What Do’s and Don’ts on Amazon Inventory Management

• February 23, 2020Catalog Management, Tips and Tricks

Inventory management is a very tedious task but it becomes necessary when you are selling on any online marketplace as a tiny mistake can put a direct bad impact on your business. It seems that it is an easy task for new sellers. But it is not true. Even experienced sellers face inventory management challenges on daily basis. This is the reason that most of the entrepreneurs have to go for Amazon Data Upload Services. A good inventory management keep them relax about the accuracy of product listings.

Outsourcing is a good option for your inventory management requirements but before outsource you must know why it is very important for sellers on Amazon. So, you should know what do’s and don’ts on Amazon Inventory Management. Here are some important points that must be in your mind.

Keep a close eye on your inventory requirements

It is neither overfilling nor out of stock is good for your business. Now, the question is how to stock the inventory? Things you can keep in mind are as below:

First: You should well plan your inventory orders. Keep an eye when you place an order and when that order is ready for purchase.

Second: Prepare a report of your previous years to decide inventory forecasting. If you lost your data or not have sufficient data for analysis then you can take an idea from your competitor’s sales trends. Tracking of previous year’s sales is a good idea to find out how product’s demand was in the past when compared to today.

It also helps you to take a right idea about the future market. So, you can add right amount of products in your stock and the result is you get more cash flow.

Loss customers if your product is out of stock when selling on any platform

Less Search Visibility

Keep in mind that Amazon will remove all those listing which are out of stock from their search result pages. But this thing is good that listing is not permanently deleted and you can find it on the marketplace. The main point is removing listing from search result pages means that listing’s visibility has been reduced.

Low Sales

Now the question is why Amazon inventory management is so essential for your business? The answer is simple that when you sell your products on online marketplace, you notice that customers can’t wait for customer availability. That time they search for similar products, it means they are going to your competitor’s products. The result is that you automatically loss your product sales.

Negative Impact on Rankings

You loss your keyword ranking on search engine if you keep out of stock from last many months. To keep your product visibility to customers, it is very necessary to maintain keyword ranking. Lastly, we can say that it directly affects on your sales.

It is not good to overpack your product inventory

When you keep out of stock product then you loss you sales but if you keep more than you need, you increase your inventory cost as well.

Conclusion:

A good Amazon inventory management helps you to know your stock requirement accurately. Outsourcing is a good option for your Amazon data entry services and monitoring on your inventory closely. You can increase your sales and profits when your choose them. We at Switch2ecom, here are available for your Amazon inventory management requirement.