4 Ways To Make Your Amazon Inventory More Productive
There are hundreds of Amazon sellers the world over that suffer revenue retarding problems associated directly with inventory control and management. More often than not, these issues are the products of inexperience in the part of new sellers per se or the application of certain extremely bold or unthought-of strategies that backfire.
To stay in the safer side of things, here are four tried, tested and infallible ways to make the process of managing Amazon Inventory more productive and profitable…
Market research on new products you wish to introduce –
This is the first step to maintaining a healthy inventory in Amazon. If your listing contains traffic generating products, your inventory will experience healthy movements as well. This will prevent issues like shelved and forgotten stock, that otherwise mop a significant portion of revenues very silently.
Be careful of the amount of warehouse space you engage –
This applies to all top marketplaces be it jet.com, Walmart, eBay or any others for that matter. If you have engaged significant amount of warehouse space with your inventory, you will have to pay out more for stock that will not generate profits on an immediate basis. Therefore, maintaining smaller stock that can be refilled on a regular basis is advisable.
Always approach real time inventory integration –
Amazon warehouse management can get tricky especially when you are an FBA subscriber. In simple words, when you subscribe to FBA you lose control over your stock to a significant extent which can lead you to lose track of the inflow and outflow of the same especially when returns are made. If however, you invest in real time inventory integration through dependable sources; this problem can be addressed right away.
Demand prediction and complete integration with supply chain source –
lastly, being in tune with the supply chain source while paying ample attention to demand prediction can help you maintain streamlined profit generating inventory.