Originally published on February 4, 2017, updated December 22, 2022
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We’ve all heard the old saying, “Profit is made when you buy - not when you sell.”
Looking past the corny one-liner, this statement certainly still holds true for eCommerce sellers. In a hyper-competitive Amazon marketplace, where FBA merchants often battle dozens of competitors for the Buy Box, every penny of profit counts.
Unfortunately, for many sellers, the restocking process is nothing short of organized chaos. With dozens or even thousands of SKUs to keep straight, simply avoiding out-of-stock status is an achievement.
With RestockPro, you can accelerate your restocking process, allowing you more time to evaluate the potential profitability of your decisions. In this post, we’ll share a few reasons why you need our automated FBA restocking tool for your business.
“Where is that spreadsheet with all of my suppliers?”
Sound familiar? If your current FBA restocking process involves a lot of number crunching, keeping everything organized can seem impossible. A pivot table here, an online calculator there - simply remembering your own business rules can be challenging.
RestockPro organizes your suppliers, settings, and restocking rules into a centralized hub. Everything is secure in your RestockPro virtual store, where no one else can access your trade secrets.
RestockPro tracks your preferences relating to:
Suppliers: One central spot to track supplier names, addresses, lead times, target order quantities, and more. You can even keep a friendly personal note to include on each PO...that will really help build a great relationship between you and your suppliers.
Products: Most of the product settings are automatically synchronized from Amazon, but you may also attach notes, tags, product fees, prep details, supplier settings, and other information to better track your growing list of FBA SKUs.
Restock Preferences: Specific rules that help RestockPro forecast your suggested shipments and determine how best to replenish your items.
Other Settings: Define how you want your PO to look and customize other details. Ensure RestockPro's dashboards show the figures that are important to you.
You’ll find great peace knowing that all of these FBA details are kept in one spot. No more hunting down spreadsheets or trying to keep different sources of data in sync.
RestockPro also captures your margin and cost assumptions, which is an integral component in generating your profitability calculation. Once updated, RestockPro can begin to “think” the way you would, seamlessly considering both restocking and profitability parameters for everything you sell.
As your inventory data flows in, RestockPro gets to work and looks for any SKUs in need of attention. Our software applies all of your rules and presents a to-do style experience.
You’ll want to start by resolving any red flags that you see. These products have fallen below your target quantity-on-hand rule. Next, consider moving on to yellow-flagged items, which are projected to soon fall below your minimum quantity.
Of course, it would be unwise to blindly reorder SKUs simply because you stocked them in the past. Buy Box prices, item popularity, competitive forces, and supplier costs change dynamically. RestockPro has you covered here, too. When working through your restocking suggestions, you can choose to display the information you need to make informed business decisions. Within seconds, you can determine if Amazon is a seller, how many FBA sellers are competing, and the potential profit you could expect to earn from a reorder.
Still not convinced automated FBA restocking is right for you? Let's break down the benefits of automated FBA restocking a bit more.
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. On the contrary, RestockPro pulls in up-to-date order and inventory from your Amazon store and refreshes multiple times per day.
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 In addition, at any time you can review your sales figures for the past:
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:
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.
If you're tired of manual restocking inefficiencies, it's time that you tried RestockPro. Shortly after using the tool, you'll begin to experience the productivity levels that you've always dreamed of.
In fact, we often receive rave reviews from customers, such as the following from Isaac Steimle: "We use RestockPro every day to help determine what should be shipped to FBA to replenish inventory. It is indispensable and saves us several man-hours every day."
Ready to make RestockPro an indispensable part of your FBA business? Sign up today and leverage the power of FBA restocking automation!
Originally published on February 4, 2017, updated December 22, 2022
This post is accurate as of the date of publication. Some features and information may have changed due to product updates or Amazon policy changes.
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