When you click on Inventory, the tool displays everything, including total SKUs, total items in stock, total buy cost, and other important things FBA sellers need to know. Some sellers have numerous products added to the database, and that’s why Inventory Lab is a helpful tool. When you add the products to the net interest income definition database using Inventory Lab, the software creates barcodes for them. Every product has a different barcode, which is helpful in managing the products. But Inventory Lab has simplified the inventory management process to a great extent. Inventory Lab has two ways for adding the inventory to your system.

• Please take note though that this unofficial group is not affiliated with InventoryLab.
• There are several aspects of the business that you will have to take care of yourself.
• For example, a while back I saw in my monthly report that my units sold and ROI for Tactical Arbitrage were not what I would prefer.

However, previously set cost data within Seller Snap will be overwritten, favoring the values users set on InventoryLab. BloggingEclipse is an Award-winning blog devoted to Affiliate Marketing, blogging, and SEO. You will find content around digital marketing, case studies, guides to kick-start your online business. The current cost of the Scoutify App is $49 per month or $480 annually. Also, Scoutify 2 comes with a paid subscription to Inventory Lab. Inventory Lab recommends you allow hours for all the data to get synchronized within your InventoryLab account.

See why InventoryLab is the standard for Amazon sellers.

In March 2018, InventoryLab’s Facebook support group and community was shut down, so, unfortunately, there is no longer an official online venue for InventoryLab users to network. On the bright side, InventoryLab will continue to offer support to its users via email. Also, there is a small, unofficial Facebook support group composed of 1.1K users created to continue the purpose of the support group that was shut down.

• There is no clutter in the Research menu, so it’s easy to understand and use.
• You can easily access Stratify once you successfully log in to Inventory Lab.
• If you have any additional income or expense that’s not automatically tracked through IL’s connection to Seller Central, you can easily add it in these sections.
• Trial users get passage to FBA and Merchant Fulfilled Sales data for 60 days.
• Also, the product database which ScanPower has is about 500 million items that are frequently updated.
• Also, there is a small, unofficial Facebook support group composed of 1.1K users created to continue the purpose of the support group that was shut down.

You can read the product chart to understand the prices, ranks, and other details in a better way. With Inventory Lab, sellers can print barcodes in a batch, and this is an amazing feature. Furthermore, the tool lets you know the item’s current rank, size tier, category, and more. This post rounds up everything you need to know about Inventory Lab. From the features to pricing, and pros/cons this article has everything you need to decide if Inventory Lab is a useful tool.

InventoryLab Review: Dashboard

Accelerlist preloads this graph right in the listing page for every product you scan, which lets you check for product seasonality with a quick glance. Because of the batch shipping, inventory is spread to less fulfillment centers. The default selection will be for the last month, but you can click Advanced Search to choose more date range options. You can choose within the last 1, 3, or 6 months or the entire date range since you started tracking. You can also choose a specific date range from a drop down calendar.

🚀 Is Inventory lab Good for accounting?

With the help of Stratify and the Scoutify app, InventoryLab will streamline your daily operational tasks. Here’s how these two solutions help the software be a necessity. I tried their live chat support and it took less than a minute to get their response.

What Is Inventory Lab?

Accelerlist is not better in every single way ‒ it just performs the most important task (listing) faster. If you sort your books by condition ahead of time, you can work through a pile of inventory extremely quickly as you won’t need to manually enter the condition and condition notes for each individual item. Accelerlist costs $34 per month, while InventoryLab costs $49 per month.

Inventory Lav Vs. Jungle Scout

That is priceless data because it’s not just about “oh yeah, great, I’m profitable this month! You also require to enter a supplier name once; Scoutify can add it to each item on your buy list. Once your RA sourcing is done, email the file and use it to upload the items to Inventory Lab in a blink. For most sellers, Accelerlist is the smarter option for listing software. Most sellers I know use Dymo printers (which both Accelerlist and InventoryLab support), but they also support printers from Zebra Technologies. I don’t have any experience with Zebra printers, but both pieces of software support them if you have one.

This sourcing app shows competitor prices too, which can also be seen during the listing process within Inventory Lab. I also don’t rush to cancel a subscription if I think that I’m the problem rather than the service. For example, a while back I saw in my monthly report that my units sold and ROI for Tactical Arbitrage were not what I would prefer. A quick look back over my schedule for the previous weeks reminded me that I hadn’t been spending the same amount of time using Tactical Arbitrage each day as I had in the past. If I’m not prioritizing my time to use the product as often as I should and actually send in items I sourced with it, the problem is me, not the product. So I made some adjustments to my schedule, made more time each day to use Tactical Arbitrage and the numbers the following month were back up where I wanted them.

Or, cutting the categories/verticals/niches that aren’t performing well. As the name suggests, the supplier profitability report lets you see how profitable you were on the “supplier” level. By clicking on any of the up and down arrows on any of the columns, you can sort all data by this column ascendingly or descendingly. As mentioned earlier, the listing section is one of the most prominent features of IL.