Top Inventory Management Tools for Amazon 

The issue of inventory is one of the most important factors when conducting business on the Amazon marketplace. A well-managed inventory means that your products are in stock and ready to be purchased at the right time, avoiding stockouts and overstocking which saves cash and increases the general cash flow of the business. In the case of sellers on Amazon, using inventory management systems will significantly reduce the number of hours a person works on proving orders and packaging, as well as help make this business more profitable. Below are some of the best inventory management systems created specifically for Amazon sellers:

What is Inventory Management?

Inventory management refers to the organized process of collecting, storing, and supplying goods to an organization. It includes overseeing the stock levels, the ordering process, and achieving the optimum level of stock. Properly controlled inventory ensures that there are no “stock out” situations but it also limits excess stock which in turn immobilizes working capital and causes losses. For example, in a business set up where the business is primarily e-commerce oriented, the ability to effectively manage stock helps ensure that there is always stock on the shelves when required, reducing storage costs and increasing productivity which in turn improves customer satisfaction levels and the firm’s profit margins. Moreover, implementing suitable inventory application software can improve the process even further. This will increase the productivity and overall effectiveness of the entire process. 

Why Is It Important To Manage Your Amazon Inventory?

Like every successful sales strategy, the need to manage Amazon’s inventory cannot be overemphasized. It is to manage stock levels in a way that guarantees that the business has the right amount of stock of the required material at the right time. This is beneficial because it helps avoid a situation where customers experience dissatisfaction due to the unavailability of certain products. Managing excessive inventory, however, creates problems regarding the availability of free working capital and additional storage space. Therefore, proper management of inventory can:

• Improve customer satisfaction: The aim is to prevent out-of-stock situations and ensure that all orders are delivered without delay.
• Optimize your FBA fees: This means reduced storage and fulfillment costs.
• Maximize your profits: Reduce the chances of customers going elsewhere for your products and avoid purchasing too many items.
• Make better data-driven decisions: To get the best results when managing stock, one must use the information gathered in matters related to procurement, pricing, and marketing.

Best Amazon Inventory Management Software

Since selling on Amazon is no longer a jungle for most sellers, it comes with many responsibilities, especially managing stock. The proper inventory management systems and techniques can help reduce costs and increase the organization’s sales and productivity levels. 

Such systems automatically help with decision-making and customer satisfaction through activities such as stock level monitoring, meaningful report generation, and shipment control. By using these structures, businesses improve their effectiveness and focus on growth strategies. Such systems are especially important for companies that offer Amazon consulting services in the market, as they can easily manage their seller inventories.

1. Linnworks

Linnworks is a complete inventory management system that aggregates orders, stock, and shipping from the Amazon channel and many other channels. The core service elements of the subscription-based offering include advanced automation, custom reporting, and multi-channel selling.

PROS:

• Many possibilities to automate work to reduce cumbersome activities
• Improved reporting and analysis to enhance the informed decision-making process.
• Supports more than one selling platform except Amazon

CONS:

• First-time users may find it difficult to master the tool.
• Requesting and receiving higher prices than some potential competitors in the market, especially where it targets small businesses

2. Sellbrite

Sellbrite lets sellers handle inventory, listings, and orders for multiple sites selling on Amazon, eBay, Shopify, and more. For efficiency, this makes sense… in terms of synchronizing inventory and creating listings.

PROS:

• Consumer-focused features make the way easier for you
• Optimal control of stock across different channels
• A good level of compatibility with the most used eCommerce systems

CONS:

• They have less vast functions compared to other tools.
• Cannot handle very high seller volume very well

3. Veeco

Veeco is an amazing inventory management tool that handles orders, shipments, and stock. What I have noticed is that it easily synchronizes with multiple marketplaces and e-commerce sites, so it can be used as a hub for stock management.

PROS:

• Full functionality for order management and deliveries.
• Easy-to-use panel for stock management.
• Easy-to-use interface, first-class customer service, and other support assistance

CONS:

• It can prove to be cumbersome, considering the manifold features.
• A high pricing level can be a drawback to discourage small sellers The high pricing level of the encoder services can be a disadvantage that can push small sellers out of the market.

4. Expendly

Expendly is inventory management software with features for multichannel selling. It tracks inventory, orders, and shipping solutions based on multichannel selling on Amazon, eBay, Etsy, and others.

PROS:

• Reliable multichannel platform with real-time inventory availability
• Includes cost-effective pricing strategies applicable to small businesses
• Easy-to-use interface

CONS:

• Fewer reporting options than its competitors
• May not support some powerful automated features.

5. Brightpearl

Brightpearl is an enterprise resource planning software that manages a business’s inventory, order processing, and other business operations. It is developed for fast-growing retailers and wholesalers, especially in the food industry.

PROS:

• Drag and drop functionality with inventory tracking, accounting, and integrated customer management system
• Great flexibility for businesses that want to expand
• High capabilities in the areas of reporting and analytics

CONS:

• However, it can be expensive and may not be feasible for a small business.
• The implementation task can sometimes be complex and take longer to complete.

Conclusion

So, the best type of Amazon inventory management software will ultimately depend on the user requirements, scale of the business, and budget. Looking at the various features, benefits, and costs of different options will finally help you identify the one tool that will help you achieve better inventory management, operational efficiency, and overall advancement of the Amazon business.

Among all these inventory management tools, each has advantages and disadvantages, as described below. So, in short, the best option depends on the size of the business, its requirements, and, of course, the amount of money it is willing to spend. Linnwork and Brightpearl are powerful solutions for large sellers, while Sellbrite and Expandly are better suited for SMBs, which can provide affordable and easy-to-use services.