InventoryLab Review 2024: Pros & Cons, User Reviews and More

By engaging in online arbitrage, you can diversify your product portfolio and explore different product categories to capture a wider customer base. On a larger scale, this report really helps you revenue definition and meaning see patterns of consistently performing and underperforming suppliers. You might want to monitor this section then login to Seller Central to see if any of those returns need to be checked for quality issues. Clicking on them leads you directly to the relevant product page on the respective website, saving you from having to copy/paste or manually type in anything. It makes checking out the product at several places at once just a click of a button away. You’re 8 hours in trying to find the right Pre-Season product.

Do I still need to use create shipments in Seller Central?

If you have any additional income or expense that’s not automatically tracked through IL’s connection tradeweb credit default swaps to Seller Central, you can easily add it in these sections. Right under the offers box, you can see the “price per unit” field. Now all you have to do here is to enter the cost price per unit. That’s the price you’re paying your supplier for this item, et voila! It is possible to check the analytics of the workflow to keep everything clear while doing your business.

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One standout feature of InventoryLab is its real-time cost tracking capability. Say goodbye to manual calculations—this software automatically tracks costs as you list items, making it easier than ever to understand your profits and losses. Plus, it generates detailed accounting reports, giving you a clear picture of your financial health.

1. It also lets you track expenses, view total in-stock values, and monitor sales.
2. When you research deeply into ASIN, you can divide the details of the breakdown page of ASIN into ROI and net profit.
3. There’s also an easy data export functionality that is directly accessible through the “Export” button right next to the date selection drop downs.
4. If you value your time, InventoryLab pays for itself each and every month.
5. Say category profitability indicates that “Video Games” are the most profitable category, but what if that wasn’t entirely accurate?

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.

Get 1-Month Free Amazon FBA Leads!

IL lets you list items, accept shipping charges, and print labels without having to go through Seller Central. It is possible to research the product by typing a keyword. You will get detailed information about the product, including the sales rank, and offer a count of the same category. When you research deeply into ASIN, you can divide the details of the breakdown page of ASIN into ROI and net profit.

Similarly to the supplier profitability report, you can use these how to build and analyze marketing reports insights to take action and experiment with sourcing more SKUs in the particular category that is showing great potential. 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 IL attempts to be a one-stop shop for all your accounting needs, this wouldn’t be complete without offering you a way to add custom income and expenses.

Product Details

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.

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 quite difficult.

It is possible to upload all the information, including sales tax and buying cost of the products, etc., on the list. When you get the software list in the software, you can quickly scan it by using a barcode scanner. Setting up IL is easy, with on-screen guidance provided when you first start using it. Plus, if you need extra help, personalized customer coaching is available.