Inventory Lab Review

Are you tired of drowning in a sea of inventory, struggling to keep your Amazon business afloat? Well, fear not, because Inventory Lab is here to rescue you!

This handy third-party software is like a trusty lifeboat, designed to help you navigate the treacherous waters of online selling. With Inventory Lab, you can bid farewell to the days of manual inventory management and say hello to streamlined processes and increased efficiency.

Inventory Lab’s Stratify solution can help make your life easier. From product listing workflow to FBA shipment creation, this software has it all.

And let’s not forget about Scoutify (now Scoutify 2), the handy sourcing app that helps you make quick buying decisions. With Inventory Lab by your side, you’ll be able to sail smoothly through the world of Amazon selling, saving time and money along the way.

So hop aboard and let the adventure begin!

Key Takeaways

• Inventory Lab is a third-party inventory management software designed specifically for Amazon sellers.
• It offers a range of features including streamlined product listing, FBA shipment creation, and bookkeeping tools for managing business expenses, sales, and profits.
• The software includes Scoutify, a sourcing app that provides essential information about pricing, competition, and item details.
• Inventory Lab can be accessed through both a desktop version and a mobile app, making it convenient for sellers to manage their business on the go.

What is Inventory Lab?

Inventory Lab is a robust software tool that enhances the workflow of Amazon sellers. It provides them with the ability to easily list products, manage inventory, track expenses and profits, and make informed buying decisions.

Whether you are a full-time Amazon seller or just starting out, Inventory Lab offers a range of features that can save you time and money.

With Inventory Lab, you can streamline the listing process by using the Stratify tool to quickly list products and create FBA shipments. It also offers a barcode scanner, called Scoutify, which allows for easy scanning of items and provides essential information about pricing, competition, and item details.

Inventory Lab also simplifies expense and income tracking, eliminating the frustrations of manual profit and loss calculation. It tracks buy and sale prices, shipping costs, and other expenses, making it easier for you to stay organized and prepare for tax season.

Additionally, Inventory Lab offers comprehensive reports for product, supplier, and category profitability, giving you valuable insights for making data-driven purchasing decisions.

With a 30-day free trial, Inventory Lab is a must-have tool for Amazon sellers looking to streamline their business operations and increase their profitability.

Inventory Lab Features

Discover an incredible array of features that will blow your mind and revolutionize your Amazon FBA business management experience with this game-changing software.

• Inventory Lab offers a desktop version and an app for sourcing inventory and creating buy lists.
• It provides a history tab that shows checked items, allowing you to keep track of previous purchases and sales.
• The integration with Seller Central provides specific information, eliminating the need to go back and forth between different apps.

With Inventory Lab, you can also:

• Adjust the font size and match buy box prices to ensure a seamless user experience.
• Use custom ASIN shortcuts to access additional research tools for more in-depth analysis.
• Estimate profitability by taking into account shipping rates, sales tax, and discounts.

Imagine effortlessly scanning items and adding them to your buy list, setting the supplier and condition for each item. You can easily check the profitability breakdown for fees and conduct research using popular platforms like Camel Camel Camel, eBay, and Google. The software even helps you identify any restrictions on selling conditions.

Whether you’re a seasoned Amazon seller or just starting out, Inventory Lab will simplify your inventory processing and shipment management, saving you time and boosting your productivity. So why wait? Try Inventory Lab today and take your FBA business to new heights!

What is Scoutify 2?

Scoutify 2 is the ultimate sourcing assistant that transforms your smartphone into a treasure-hunting tool. It guides you through aisles of potential profit with its intuitive interface and real-time data.

With Scoutify 2, you can easily scan items and add them to your buy list with just a few taps. The app allows you to set the supplier and condition for each item, and the history tab shows you previous purchases and sales for quick reference.

One of the key features of Scoutify 2 is its integration with Seller Central, providing you with specific information about each item. It saves you the hassle of going back and forth between apps by checking for any restrictions on selling conditions.

The app also offers enhancements such as setting ROI and sales rank thresholds, allowing you to make informed buying decisions. It provides a profitability estimation feature that takes into account factors like shipping rate, sales tax, and discounts. This allows you to quickly assess the potential profitability of an item before making a purchase.

Scoutify 2 also offers research options, including Camel Camel Camel, eBay, and Google, to further assist you in making informed sourcing decisions.

With its user-friendly interface and powerful features, Scoutify 2 is a must-have tool for any Amazon seller looking to streamline their inventory sourcing process and maximize their profits.

Scoutify 2 Features

Scoutify 2, with its seamless integration with Seller Central, provides Amazon sellers with specific information about each item. This streamlines the sourcing process and allows for informed buying decisions. This powerful tool offers a range of features that enhance the efficiency and profitability of Amazon selling. Here are four key features of Scoutify 2:

• Font size adjustment: Customize the font size to ensure optimal readability and ease of use.
• Matching buy box prices: Easily compare the current buy box price with your desired profit margin to make informed pricing decisions.
• History tab: Keep track of previously checked items, allowing you to easily reference past purchases and sales.
• Seller Central integration: Access important details such as Amazon restrictions, helping you avoid going back and forth between apps.

