You only have to download the app on your iOS device or Android to get the database on your phone. To sync the Min and Max values between Seller Snap and InventoryLab, users must enable “Auto Adjust” in their store settings. By doing so, InventoryLab users initiate repricing of their listings with no Min and Max price. The repricing process will only commence once the Min & Max values have been upadated.

• In a couple of seconds, you can easily find out the suppliers, products, and categories that have brought you the most profit.
• The smart software determines the type of product a customer has ordered and tells you about the right prep way.
• Another prominent feature of this app is the built-in barcode scanner.
• I don’t have any experience with Zebra printers, but both pieces of software support them if you have one.
• “I should say that it easily saves me almost $1,000 each month if I use all the apps individually as compared to IL’s ALL IN features that we need for an online business.

To give you a good idea of the capabilities of this tool, I thought I would focus on the features I found most useful. You can track all of your business expenses in one place; this makes it easier to make strategic decisions. It also has a product database of over 500 million products, which is updated frequently. Jungle Scout has what is a sales journal a chrome extension that runs well and helps you understand your potential customers better by highlighting search results related to your product. You get the complete flexibility for generating reports about the productivity of your inventory. There are several aspects of the business that you will have to take care of yourself.

Camel Camel Camel Review: The Only Amazon Price Tracker You Need

With Inventory Lab, you can even check the profitability on the SKU level. Calculating the profit based on SKUs is challenging without a good tool like Inventory Lab. You can even check the ROI and profit on the supplier level, so knowing all the details is easier with Inventory Lab.

The profit is displayed in black, whereas the expenses get displayed in red, making it easier for sellers, especially beginners, to read the chart. The FBA sellers can even import or export data using quick and advanced searching. The local accountants or CPAs working with you (FBA seller) can use the Accounting section for easy movement of data. You can read the product chart to understand the prices, ranks, and other details in a better way. With Inventory Lab, sellers can print barcodes in a batch, and this is an amazing feature. Furthermore, the tool lets you know the item’s current rank, size tier, category, and more.

• Also, Scoutify 2 comes with a paid subscription to Inventory Lab.
• These include the profit status, order details, sales price, buy cost, profit, and ROI.
• There is no clutter in the Research menu, so it’s easy to understand and use.
• I tried their live chat support and it took less than a minute to get their response.
• This first pass is about getting the items you order the most or that cost you the most, so don’t worry about trying to track down every single item.

Today’s inventory command tools don’t have this feature, which you need to pay separately. You can install this app on many devices as you need to, convenient if you work within a team. These tools empower sellers to automate and streamline time-consuming processes like inventory management, profit calculation, and decision-making. By looking at Inventory Lab reviews, it’s clear that using the right tool can be a game-changer, but like any other tool, you must master its use to get the most out of it. Inventory Lab also lets us know the item’s current sales rank, category, size tier, and any prep needed, like poly bagging.

Summing Up: Is Inventory Lab the Best Inventory Management Software for Amazon Sellers

Let’s get started with the inventory lab review, and explore each section of this tool. If you’re interested in learning more about Inventory Lab, we recommend doing a 30-day free trial. You can play around with the features, send in some shipments, generate some reports, and see how Inventory Lab can work for you. Nothing beats first-hand experience though, so why don’t you sign up for a 30-day trial to see how InventoryLab can help you and your business? Get a feel of its great user interface, create and send in some shipments, do some product research, and generate some business reports. It’s a great way to understand how InventoryLab can actually help you scale your business.

Inventory Lab vs AccelerList

For order processing, Skubana centralizes and simplifies the management of incoming orders from various sales channels. The inventory automation tools help prevent stockouts and overstock situations, ensuring you always have the right amount of inventory. After you add the products to your database using Inventory lab, the software will then create barcodes for them. Each of the products will have a unique barcode that can help you to manage the products.

Inventory Lab – Are There Alternatives?

Recently born competitors like AccelerList are catching up fast, though. IL offers a generous 30-day trial and AccelerList offers a 14-day trial. You can always use Inventory Lab’s trial to get access to Scoutify app and start scanning items at your local stores to find great deals.

For most sellers, Accelerlist is the smarter option for listing software. Most sellers I know use Dymo printers (which both Accelerlist and InventoryLab support), but they also support printers from Zebra Technologies. I don’t have any experience with Zebra printers, but both pieces of software support them if you have one.

Inventory Lab Pricing Plans – Does Inventory Lab offer a free trial?

This first pass is about getting the items you order the most or that cost you the most, so don’t worry about trying to track down every single item. Focus instead on the roughly 20% of items that account for about 80% of your volume or spend. On the hand-right side, there’s an interesting pie chart that lays out all your monthly expenses.

As the screenshot illustrates, this section shows you things like the total in-stock items, total SKUs, total buy cost of items currently in stock and total in-stock sales value. The view also shows you a neat table containing info about all your SKUs. We can see that FBA fees, in general, are taking the biggest portion in terms of expenses, nothing else really compares.

These dates make Inventory Lab one of the oldest (if not the oldest) player in this space, being almost 7 years as of this post’s publishing date. The application was founded by Ryan Stephens and Forrest Wang, and the team seems to have had 3 people in total at launch date. You’ll find the Export tool throughout your InventoryLab account, and with it, you can export your data to a CSV file to be opened in your preferred spreadsheet program. Your data belongs to you and can be exported at any time you choose.