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The well-timed and accurate stocking of goods is the most important characteristic of stock control. The technology development has contributed exceedingly to redefine and streamline the delivery chain functions like inventory, order, warehouse, logistics management. Maintaining a proper balance of stock and inventory reordering is an artwork and extraordinarily business-critical. Extra stock inside the warehouse than required increases your warehouse charges, carrying charges and run the hazard of conserving a vintage inventory.  On the contrary, when you have much less inventory inside the warehouse than required, you'll lose orders, credibility, and sales.

Unicommerce: Order and Inventory Management Tool

Unicommerce Inventory Management Solution –advanced and the quality inventory management software program available in India and UAE.

You should realize when to refill the inventory so that you utilize warehouse space, also make sure spending on operations and meeting market demand are all synchronized on a most effective degree.

Uniware’s inventory control software is the best for various enterprise-critical reasons:

•   Centralized inventory control throughout 45+ marketplaces and carts

•   Vendor control module

•   Centralized log-in to manage all of the marketplaces from a single panel

•   Real-time evaluation and update on digital and actual inventory across all of the channels and warehouse/ store places.

•   Quick integration of online and offline inventory

•   The software imbibes exceptional inventory management within the industry

•   Ensures renovation of right inventory extent

•   Inventory updates through barcode scanning

Feedback Tool: FeedbackFive

FeedbackFive is a splendid tool which provides you with fantastic features, together with feedback and product review management, E-mail templates, ready-to-go campaigns and Help Center. FeedbackFive is already recognized as a powerful tool by its customers. Developed by using eComEngine, LLC, with the precise needs of Amazon sellers in mind.

Email Testing Simplified

Crafting the right e-mail can take a few trial and blunders, however, FeedbackFive enables to take the guesswork out of the system. For instance, the use of the “Send for Orders Ending In…” rule permits customers to test the effectiveness of copy, images, and CTAs in order to benefit insight approximately how a campaign is performing.

Dynamic Messaging by means of SKU

Personalizing emails could be very important for making the right impression together with your clients. Greeting them by way of name, an attention-grabbing subject line, pictures, and links to products are just some of the ways you could tailor your correspondence.

Easily Manage Negative Feedback Ratings

FeedbackFive Pro+ level users can install e-mail or text indicators as a way to be notified as soon as poor remark is submitted. Having this immediate perception allows you to take action sooner, protecting your recognition with clients and Amazon.

Repricing Tool for Amazon and Flipkart: BoxNsights:

Features:

·         Increase Margin: An efficient algorithmic repricer need to not always reduce the price. It should also boom the price in keeping with the competition.

 ·         Avoid charge wars: A proper algorithmic repricer evaluates all the facts after which determines a quality pricing method in price wars. Since the rate is not the only element taken into account, the repricer will not have interaction in price wars unless the records show that doing so will carry the ultimate result.

 ·         Actionable Insights and better visibility: Algorithmic repricer affords additional insights like charts, reports, actionable real-time information for Competition analysis, the income. Time-Based and loss evaluation and based on those consequences, you may continuously tweak your pricing Strategy.

 ·         Accurately Calculate Cost: Sometimes low charge can get you within the Buy field but that might lead to losses. Algorithmic repricer calculates minimal rate by adding base value, minimal margin predicted and overheads and never permits the price to go below this minimal price.

 ·         Time-Based Pricing Strategy: Good Algorithmic repricer takes factors into account such as time of the day, to set right price at the right time so as to meet approach to maximize the Sales and Margin.

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With numerous outlets using one of the biggest online sales platforms in the world, on Amazon tried and tested pricing approach will define your success as a seller. Providing your clients value for money as well as securing yourself a great return is important for business sustainability.

The following pointers assist you to create a repricing strategy that your Amazon business seller can depend on time to time.

1.    Don’t Be the Cheapest Seller

If you do it often enough, buyers will assume your products as bad quality rather than competitively less expensive and it’ll quickly come to be a race to the bottom.

