If you're an Amazon seller with a lot of products to keep track of, inventory management can be a challenging task.
To avoid running out of stock, you must monitor inventory levels, examine sales data, and replenish products promptly.
Inventory management, order processing, labeling, and transport logistics are just some repetitive tasks you can computerize with the right software.
It can speed up processes, lessen the likelihood of mistakes, and save you time.
So, if you are struggling with poor inventory management skills, it's time to change your approach and boost your efficiency.
If you want to learn more about choosing Amazon inventory management software that meets your specific needs and fits your budget, keep reading!
As an Amazon seller, you are constantly dealing with inventory issues.
One of the most significant challenges is ensuring you have enough stock to meet demand without overstocking. It's a delicate balance – mishandling inventory can seriously affect your business.
Amazon inventory management software can help you keep track of your stock levels, forecast demand, and automate various tasks to streamline your operations.
With the right tool, you can avoid common inventory issues and keep your customers happy.
SoStocked is an inventory management tool specifically designed for Amazon sellers that can assist with a wide range of tasks related to managing inventory.
This tool can help you address 10 key aspects of inventory management and forecasting, such as preventing over-ordering, under-ordering, late ordering and transferring, tracking orders and payments, managing spreadsheets, and bundles, reporting on purchase orders, handling multiple marketplaces, and avoiding expensive warehouse recounts.
By using SoStocked, you can gain greater control over inventory management and reduce the risk of costly errors.
Some of the features SoStocked offers include:
Pricing is calculated based on the number of orders per month.
For example, if you have under 1,000 orders, the price is $158. If you have 500, you need to pay $250, and so on, up to $1,168 for 233,000 orders per month.
If you are a private label seller, you can use this tool to conveniently check your inventory levels, view your sales history, and receive notifications when inventory levels are running low.
The IPI/Restock limiter feature is particularly beneficial for those with inventory or restock restrictions on Amazon FBA, making it easier to keep items in stock.
Additionally, SoStocked can assist seasonal and wholesale sellers, too.
The tool's forecasting mechanism allows you to assess product trends based on previous sales numbers, giving insight into the current year's sales.
It is not, however, an ideal solution for retail arbitrage and Amazon sellers who use the FBM model.
RestockPro is a software tool designed for Amazon FBA sellers that generates restock suggestions and alerts for reordering.
In addition, it monitors various aspects of the inventory process, including purchase orders, FBA inbound shipments, and Amazon's receiving procedure.
By analyzing data, RestockPro can help you identify which products are most profitable to restock. Also, it generates reports you can receive daily via email.
The software enables you to input supplier lead times, cost details, minimum order quantities, and other important information to help you maximize profits and avoid stockouts.
RestockPro comes with a variety of features that can be beneficial to Amazon sellers, including:
1. Automatically calculate the profit margins for each of your products. This tool can help you identify which products are the most profitable and minimize the time they spend in an FBA fulfillment center. In addition, by stocking only the most profitable products, you can reduce your FBA storage fees.
2. Kit Optimizer helps you create different kits and track their sales history, profitability, and costs.
3. Personalize and produce stickers that meet Amazon's guidelines. Then, once your inbound shipment is on its way, you can monitor its progress as Amazon accepts it.
Different plans are available depending on the number of monthly orders, starting from $49 to $249.
Restock is software for Amazon sellers only. Hence, it may not be very beneficial if you operate on multiple platforms. However, for those who mainly sell on Amazon and require a simple and uncomplicated inventory management system, Restock may be a valuable tool to invest in.
Ordoro is a comprehensive platform designed to assist expanding online retailers in managing their businesses.
It offers specialized products and tools to enhance your workflow, including omnichannel inventory management.
Ordoro aims to make shipping easier for your company by streamlining the shipping process, focusing on fulfilling customer orders, and reducing wait times when ordering products.
The application's essential and advanced features include the following:
Ordoro offers a Free but quite limited program and Advanced and Premium plans.
The primary objective of Ordoro is to enhance the speed and efficiency of your supply chain, enabling you to receive products when needed, reduce inventory holding costs, and deliver orders promptly to your customers.
Nevertheless, it is essential to note that Ordoro does not provide demand forecasting, manufacturing inventory features, or enterprise-level resources for larger companies.
Therefore, consider a different solution if you require Amazon inventory management software that can handle more complex retail and manufacturing requirements.
Skubana is a platform for managing orders and inventory that integrates your sales channels, warehouses, and fulfillment operations.
The Skubana platform offers comprehensive support for direct-to-consumer (DTC), wholesale, and brick-and-mortar sales. It enables you to seamlessly manage inventory, bundling, and order fulfillment within an all-in-one business management system.
Moreover, Skubana's extensive app store provides access to a broad array of third-party integrations that enhance the platform's reach and capabilities, making it an ideal choice for businesses across different markets and industries.
Key features of the software include:
Skubana has a trying price of $999 per month.
Skubana manages a wide range of key business processes from a centralized cloud-based system, including ordering, fulfillment, purchasing, shipping, and reporting.
It is an excellent solution for businesses in the fashion, consumer electronics, retail, and consumer goods industries.
Still, it's quite a pricy option, aimed at high-profile companies with large orders.
Expandly is a software tool designed for Amazon sellers that allows them to manage all retail activity in one place. In addition, it can integrate Amazon with eBay and offers a more affordable pricing option compared to other similar inventory management systems.
The tool can help you manage listings, orders, shipping, and real-time inventory.
While it provides a good number of integrations, it may have limited options for shipping carriers and disconnected integrations.
Overall, Expandly is a cost-effective solution for small Amazon sellers or multi-channel online retailers with a relatively low volume of orders.
Key features include:
Expandly offers Standard, Premium, and Enterprise plans.
Expandly is a good choice for growing SMB and D2C ecommerce retailers that sell across multiple channels, especially Amazon, eBay, Etsy, and Wish.
It can be especially beneficial for UK Amazon sellers because it integrates with Royal Mail and UK Mail, among others.
However, if you run a larger business, this may not be the right fit for you.
Using Amazon inventory management software is undoubtedly beneficial. However, having sufficient working capital is essential for the smooth functioning of an ecommerce business, regardless of the software you use.
It is common for Amazon sellers to face liquidity issues that can impede their growth.
Myos provides asset-based financing that caters to the unique challenges of ecommerce businesses.
You can get funding up to £2.5 million without requiring ownership stakes or personal guarantees, which can help you quickly access capital and accelerate growth.
What sets Myos financing apart?
Moreover, Myos doesn't restrict how you can use your funds.
For example, you can prioritize increasing your stock levels, financing your marketing efforts, opening a new store, expanding your team, or renovating.
If you want to learn more about how you can use your product to fuel the growth of your business, sign up to Myos today and get a free offer!
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