These features enable sellers to quickly assess the profitability of items, evaluate competition, and make smart sourcing decisions. By providing valuable information at your fingertips, Scoutify 2 saves time and effort, allowing you to focus on sourcing profitable inventory and growing your Amazon business.

Using Inventory Lab for Inventory Management

By utilizing Inventory Lab’s robust features, you can effectively manage your inventory, streamline the listing process, and track your progress on Amazon, ultimately optimizing your online business.

With Inventory Lab, you have access to an app for sourcing inventory and creating buy lists, as well as a desktop version for listing products, sending shipments, and tracking your progress.

When it comes to inventory management, you can easily download your buy lists and import them into Inventory Lab. From there, you can create a new batch for shipments to Amazon, customize shipping details and packaging type, and choose FBA as the channel for shipping.

Inventory Lab also allows you to set labeling preferences, provide box contents, and set minimum and maximum preferences. Additionally, you can choose the shipping method as SPD or LTL.

Once your batch is validated with Amazon and any issues are resolved, you can review the batch details and calculate ROI. You can add items manually or replenish inventory, merge duplicate items, and validate the batch with Amazon again.

Finally, you can submit the batch, create shipments, and sync the information with Amazon. This comprehensive inventory management process ensures that you have complete control over your inventory and can efficiently move your products on Amazon.

Analyzing Profitability and ROI

Boost your profits and gain valuable insights by diving into the profitability and ROI analysis offered by Inventory Lab. With Inventory Lab, you can easily analyze the profitability of your products, suppliers, and categories.

The robust reporting feature provides comprehensive reports that measure profitability by category, ASIN, or SKU. This allows you to identify which products are generating the most profit and make data-driven decisions for your business.

Inventory Lab also tracks expenses, income, and financial transactions, making it easy for you to calculate your ROI. By tracking buy and sale prices, shipping costs, and other expenses, Inventory Lab provides an accurate picture of your net income. This eliminates the frustration of manually calculating your profit and loss.

Additionally, Inventory Lab automatically adds sales tax into your reports, simplifying your tax preparation process. The organized information provided by Inventory Lab makes it easy to find receipts and expenses during tax season, saving you time and stress.

Take advantage of the powerful profitability and ROI analysis features offered by Inventory Lab to optimize your business and maximize your profits. Start your 30-day free trial today and experience the benefits for yourself.

Integrating with E-commerce Platforms

Integrating Inventory Lab with popular e-commerce platforms like Amazon and Shopify allows you to seamlessly manage your online business and maximize your selling potential. By connecting Inventory Lab with these platforms, you gain access to a range of powerful features and benefits.

When integrating with Amazon, Inventory Lab enables you to easily import your buy lists and create batches for shipment management. You can customize shipping details, set labeling preferences, and choose the most suitable shipping method. Inventory Lab also validates your batch with Amazon to check for any restrictions, ensuring a smooth and efficient process.

For Shopify users, Inventory Lab provides an effortless way to track your inventory, sales, and profits. You can sync your Shopify store with Inventory Lab, allowing you to view real-time stock levels and make adjustments accordingly. This integration streamlines your inventory management, saving you time and reducing the risk of over or understocking.

Additionally, Inventory Lab offers comprehensive reporting and accounting capabilities, giving you valuable insights into your business’s performance. With accurate and up-to-date data, you can make informed decisions and optimize your selling strategies.

Integrating Inventory Lab with e-commerce platforms is a game-changer for online sellers. It simplifies inventory management, enhances workflow efficiency, and helps you stay on top of your finances.

Don’t miss out on the benefits of integrating Inventory Lab with Amazon and Shopify to take your online business to new heights.

Monitoring Stock Levels and Reordering

Keep a close eye on your inventory levels and easily reorder stock to ensure you never run out of popular items. Inventory Lab provides a convenient solution for monitoring and managing your stock levels. Here are some key features that allow you to stay on top of your inventory:

• Real-time stock updates: Inventory Lab keeps track of your inventory levels in real-time, so you always know how much stock you have on hand.
• Low stock alerts: Set up alerts to notify you when your stock levels reach a certain threshold. This helps you stay proactive and ensures you have enough inventory to meet customer demand.
• Reordering suggestions: Based on your sales history and stock levels, Inventory Lab can provide recommendations on when to reorder certain items. This helps you avoid stockouts and maintain a steady supply of popular products.
• Easy reordering process: With Inventory Lab, reordering stock is a breeze. Simply select the items you need to reorder, choose your suppliers, and generate purchase orders with just a few clicks.
• Integration with suppliers: Inventory Lab seamlessly integrates with suppliers, making it easy to order stock directly from within the platform. This saves you time and eliminates the need for manual data entry.

By utilizing these inventory management features, you can ensure that you always have the right amount of stock on hand to meet customer demand and maximize your sales potential.

