{"id":21843,"date":"2024-03-22T04:56:17","date_gmt":"2024-03-22T04:56:17","guid":{"rendered":"https:\/\/www.sellersnap.io\/?p=21843"},"modified":"2024-03-21T10:59:31","modified_gmt":"2024-03-21T10:59:31","slug":"streamlining-amazon-business-with-inventorylab","status":"publish","type":"post","link":"https:\/\/www.sellersnap.io\/streamlining-amazon-business-with-inventorylab\/","title":{"rendered":"Streamlining Your Amazon Business: A Dive into InventoryLab\u2019s Tools, Features, and Integration"},"content":{"rendered":"

The Amazon marketplace is a popular online selling platform for retailers, brand owners, and <\/span>business <\/span>entrepreneurs because of its huge following and wide reach. <\/span>A key draw is the access to third-party Amazon seller tools, notably InventoryLab (IL), which helps to streamline business operations.<\/span><\/p>\n

When it comes to <\/span>inventory management<\/span>, many online <\/span>sellers <\/span>trust <\/span>InventoryLab<\/span>. In this article, we will discuss how IL helps<\/span> Amazon sellers <\/span>improve the overall performance of their <\/span>business<\/span>.\u00a0<\/span><\/p>\n

What is <\/b>InventoryLab<\/b>?\u00a0<\/b><\/h2>\n

InventoryLab <\/span>is a <\/span>software <\/span>platform tailored for <\/span>Amazon sellers<\/span>, offering tools and solutions to efficiently handle <\/span>inventory management<\/span>, streamline workflows, and monitor profitability of the <\/span>Amazon businesses.<\/span>\u00a0\u00a0<\/span><\/p>\n

Benefits of Using <\/b>InventoryLab<\/b> for Amazon Sellers<\/b><\/h3>\n

InventoryLab <\/span>offers a range of tools and features to assist <\/span>Amazon sellers<\/span> in various aspects of their <\/span>business<\/span>, including <\/span>inventory management<\/span>, <\/span>accounting<\/span>, and analytics. Using IL for your eCommerce <\/span>business <\/span>means access to its advanced features including the following:\u00a0<\/span><\/p>\n

Inventory Management<\/b>:<\/b> IL is primarily known for its <\/span>inventory management<\/span> feature that allows <\/span>sellers <\/span>to <\/span>track <\/span>their <\/span>inventory <\/span>levels, and create <\/span>shipments <\/span>to Amazon fulfillment centers. Additionally, IL also helps <\/span>sellers <\/span>efficiently manage their stocks across multiple channels.<\/span><\/p>\n

Listing and Labeling: <\/b>IL helps <\/span>sellers <\/span>conveniently create and manage product listings on Amazon, including generating FNSKU labels for products.<\/span><\/p>\n

Profit Analytics: <\/b>Aside from listing and <\/span>inventory management<\/span>, IL provides detailed insights into <\/span>sales<\/span>, <\/span>expenses<\/span>, and profitability, allowing <\/span>sellers <\/span>to analyze their financial performance and make informed decisions.<\/span><\/p>\n

Reports <\/b>and Insights: <\/b>InventoryLab offers a variety of <\/span>reports<\/span>, including <\/span>profitability reports<\/span>. IL also has analytics tools that help <\/span>sellers <\/span>understand <\/span>sales <\/span>trends and identify <\/span>profitable items<\/span>.<\/span><\/p>\n

InventoryLab’s key advantage is its ability<\/span> to simplify the complexities of selling on Amazon. This particular Amazon seller tool empowers online <\/span>sellers<\/span>, including <\/span>Amazon FBA<\/span> sellers, to run their businesses more efficiently and profitably.<\/span><\/p>\n

How Does <\/b>InventoryLab <\/b>Work?<\/b><\/h2>\n

When you register with <\/span>InventoryLab<\/span>, all your Amazon <\/span>inventory<\/span>, including both active and inactive <\/span>items<\/span>, as well as <\/span>sales <\/span>data from the past 60 days, will be integrated into the <\/span>software <\/span>application. This <\/span>process <\/span>is enabled through InventoryLab’s <\/span>integration <\/span>with the<\/span> Selling Partner API<\/span><\/a> (SP-API), which securely connects to your Amazon seller <\/span>account <\/span>to ensure smooth data transfer.<\/span><\/p>\n

Premium subscribers can easily synchronize all their Amazon data with IL by simply reaching out via email to request instructions. You should note that the syncing <\/span>process <\/span>may take up to 48 hours to complete.<\/span><\/p>\n

