Inventory Lab Review: Is It Worth The Money?
Forget about the hassle of creating shipments in Seller Central—IL lets you list items, accept shipping charges, and print labels right there. If you’re thinking of switching to IL, moving your data over is simple. Before you purchase any of the plans from Inventory Lab, you must be aware that there is a trial period of 30 days to enjoy all the services for free.
Make Data-Driven Decisions
Jim Pickins has a really interesting review on his blog and a YouTube video detailing his experience with the software. Some say their support has also gotten slower over the years, but I’m yet to verify that. Although, I’m not very happy that they once boasted “same day support” and have now blasted that claim off the face of the Earth. It doesn’t have to be same day but that sort of guarantee definitely made me feel more confident about their support’s responsiveness. In this tab, you can select your desired period and it literally sums up ALL incoming and outgoing money to and from your business and presents them in a clean, color-coded table. This report is extremely useful because it allows you to see everything from a bird’s eye view.
- In this way, you can easily decide Inventory Lab Review what things are correctly working and what needs to be improved.
- I also feel IL has more accounting and reporting features, but AccerList’s reports and accounting sections look cosmetically better and don’t seem to lack any of the basics.
- This tool gives you real-time stock updates, low stock alerts, reordering suggestions, and many other valuable features.
- It is possible to send and open the buy list in Inventory Lab.
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With the help of this application, you can scan the product’s barcode to get the entire information about it. You will see all the ASIN’s existing offers, the sales rank, and the net profit breakdown of both MFN and FBA. It is possible to preset the shipping fee of the web service of the Inventory Lab. Even if you are an expert in code-cracking, then looking for the inventory in Seller in the ASIN’s long list is asset in accounting • asset turnover ratio quite difficult.
Save Time, Boost Profits
The size tier is helpful because it may affect how the shipment is prepped before sending it to FBA. The most interesting options in this section lie in the right-hand column, though. On the hand-right side, there’s an adjusting entry for interest on capital calculation and example interesting pie chart that lays out all your monthly expenses.
The main aim of the Inventory Lab is to create batches so that the added ASINs stay together. The sellers can make strategic decisions regarding their business after understanding it how to eliminate small business debt in 7 simple steps properly. The Scoutify app can also help you print a label and attach it to an item as you list it.
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Finally, FBA shipment status and the Velocity Report update every 24 hours. Just take note that the initial sync may take up to 12 hours after the first login. I also feel IL has more accounting and reporting features, but AccerList’s reports and accounting sections look cosmetically better and don’t seem to lack any of the basics. They will then automatically reflect in all your other reports.
On the left side, you have a sales vs profit chart basically comparing revenue to profit after subtracting expenses. In this blog post, we’ll take a comprehensive look inside Inventory Lab’s Stratify (as well as a quick tour of their mobile app, Scoutify). We’ll explore each section of their web interface and lay out the features. Finally, we’ll summarize the review and quickly evaluate competing solutions. Your subscription covers everything—InventoryLab, Scoutify, ScoutX, and for an extra $25 a month, you can also get our Insights add-on for smarter restocking. Suppose you have all the information about the products you have brought in Scoutify 2 shopping.