Inventory forecasting is a tricky balance. The last thing you want to happen for a successful product on Amazon is to run out of inventory. But knowing when to reorder is an art in itself.
The time it takes to manufacture, ship, and prepare can take months, and if your products sell out, then you can lose the buy box. Your sales rank will drop as well. On the flip side, if you send in too much, then you’ll be stuck paying higher storage fees.
Timing is everything when it comes to inventory, and if you can manage to balance sales with supplies, then you’ll be able to maintain sales velocity and profits.
Below, we’ve gathered 5 Amazon inventory forecasting software that can help your business. Most offer a free trial so that you can try them out.
SellerZen is not affiliated with any of these services, nor does SellerZen endorse any of these services. We’ve created this list only for informational purposes, so do your own due diligence before you sign up with any services listed in this article.
Cash Cow Pro is an analytics platform that provides other services as well as inventory management. Although it’s not dedicated to forecasting, the price is competitive for the features it offers.
Some other features this service includes are sending unlimited emails, keyword tracking, and sales data.
If the name sounds familiar, then it’s because Jungle Scout interviewed the CEO. This service focuses only on inventory forecasting, and their pricing is a tiered system based on the number of orders per month.
ForecastRx is unique in that it integrates with both QuickBooks and Amazon to provide a more accurate forecast of your inventory. For sellers using QuickBooks for their accounting, then this service may be one to use.
Like Cash Cow Pro, Managebystats is a suite of tools for Amazon sellers. Managebystats provides other services in addition to inventory forecasting analytics.
This service allows you to look at your sales history for products. One feature that sets this service apart is the ability to view customer lists.
Restock Pro is from by the same people who are behind Feedback Five. This service is solely inventory management, and it has features that track your suppliers as well.
Each business is different. What works for one Amazon seller won’t work for another because of the different requirements in each category. The only way to know what works best for you is to try out the service. Most new sellers are only handling a handful of ASINs, but once you start selling hundreds or thousands of ASINs, then manually going through each one is a full-time job. But in our eyes, that’s a good problem to have.
Interested in more? Look through our list of Amazon tools.