Once your <\/span>inventory <\/span>has been successfully synchronized,<\/span> Amazon sellers<\/span> can enter their costs, supplier details, and purchase dates directly into IL. This step is vital as all financial <\/span>reports<\/span>, including <\/span>sales <\/span>transactions and <\/span>profitability reports<\/span>, depend on accurate input to provide sellers with valuable insights for informed decision-making.<\/span><\/p>\n

InventoryLab <\/b>Applications: Stratify, Scoutify, ScoutX, and Insights<\/b><\/h2>\n

To streamline the effective management and optimization of an <\/span>Amazon business<\/span>, <\/span>InventoryLab <\/span>provides <\/span>sellers <\/span>with multiple applications, namely Stratify, ScoutX, Scoutify, and Insights. Here’s a closer look at the important functions and benefits of each.<\/span><\/p>\n

What is Stratify?<\/b><\/h3>\n

Inventory management<\/span> is a crucial aspect of the <\/span>Amazon business<\/span>. As your <\/span>business <\/span>grows, more and more products need to be tracked, making the whole <\/span>process <\/span>more complex and time-consuming. In order to help <\/span>Amazon sellers<\/span> manage their <\/span>inventory <\/span>more efficiently, <\/span>InventoryLab <\/span>introduced the Stratify app.\u00a0<\/span><\/p>\n

This specialized software solution offered by IL serves as a centralized platform to enhance operational efficiency and streamline tasks. Some of the key features of the Stratify app include the following:\u00a0<\/span><\/p>\n

Inventory <\/b>Monitoring: <\/b>Stratify facilitates comprehensive monitoring and control of your Amazon <\/span>inventory<\/span>, including stock levels, product details, and listing status.<\/span><\/p>\n

Listing:\u00a0 <\/b>Stratify helps <\/span>sellers <\/span>simplify the listing <\/span>process <\/span>on Amazon. <\/span>Sellers <\/span>can <\/span>list <\/span>products on <\/span>InventoryLab <\/span>that can be added to their Amazon <\/span>Seller Central <\/span>inventory data. Data feed from Stratify can take up to 70 minutes for your <\/span>inventory <\/span>data to be available in<\/span> Seller Central<\/span>.<\/span><\/p>\n

Pricing: <\/b>InventoryLab’s Stratify app also integrates <\/span>repricing tools<\/span><\/a> to help <\/span>sellers <\/span>adjust listing prices dynamically based on market dynamics. Thus, giving <\/span>Amazon sellers<\/span> a competitive edge when it comes to product pricing.\u00a0<\/span><\/p>\n

Shipment Preparation: <\/b>Amazon sellers<\/span> can also prepare <\/span>shipments <\/span>effortlessly using Stratify, which aids in generating shipping labels, including options for<\/span> 2D barcodes<\/span><\/a>.<\/span><\/p>\n

Accounting <\/b>and Analytics: <\/b>Sellers <\/span>gain access to crucial <\/span>accounting <\/span>data, providing valuable insights into your financial performance.<\/span><\/p>\n

In summary, InventoryLab’s Stratify <\/span>app <\/span>is designed to streamline <\/span>inventory management<\/span> and help <\/span>Amazon sellers<\/span> maximize their profits by providing detailed insights and analysis.\u00a0<\/span><\/p>\n

What is Scoutify?<\/b><\/h3>\n

InventoryLab <\/span>also has a mobile <\/span>app <\/span>that is designed mainly for Amazon resellers. Those who want to engage in Amazon retail arbitrage can use the Scoutify <\/span>app<\/span>. Scoutify is designed specifically for scouting products and can be used in conjunction with InventoryLab’s other tools, like Stratify. Utilizing this <\/span>phone <\/span>scouting application, <\/span>Amazon sellers<\/span> can:<\/span><\/p>\n

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  • Scan the barcode of products using their smartphone’s camera.<\/span><\/li>\n
  • Assess the potential profitability of each item.<\/span><\/li>\n
  • Verify if they face any restrictions on selling an item.<\/span><\/li>\n
  • Gauge the competition by checking the number of other offers on the item.<\/span><\/li>\n
  • Review both past and current <\/span>sales <\/span>and purchase history of the item.<\/span><\/li>\n<\/ul>\n

    To help you maximize the functionalities of Scoutify, below is an overview of how you can use the scouting <\/span>app<\/span>.\u00a0<\/span><\/p>\n

     <\/p>\n