Problem Solved: Improved FBA Amazon Inventory Management
Do you find FBA Amazon Inventory Management a bit tedious and confusing? If you want to maximize your profits by entering the vast Amazon marketplace, the first thing that you should understand is the fact that the backbone of success on Amazon is inventory management. How you manage your inventory plays a huge role in securing sales of your products. Luckily, Amazos is well versed in this vital aspect of increasing productivity and profitability on Amazon, and we will teach you some of the ways you can improve your FBA Amazon Inventory Management as well as problems you are likely to encounter along the way.
According to Amazon, inventory management is the process of storing and tracking products to meet customer demand quickly and efficiently. A poor inventory management system would be costly to your business, lowering its profitability. Some of the problematic circumstances, you might encounter are running out of stock, which means your customers would resort to buying from your competitors, spoiled products when shipments are late, and paying high storage costs. FBA Amazon Inventory Management is a tough job that needs much attention and effort so that you would not lose potential sales and avoid potential loss. This makes inventory management a great investment for your business.
WHY IMPROVE YOUR FBA AMAZON INVENTORY MANAGEMENT?
Running a business is already a load of work and takes so much of your time already. From negotiating with suppliers and managing daily operations. The last thing you need is to be stressed out regarding poor sales and unhappy customers. A well-managed FBA Amazon Inventory will save you from facing the following problems you are likely to face if you have poor inventory management:
NO STOCKS IN THE AMAZON INVENTORY
If you have no stock, when your potential customer tries to buy your product, they will encounter a message saying, “Currently Unavailable. We do not know when or if this item will be back in stock.” This is absolutely devastating. You have a customer willing to buy what you have to offer, but you don’t have it on your hands. What happens next? Your customers would not stop for you, they would buy from one of your competitors. This is a loss of potential sales, and you would miss your chance for profit. Shipments for stock would take days or even a week, and during this time there would not be any income.
LOST SEARCH RANKING
Listing optimization is an important element in establishing brand awareness and attracting potential repeat buyers. This will put you at the center of search results when customers are trying to find what you have to offer. When you have no inventory, Amazon’s Search Engine Optimization will penalize your product listing. If you lose your search rank on Amazon, your product would be overshadowed by competitors in the search results, minimizing the number of visitors on your listings and potential buyers for your products.
MISSED TREND WAVES
A product wouldn’t always be in demand. If you have no inventory, you are missing out on the surge of sales a trend or demand has to offer. This would not last for a long time, and before your products even get restocked, you have already missed it and given all opportunities to your competitors. This will be a huge regret for you and your business. Never miss out on any chance and do not let them get ahead by managing your inventory property and efficiently.
HOW DO YOU IMPROVE YOUR FBA AMAZON INVENTORY MANAGEMENT?
The following are some of the ways you can improve your FBA Amazon Inventory Management:
USE THE RIGHT INVENTORY MANAGEMENT TOOLS ON AMAZON
There are free inventory management tools featured in Amazon Central. Amazon created this specifically to help retail sellers efficiently and effectively manage their inventories and fulfill orders quicker. In Amazon Central you can generate reports, view active, inactive, and suppressed listings, add product listings and photos, add products to inventory, change the quantity on hand, see seller fees for each product, change pricing, view FBA or merchant-fulfilled stock levels, track FBA shipments at every stage and receive personalized recommendations and opportunities—with much ease, either individually or by batch. This will save you a lot more time and would give you a bird’s eye view of how your inventory is running.
TAKE NOTE OF SEASONAL DEMAND AND SUPPLY FLUCTUATIONS
Your sales would most likely increase during the holidays, so you should be able to determine the number of stocks you should gather to cater to the fluctuating demands of customers during those times of the year. This is an opportunity you should never miss. However, it is also important to know about events in the country of your supplier to secure the availability of stocks, so that you can know how much lead time you are going to deal with.
KNOW WHEN TO STOP TAKING ORDERS
If you’re already running out of stock, then maybe it’s time to pause accepting orders from customers. This would reduce the chance of potentially disappointing customers for not fulfilling their deliveries on time and would give you a short break to restock your inventory. Sometimes, it is better not to force it to keep customer reviews happy and positive. Restock first, then get back on track!
Running a store on Amazon has never been this easy and convenient! Amazos is your partner in every business need and the key to the increase of your e-commerce sales. Our team is passionate about making every goal and objective possible for you. Learn more about our services today by contacting us NOW on 972 356 42244, Whatsapp, or with the help of our customer support.
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