Streamlining Shipping and Fulfillment

By streamlining the shipping and fulfillment process, Inventory Lab ensures that your orders sail smoothly to your customers, leaving you with a weight lifted off your shoulders. With Inventory Lab, you can easily manage your shipments and ensure they meet all the necessary requirements.

When using Inventory Lab for shipment management, you can download your buy lists and import them into the platform. From there, you can create a new batch for your shipments to Amazon. You have the flexibility to customize shipping details and packaging types according to your preferences. You can choose FBA as the channel for shipping and select the private workflow type to streamline the process.

Inventory Lab also allows you to set labeling preferences and provide box contents, ensuring that your shipments are properly labeled and organized. You can set minimum and maximum preferences for each batch, which helps you manage your inventory effectively. Additionally, you can choose the shipping method as either SPD or LTL, depending on your specific needs.

Before finalizing your shipment, Inventory Lab allows you to validate the batch and resolve any issues that may arise. You can also validate the batch with Amazon to check for any restrictions or limitations. Once everything is in order, you can submit the batch and create your shipments. Inventory Lab syncs the information with Amazon, making it easy to track and manage your proposed shipments to different fulfillment centers.

Overall, Inventory Lab simplifies the shipping and fulfillment process, allowing you to focus on growing your business and providing excellent customer service.

Enhancing Customer Service and Satisfaction

Improve your customers’ experience and keep them satisfied with the enhanced customer service features of Inventory Lab. By utilizing these features, you can ensure that your customers feel valued and supported throughout their purchasing journey. Here are four ways Inventory Lab enhances customer service:

• Prompt and accurate order fulfillment: Inventory Lab streamlines the shipping and fulfillment process, allowing you to quickly and accurately fulfill customer orders. This means your customers will receive their purchases in a timely manner, resulting in increased satisfaction and positive feedback.
• Real-time inventory management: With Inventory Lab, you can easily track your inventory levels in real-time. This ensures that you always have the products your customers want in stock, minimizing the risk of backorders or delays in fulfillment.
• Efficient returns management: Inventory Lab provides tools to help you efficiently manage returns. You can easily process returns, track inventory adjustments, and issue refunds, all within the platform. This simplifies the returns process for both you and your customers, resulting in a smoother and more satisfactory experience.
• Comprehensive customer support: Inventory Lab offers comprehensive customer support to assist you in resolving any issues or answering any questions you or your customers may have. Their dedicated support team is available to provide timely and helpful assistance, ensuring that any customer concerns are addressed promptly and effectively.

By utilizing these enhanced customer service features, you can create a positive and satisfying experience for your customers, ultimately leading to increased loyalty and repeat business.

Increasing Efficiency and Productivity

Boost your productivity and streamline your operations with the efficiency-enhancing features of Inventory Lab. With Inventory Lab, you can save time and effort in managing your Amazon FBA inventory. The software allows you to easily list products, create FBA shipments, and track your progress all in one place.

One of the key features of Inventory Lab is its ability to help you source inventory efficiently. The app, Scoutify 2, allows you to scan items and add them to your buy list quickly. It also provides important information such as pricing, competition, and item details, helping you make informed buying decisions.

Inventory Lab also offers robust accounting capabilities, making it easier for you to organize your finances. The software tracks your business expenses, sales, and profits, and generates comprehensive reports on profitability, profit and loss, and sales tax.

Additionally, Inventory Lab can be synced with other services such as the BQool repricer, allowing you to automate and optimize your pricing strategies. It can also be accessed by third-party prep services, making it convenient for you to outsource your inventory preparation tasks.

By utilizing the features of Inventory Lab, you can increase your efficiency and productivity, ultimately helping you run a successful Amazon FBA business.

Inventory Lab Alternatives

Inventory Lab not the right fit for you? No worries, here are a few competitors you can check out!

1. SellerApp: SellerApp is a comprehensive Amazon seller tool that provides inventory management, keyword research, product tracking, and analytics. It offers features similar to InventoryLab and is popular among Amazon sellers.

2. ScanPower: ScanPower is another popular inventory management solution for Amazon sellers. It offers features like listing creation, product scouting, inventory tracking, and repricing. ScanPower provides a user-friendly interface and is known for its efficient scanning capabilities.

3. SellerActive: SellerActive is a multi-channel inventory management platform that supports selling on Amazon, eBay, Walmart, and other marketplaces. It offers features like listing management, inventory synchronization, order fulfillment, and pricing optimization. SellerActive is known for its integration capabilities and automation features.

Conclusion

In conclusion, InventoryLab serves as a comprehensive tool for various online sellers, particularly those using Amazon’s platform. It efficiently manages high-volume transactions, assists new online sellers, and provides detailed financial oversight.

Its robust features, positive reviews, and user-friendly interface make it a valuable asset for anyone looking to streamline their online selling process. However, it’s always recommended to utilize the trial period to determine if it aligns with your specific business needs.