Amazon inventory management – Picking a system that fits the bill
Think about this statistic, over 60% of Amazon sellers live in constant fear of suspension. I don’t know about you, but this doesn’t sound like it makes sense. If you ask an Amazon seller you will find that this is very real and without an Amazon inventory management system, they face this risk every day.
Since Amazon is the world’s biggest store for everything at a great price, this works for and against retailers who struggle to meet the Amazon exceptionally high standards of ecommerce. For sellers, this is a slippery slope, and one false move can get them ousted from the seller’s circle with very little chance of ever getting back in. But there are simple ways to ensure that sellers remain successful so let’s take a look at some of them.
Amazon inventory management – taking the first steps on the road to success
There is no doubt that if you are one of the many sellers on Amazon.com you are in an envious position because this is by far one of the largest ecommerce sites on the planet. But with great power (to sell) there comes great responsibility (to fulfill), and that is why it is critical that you consider investing in Amazon inventory management software.
But how do you choose the best software for your ecommerce business? After all, there are a huge number of solutions on the market to choose from, but there are only a few that will fit the bill for Amazon. With that said, let’s take a look at a few of the routine functions you should consider when evaluating any software solution but especially when searching for Amazon inventory software:
- Inventory management (of course)
- Customer data collection
- Order processing
- Logistics management
Amazon inventory management – it’s all about the customer
Unlike most ecommerce websites, Amazon has a laser focus on product fulfillment and customer satisfaction. If you have ever purchased anything from Amazon, you can’t escape the attention to detail provided by your order because Amazon makes certain guarantees that will cost them $$ if they don’t deliver as promised. Now think about the pressure that this fulfillment and delivery guarantee puts on the sellers. Now you begin to understand why one false move can mean the end of your Amazon seller status.
So, selecting the right Amazon inventory software solution that meets all of your needs is even more critical and should be carefully considered because if you choose the wrong one you may find your seller status revoked. Some of the most important functions that you should not overlook are back-end integration with your accounting/ERP system, automated stock level management, and multiple sales channel management if you sell through other channels other than Amazon. So many decisions, so little time, but maybe with a little guidance you can make the right choice and stay on the Amazon seller list.
Amazon inventory management software – achieving your goal
As far as researching new inventory software providers go, this is probably going to be the most critical decision you have ever made because the result will either make or break your company. Trying to find a package that is rich in features such as; automatic inventory update, support for multitasking, providing management through a central interface, is affordably priced and is designed to integrate with the Amazon environment, is a pretty tall order.
This article will not focus on one product offering but provide you with a few important features that you should look for in an Amazon inventory management software solution, so here goes:
- Facilitate management of multi-warehouse stock levels from a single interface so that you will never have to worry about syncing your inventory with Amazon because it is done instantly in the background. This ensures that you always have a pulse on stock levels in real-time.
- Integration with other marketplace solutions or at least the capability to customize the integration should be available.
- Support for multi-warehouse management through a single interface so that you have access to stock levels and reorder points. Having automated alerts for these critical functions to streamline the purchase process would also be a plus.
- Access to report analytics that will allow you to dive deeper into orders and stack level adjustments will provide more visibility into what is going on below the surface.
With the right Amazon inventory management software, you can achieve amazing results. Amazon requires absolute conformance to the rules of seller engagement with their customers. As long as you understand what is required, you will benefit from the relationship.
Taking the first step to identify and purchase the right Amazon inventory management software, will ensure that you not only avoid getting fired but go on to achieve bigger and better sales. To help you choose the right software, why not have a chat with our guru?