{"id":3544,"date":"2014-08-15T14:06:32","date_gmt":"2014-08-15T13:06:32","guid":{"rendered":"http:\/\/www.repricerexpress.com\/?p=3544"},"modified":"2024-12-16T13:47:31","modified_gmt":"2024-12-16T13:47:31","slug":"managing-your-inventory-system-for-amazon","status":"publish","type":"post","link":"https:\/\/www.repricerexpress.com\/managing-your-inventory-system-for-amazon\/","title":{"rendered":"Managing Your Inventory System for Amazon"},"content":{"rendered":"

There are so many things to think of when it comes to your Amazon business\u00a0that keeping track of it all can make your head spin: good SEO, import and export regulations, customs rules, a top-notch product description page, and repricing regularly and consistently. There\u2019s another area that\u2019s not touched on so frequently, but is just as important \u2014 if not more so \u2014 than the others. If you don\u2019t have this key ingredient in place, then you have no solid foundation in place and risk everything else tumbling down. What is this magical base that\u2019s so crucial to the rest of your Amazon business? Your inventory, of course, and RepricerExpress<\/a> is here to show you why it\u2019s so vital.<\/strong><\/p>\n

Old Mother Hubbard Needs a Full Cupboard<\/h2>\n

Everyone knows the nursery rhyme about Old Mother Hubbard going to the cupboard to get her dog a bone, except it was empty and the dog had to go without. What she did was go off to the baker\u2019s, undertaker\u2019s, alehouse, tavern and more, just to feed her dog. He loved it, too, and lived like a little king of a dog.<\/p>\n

Your customers will be just like Old Mother Hubbard, if you think of her cupboard as your empty Amazon page. Don\u2019t have the metaphorical bread, wine and beer? Your competitors will, and your buyers will go there to stock up.<\/p>\n

Why is Inventory So Important?<\/h2>\n

So far, we\u2019ve covered the intangible fact that having a full inventory is key to getting buyers to come back to your store front, as opposed to hopping off for a competitor\u2019s. That in itself is a great reason, as customer retention should always be at the top of every merchant\u2019s list. Without your buyers, you\u2019ve got no business.<\/p>\n

But what about what it\u2019s worth to you? It\u2019s awesome to be so focused on doing everything in your power to keep buyers on your<\/em> Amazon listings, but that\u2019s not enough. There\u2019ll be tough days when the fish just aren\u2019t biting, and you\u2019ll need something else to motivate you to stay out on the water.<\/p>\n

Inventory is usually online merchants\u2019 largest asset, comprising anywhere from 60% to 80% of their total current assets. That\u2019s a huge number, and definitely one to get strongly motivated about when it comes to keeping it in fine shape. It then becomes a very tricky balance about keeping the right amount of inventory: have too little, and risk your customers searching for a product elsewhere; have too much, and you\u2019re possibly stuck with product on your hands that you can\u2019t move. And product you can\u2019t move means no profit in sales, just money you spent on items that aren\u2019t being sold.<\/p>\n

Designing an Efficient Inventory System for Amazon<\/h2>\n

What you need for your Amazon business\u00a0is a way to create an inventory system that keeps enough stock on hand that you won\u2019t run out, has enough that you can deal with surprise orders quickly and efficiently, and not too much that you\u2019re left with an unwanted collection of Beanie Babies.<\/p>\n

When creating this system, keep these four points in mind:<\/p>\n