price, and the supplier for each inventory item, so we can later generate reports to help us keep track of things like return on investment or the profitability of certain sources.Ģ. Inventory Lab also lets us know the item’s current sales rank, category, size tier, and any prep needed, like poly bagging. It gives quick links to Keepa for the ASIN of the item, so we can check out sales rank and price history as we’re pricing the item. It shows the FBA, Merchant Fulfilled, new, and used prices, as well as whether Amazon is selling the item and who owns the buy box. ![]() We use a desktop barcode scanner to scan an item into the system, and Inventory Lab pulls up the item with all the information we need to price it. Inventory Lab is a feature-rich listing service. Here are the reasons we find Inventory Lab to be a beneficial program to use in our Amazon FBA business:ġ. It is well worth the monthly fee to pay for this software and save a ton of time, not to mention gain access to useful reports for our business (we’ll get into that a bit more below). We love how it helps us streamline the process of listing our inventory, along with many other useful functions that we use on a regular basis. The best way to streamline the listing process is to use a third-party listing software so that you can scan the item into the software, print and attach the individual label, and sort the item into the correct fulfillment center’s box – all in one step.įor our Amazon FBA business, we use the Inventory Lab inventory management software. This doesn’t include the time it takes to sort your products after you bring them back from sourcing, removing any stickers, and prepping the products with poly bags or shrink wrap. By listing through Seller Central…and then printing your labels on a sheet of 30…and then separating the items out into the various fulfillment centers, you are spending a lot of time touching each inventory item over and over and over again. The fewer times you can touch a piece of inventory as you process it, the better. One of the biggest ways I encourage FBA sellers to save time by spending a little money is to use a third-party listing service, rather than listing your FBA inventory directly through Amazon Seller Central. ![]() As Amazon FBA resellers, we’re all looking for ways to save time and money in processing our inventory.
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