Instead, you can charge your products 1.5% above the bottom seller. This way, you don’t get stuck up in the bottom, however, you’re nonetheless comparatively cheap. If you do need to lower your product price, then an effective way to do this is to charge your products 1.2–1.5% above the current lowest supplier. This way, you’ll avoid the race-to-the-bottom but still be competitively priced within your own enterprise.

2.    Use a pricing tool to help you stay competitive

You need to actively monitor your competitor’s current and past pricing techniques to give you the opportunity to proactively alter your prices based totally on data you’ve received. Remember, for any pricing approach the goal has to be to appear on the first page of Amazon for any given search term. If you don’t appear here, this will restrict your income so badly it won’t matter what pricing approach you implement.

3.   Experienced sellers have long-time period pricing techniques

Whether you’re looking to construct a strong enterprise on Amazon, boom your site visitors to your website, or increase your inventory portfolio’s cost, you’ve were given to take a long-term approach. Your decisions must consider in which you’re trying to take your Amazon business seller, what strategies you’re going to apply to get extra visibility, boom seller metrics, and product reviews, and in the long run, increase your sales and profits with pricing that’s realistic and can provide an amazing margin.

4.    Bundle Pricing

It draws customer’s attention by making them think they are being offered something totally free. You can also take your back off from items which can be holding stock area and/or aren’t selling properly recently. Bundles work brilliant in the course of holiday seasons and might even increase exposure for your different products.

5.    Manual Repricing

The first alternative is to manually reprice, which requires you to frequently, manually, take a look at the pricing of your competition and modify your own price hence. This technique works fine for sellers who have just a few products and who additionally have the time to regularly do the checking and any required changes.

 6.   Automate Pricing in Seller Central

Amazon provides a free tool to perform repricing, but this is a basic tool and has a lot of limitations. You should use advanced repricing application like BoxNsights to really take advantage of various available features and increase your Sales and more importantly your Margin.

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Repricer & Its Benefits

 What is Repricing? 

Repricing is changing of product prices in the marketplace on the basis of competitor’s price change, shipping, Buy Box ownership, or competitors running out of stock. Competition in the marketplace is what drivers the products repricing. The products can reprice upwards or downwards; you get to set the minimum and maximum price of the product. 

Key factors such as FBA, FBA/MFN, ratings, reviews, ratings are also considered depending upon the repricing strategy of a seller in the marketplace.  

If you don’t want to miss out on sales and profits and stay in the competition, there are two ways of repricing the product: 

1. Manual Repricing: This is a very time-consuming method as it requires you to change each and every product price in your inventory manually i.e. by hand. 

2. Automatic Repricing: This method will make sure your market exceeds the sales and profits. The price might increase or decrease between the minimum and maximum amount you set. 

Benefits of Repricing: 

1. Fast and Easy: You can easily manage your large inventory. Simply add SKUs, assign repricing price for your minimum/maximum price ranges with bulk actions. 

2. Minimize Margin of Error: The repricer will do exactly what you need considering the rules you set, nothing less or nothing more. 

3. Price Boundaries: You can set the minimum and maximum price for the product. The repricer will always remain in this range. 

4. Buy Box Winner: When you win buy box you can instantly increase your profits by increasing your product prices. 

5. Stock Level Monitoring: Whenever your competitor runs out of stock, price up! When you are running low in your inventory, adjust your strategy accordingly. 

6. Smart Repricing: Considering Buy Box Win for every SKU, and historical data of your sales and price you can make smart repricing decisions. 

7. Competitor Analysis: Keep an eye on your competitors. Check the products they are beating on you and accordingly take the action. 

8. Scheduling: Raise your market game by scheduling time-specific rules optimizing your repricing strategy during a quiet time of the week. 

9. Real-Time Action: With Automatic Repricing, your product price will automatically go up and down considering the competition in the marketplace. 

10. Compete without emotion: Repricer uses a set of rules you set and algorithm to keep track of your competitors and keep you safe from making any risky or harmful decisions. 

The above mentioned features and many more are present in an leading repricing application BoxNsights, which helps to grow your online sales and margins simultaneously. 

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Amazon Buy Box

What basically is the Buy Box? 

