You participate in the FBA program for a number of reasons.
Yes, the allure of winning the Buy Box and capturing Prime member sales are notable. Beyond that, you also leverage the FBA platform in hopes of creating scalability in your business. Amazon.com, Inc. (“Amazon”) offers the world’s most streamlined eCommerce distribution network, and you’re positioned to capitalize.
Despite the many benefits of being an FBA seller, there are still some important decisions that only you can make. One of them, restocking, can make or break the profitability of your business. If you’re relying on spreadsheets to run the calculations, you’re missing out.
In this post, we’ll share several benefits of automating your FBA restocking (with RestockPro).
1. Integrated Data
Profitable restocking decisions are based on reliable data.
Sure, spreadsheets allow you to crunch the numbers in a familiar format. The downside, of course, is that within minutes, your information starts to become outdated. With each passing hour, new orders roll in, supplier shipments arrive, and FBA warehouses update their records. It’s quite possible that within a day of creating your spreadsheet, circumstances have changed enough to render your analysis completely useless.
Compare this model to using RestockPro, our inventory management software for FBA merchants. RestockPro pulls in up-to-date order and inventory from your Amazon store. When you sign up for an account, RestockPro guides you through the MWS synchronization process. After that, you’ll never have to worry about out-of-date information, as RestockPro refreshes multiple times per day.
2. Historical Perspective
Knowing what to restock depends on more than a gut feeling. In fact, the most advanced sellers rely on highly technical, SKU-specific formulas to make restocking decisions. A major factor in any restocking formula is historical sales data. If you’re relying on native Seller Central reports, this type of information can be difficult to make sense of – and nearly impossible to synthesize at the SKU level.
RestockPro’s integrated platform monitors your historical sales trends for an item and adjusts restocking suggestions accordingly (based on your velocity preferences, which are discussed in the next section). In addition, at any time you can review your sales figures for the past:
- 3-Month Period
- 6-Month Period
Instead of trying to manually export and analyze product-level sales data, RestockPro presents you with the exact historical information you need to make an informed decision.
3. Rule Automation
Think of RestockPro as your personal assistant who never forgets how you like to do things—especially when it comes to restocking.
RestockPro will save your preferred settings for a number of important criteria, including:
- Restock model – how you replenish each of your products
- Lead time – the amount of time it takes for inventory to arrive based on the restock model
- Current inventory – the classifications of inbound inventory that you wish to count as current inventory
Once you’ve defined these rules, RestockPro gets to work looking for SKUs that you may be running low on. The net result is an intuitive, prioritized list of restocking suggestions for your attention. Now you can spend your time doing more value-added activities, instead of trying to figure out what to restock.
Automate Your FBA Restocking
Ready to give automated FBA restocking a try? Consider signing up for a free 14-day trial of RestockPro. In a matter of minutes, RestockPro will import your FBA inventory data, capture your restocking preferences and identify a restocking action plan customized for your needs. No more spreadsheets or Seller Central exports.
Try RestockPro today for free.
Free 14-Day Trial