Amazon Inventory Management
Allow Finale Inventory to easily track Amazon inventory stock levels so you can focus on the other aspects of your business.
Finale has the ability to manage your inventory from your Amazon orders from two common configurations. The first configuration allows for a direct connection between your Amazon marketplaces(s) and Finale. Amazon FBM (fulfilled by merchant) and Amazon FBA orders are automatically synced to Finale where it will make the proper stock adjustments.
With Amazon inventory management software, any quantity changes resulting from a stock operation (such as receiving a PO shipment or shipping out an order) will be updated to your Amazon listing within five minutes to prevent overselling.
If you are leveraging shipping integrations or Amazon shipping software for your fulfillment needs, Finale's Amazon inventory management solution allows for tight integration between the following:
- Your selling channels
- Your shipping platform
- Finale Inventory
Many eCommerce companies use ShipStation or ShippingEasy to accept orders from several marketplaces, including:
- eBay
- Company websites
If your company currently has this shipping process, you can add Finale to keep track of your stock on hand without changing anything about your existing shipping process.
Finale communicates with ShipStation behind the scenes to sync orders and keep track of inventory when orders are placed and shipped. Finale then automatically updates stock levels on your Amazon marketplace.
Why Do Sellers Need an Amazon Inventory Management System?
Sellers should utilize an Amazon inventory management system for many reasons. In addition to keeping track of every process from inventory to order fulfillment, a management system can do the following for your business:
- Reduce carrying costs: Businesses are always seeking ways to cut costs and free up warehouse space to boost profits. Businesses with Amazon order management systems can more accurately forecast product demand so they don't hold too much inventory at one time.
- Synchronize inventory: Synchronizing your inventory across all listings and sales channels is critical for your business and its operations. Synchronized inventory helps you make smarter purchasing decisions and better understand your current inventory.
- Optimize pricing and stock levels: With detailed insights into your inventory, you can make thoughtful decisions regarding how much stock your business needs to avoid stock outs or over-ordering. Amazon inventory management systems can also help your business price your products competitively.
How Finale Inventory's Amazon Integration Supports Your Business Processes
Finale Inventory's Amazon Integration allows your business to do the following:
Synchronize All Your Sales Channels
With Finale's Amazon warehouse management system, you can keep track of the following for all of your listings:
- Inventory levels
- Sales
- Orders
- Deliveries
Businesses need to manage their inventory across all of their channels. Without synchronization, it can be challenging to implement proper purchasing procedures and avoid inventory problems. This system simplifies your business's processes and gives you insight into your inventory whenever you need it.
Optimize Order Frequency
A business's profits can suffer from both having too much stock and not enough. Either of these scenarios can be costly and negatively impact your bottom line. It is incredibly important to know when and how much to order. Finale helps your business optimize order frequency so you always have the correct stock levels.
Minimize Errors and Administration Time
One of the greatest advantages of using Finale Inventory's Amazon inventory management software is spending less time on administrative tasks and more time focusing on your business.
Finale automatic features reduce mistakes and make identifying errors easier, helping keep your business operating smoothly.
Benefits Using Finale Inventory
There are many benefits to using Finale as your Amazon Inventory Management solution.
Amazon FBA Support. If you have some orders fulfilled by Amazon FBA, Finale will centralize your inventory to provide an immediate understanding of stock counts in your warehouse and FBA warehouse.
Amazon Local Selling Support: Increase your sales by incorporating Amazon Local Selling which allows sellers to list their products on the marketplace and offer them to customers in nearby locations for in-store pickup or fast local delivery. With Amazon Local Selling, you can expand your product offerings which could be a significant revenue driver. You can increase your product offering and offer a quicker convenience option for your customers.
With local Selling, retailers can also offer products they previously couldn't sell, as shipping products over long distances limit what you can sell online. For example, maybe you struggled with selling large or fragile items in the past because fulfillment was just too much for your business to handle. Or You're challenged with the cost of shipping low-priced heavy items, protecting fragile items, or ensuring the freshness of perishable items. With Local Selling, you can extend beyond a national shipping business while better serving and engaging your local customers near your physical locations with new local delivery and buy online, pick up in-store (BOPUS) technologies.
Finale automatically tracks your inventory when the product is shipped from your warehouse, Amazon FBA fulfillment warehouses, or picked up at your local store.
Restock Forecasting. Running a growing business is challenging. There's a lot you have to keep up with. Leveraging historical sales of a product, Finale will automatically calculate dynamic reorder points, such as:
- Supplier lead time
- Desired safety stock
- Expected sales growth
These points help you to make smarter and faster purchasing decisions.
When your inventory gets low, Finale will send you an alert letting you know it's time to send out a purchase order. You can email the purchase order directly from the software. Finale will update all your channels with updated stock quantities when you receive your shipment.
Simple Integration. Integration with Finale takes only seconds to set up. The only thing required is your ShipStation login credentials. No changes to your current ShipSta ion configuration are needed to immediately start syncing orders to Finale and effectively managing your inventory.
Auto-Update your Amazon Listing. Finale will manage customer orders from Amazon and other channels. The software will keep track of all stock levels and auto-update stock levels back to stock quant ties to Amazon and across other channels. Finale will also be optionally configured to update fulfillment latency (handling time) for your Amazon listings.
Click here to see a tutorial video.
Push Supplier Quantity and Lead Times when you run out of stock. Every company strives to have a low stock buffer to minimize inventory holding costs. Sellers collaborate closely with their suppliers and factor in delivery time to ensure new product shipments before stock runs out.
If sophisticated sellers can receive a product data file or a data feed from vendors, sellers will leverage Finale to push supplier quantities and lead times to Amazon, so they do not turn their Amazon listing when they run out of stock. For example, if you have four pairs of jeans in your warehouse and your suppliers and 14 pairs, Finale can be configured to push a quantity of 18 units to your Amazon listings.
Compatible with International Amazon Stores. Whether you sell in the US, UK, Canada, Germany, Spain, France, Italy, Japan, Australia, or the Middle East (Amazon. ae), Finale can manage your inventory and push stock updates back to those Amazon marketplaces. Multiple Amazon accounts can be connected to a single Finale Inventory account.
Support allowing multiple SKUs for a unique Product ID. When selling products in different marketplaces (e.g., Amazon and eBay), you may be forced to have different SKUs for the same product. Many customers manage this unnecessary complexity with Excel worksheets. Finale Inventory handles this with a couple of mouse clicks and properly keeps track of your inventory.
Support High Transaction Volumes. Conduct a large number of transactions? No problem. Finale Inventory can support up to 500K monthly transactions, and we are currently scaling our ar architecture to support even higher volumes.
High transaction customers should consider leveraging our integrated turnkey mobile barcode solution and implementing one of the batch-picking processes - wave picking or pick and pack - to improve warehouse productivity while increasing accuracy.
Multiple Shipping Location Support. Easily manage your inventory across multiple shipping warehouses from Finale Inventory.
Product Kitting. Present more selling options to prospective customers by setting up kits or bundles from your existing products.
Avoid Stock Outs. Keep your business humming by creating product count thresholds to know what needs to be reordered to avoid costly stock-outs.
Schedule a Demo of Finale Inventory Today
Walmart inventory management software integration can be simplified and streamlined with Finale Inventory. There are many benefits and functions to our software that you should try for yourself.
Curious to find out how Finale Inventory can help you manage your inventory and Walmart integrations? Learn more about inventory management and the functions of our software. Contact our team with any questions or schedule a demo today.
To learn more about Amazon Inventory Management, check out our following resources:
Tips for Boosting Your IPI Score on Amazon
Amazon Inventory Management Tips