Every product on Amazon has one product page and through this page, customers are connected with sellers. The Buy Box is located in the top right-hand corner of the page above the other sellers that are equivalent of being in the top Google search results. Over 80% of Amazon’s product sales are bought through the Amazon Buy Box. A key feature of Amazon is that a couple of sellers can provide the same product of their stores, and if a couple of sellers are eligible for the Buy Box offers the same product, they can compete for the Amazon Buy Box so long as all sellers can ship to the customer’s address. 

5 most important elements for winning Amazon Buy Box: 

1. Price: To be competitive, you must continuously review and update your product prices. This will increase the chance of you winning the Amazon Buy Box, and consequently, gaining greater product sales in your Amazon seller account. If a supplier wants to compete with other sellers, they could lower their product costs to try to lure Amazon consumers into shopping for their product over some other supplier’s product, even when the product is the same. If a dealer is trying to increase their earnings, they might increase the price of their product. Though this typically handiest takes place while the seller is high-ranking, and currently winning the Amazon Buy Box. Automated Repricer like BoxNsights can also help you win more Buy Box and simultaneously increase your margins while retaining the Buy Box. 

2. Fulfilled By Amazon (FBA): Note that if you use the Fulfilled by Amazon (FBA) service, you could win the Buy easily. Selling via FBA makes you a far more desirable seller, which can make a massive difference to your bottom line. 

3. Customer Service Metrics: Customer Metrics on Amazon are based on a number of things such as correctly processed and fulfilled an order, customer feedback, shipping on time, customer response time, delivery tracking, cancellation as well as refund rate. To have a good Customer Service Metrics make sure you improve positive customer reviews and provide customer satisfactory services.

4. Available Inventory: Stock at least 15 days’ worth of inventory, be sure to constantly update your inventory in Amazon and even consider using multi-channel stocking services which can help you sync inventory across multiple channels.

 5. Amazon’s Algorithm: Understanding the way Amazon’s algorithms function will permit you to work in the direction of increasing your overall performance on applicable variables, in the long run, this will increase your chances of winning the Buy Box and beating the competition.

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                    Amazon Business (B2B) Seller Program

Amazon Business gives its customer’s shopping solution for their registered commercial enterprise of any type and size, as well as universities, hospitals, government organizations, and non-profits. – everything from IT equipment to janitorial supplies – to businesses of all sizes and across industries," Each business can assign customers that are allowed to move in and buy enterprise supplies on Amazon on behalf of their employer. The foremost administrator can add authorized users, or remove them, as required, and might control payment methods, shipping addresses, approval workflows, reporting options, and many others; all depending on business requirements. 

Benefits of Joining the Amazon Business Seller Program: 

1. Expand your customer base: Amazon Business Seller Program provides you with greater exposure to a larger audience. Right now, anyone can log onto Amazon and look for a specific product; however, your enrolment in the program permits you to stand out particularly to different business proprietors.

 2. Tax-Exempt Purchasing: Amazon provides a tool that helps customers decide in the event that they qualify for the program, and inquires about wherein states the business qualifies for a tax exemption in addition to the sort of exemptions for which your employer "We provide easy access to hundreds of millions of products said Martin Rohde, director of the commercial vertical at Amazon Business. When you join Amazon Business Seller Program, organizations searching for items to resell or use can search for you through the normal Amazon web page at the same time as using particular credentials. Basically, it lets in you to promote to traditional customers and business clients at the same time without having to undergo a distinctive market.  The administrator of the account goes thru the technique to set it up for the business account. The program then lets in clients to apply their tax-exempt status to eligible purchases from Amazon and all of its affiliates. 

3. Order fulfillment: Amazon can fulfill your orders, in case you choose, Fulfillment by Amazon. You would ship your merchandise to an Amazon warehouse. Amazon will then keep the store these items and pick, pack, and deliver during sell. Amazon also handles many elements of customer service, such as refunds and returns.

 4. Supply Chain Transparency: "Customers can look at their spending activity and total costs on purchases at the individual, purchasing group or type of spend level – giving small businesses the information they need to better control their bottom line," Rohde said.