Ultimate Guide to Track Products
Do you sell products on Amazon? If so, it’s important to know how much inventory you have at any given time. Otherwise, you might end up running out of stock and losing potential sales! This blog post will teach you everything there is to know about the Amazon Inventory Tracker – how it works, why it’s necessary for your business, and what other tools are available that can help optimize your product management process.
The first thing to understand about Amazon is that it’s a marketplace – meaning, they don’t manufacture or sell any of their own products. Instead, merchants like you and me list our products on the site (which we call “selling on Amazon”), and buyers purchase those items from us directly.
This means there are two sides to work with: first, your merchant central account where all of your product data lives; second, the actual selling channel which people buy from when purchasing from you. In order to efficiently manage this process without running out of stock prematurely before replenishing orders- as well as being able to effectively forecast future sales volumes- knowing how many units remain in your inventory at any given time is critical for keeping up with demand!
Inventory management is also important for Amazon sellers because they have a monthly inventory storage fee of $0.45 per cubic foot, which can quickly add up to hundreds or even thousands in lost profits if your product isn’t selling! At the same time, running out of inventory and missing sales puts you at risk of being suspended by Amazon – something no seller wants to deal with .
The key thing about managing inventory on Amazon is that there are two types: restockable products (which need to be purchased from somewhere else first) and non-restockable items (like consumables). For these later items, it’s okay if you run out before reordering more units since they’re not required to come back into stock immediately.