There is an expiry date for groceries and other products which need to be sold before that date. You can add the expiry date in the listing process to set the lifetime of the inventory. InventoryLab offers comprehensive support resources to guide users in setting up their accounts and getting started with the platform. We also offer free Customer Coaching (CuCo) sessions that help both beginners and pro sellers get the most out of the software.
Easy Amazon Financials
You will get notifications to either remove or merge all the duplicates. In this way, there will be no duplicates in your product list. You can invite as many team members or users as you need to collaborate seamlessly within InventoryLab. Grant access to your bookkeeper, prep center, or other people helping you run your business. A new kid on the block is getting a lot of attention recently, and that’s AccelerList.
Get Information About Your Business In a Few Seconds with Analytic Reports From Inventory Lab
You can access Scoutify and Stratify to check the details of the inventory, printed labels, and listed products. If Inventory Lab reviews are not enough for you, you can use the 30-day free trial with access to all their features. If you choose a paid plan, you can access the same data beyond 60 days at no extra cost. They say the reason InventoryLab came to life was how to become a bookkeeper after they were having a hard time tracking their expenses and accounting through complex spreadsheets. A year later they created InventoryLab to help with inventory management while having built-in expense tracking.
- There is a web app of Inventory Lab, also known as Stratify.
- It is necessary to know which supplier is profitable for your business.
- Suppose you have all the information about the products you have brought in Scoutify 2 shopping.
- It is possible to research the product by typing a keyword.
- Even if you are an expert in code-cracking, then looking for the inventory in Seller in the ASIN’s long list is quite difficult.
- The inventory automation tools help prevent stockouts and overstock situations, ensuring you always have the right amount of inventory.
Determine the Right Prep Way
We started with the “high level” profitability report, now you can drill down to the SKU level. Say category profitability indicates that “Video Games” are the most profitable category, but what if that wasn’t entirely accurate? Maybe a single game did exceptionally well and boosted the whole category’s performance. As the screenshot illustrates, this section shows you things like the total in-stock items, total SKUs, total buy cost of items currently in stock and total in-stock sales value. The view also shows you a neat table containing info about all your SKUs. Right under the listing title, you can see its sales rank, category and size tier.
Inventory Management
The usefulness of this section comes in determining how much money you currently have tied up in stock as well as the potential revenue generated if all current stock sells at your designated price. Stop struggling over pages and pages what is the abbreviation for million of reports you don’t understand. Insights gives you deep-dive data so you always know where you’re at. At TheMarketerSoftware, we provide a comprehensive review of the most popular software. Personalised recommendations are furnished to help marketeers make an informed choice.
This makes it easier to make strategic decisions, especially with comprehensive reports showing which products are the most profitable. Scoutify is a mobile app that allows you to analyze potential inventory directly from your phone, which is excellent for retail arbitrage work with sox reports sellers. It gives you a quick overview of the potential profitability of items and has a built-in barcode scanner, which you don’t have to pay for separately. Its features include font size adjustment, matching Buy Box prices, a history tab, and Seller Central integration.
It is possible to send and open the buy list in Inventory Lab. You can do different tasks at the same time in your inventory if the fields are automatically matched. When you upload the Buy list, you will include the cost and link it to the supplier. After logging the unit, you can modify the item’s price with the help of an ROI calculator and net profit. Yes, InventoryLab integrates with SmartRepricer for fast, automated repricing. Additionally, IL connects with Zapier to automate tasks such as expense tracking and product data syncs across platforms like Shopify, eBay, QuickBooks, and more.