My Amazon Guy Amazon FBA Inventory Stocking with Chelsea Cohen SoStocked #155
Sku limitations. We hope to see these go away soon, but for now it's complicated to manage. Amazon wants to be a distribution center, not a storage facility. This is why they are focussing on IPI limits.
What are the principles of inventory management, what are some inventory management best practices?
- Adjusted Velocities to daily level.
- Buffer stock and seasonality.
Why go from spreadsheet to sostocked.
- Syncing. 3rd party warehouses.
- Need to free time, inventory software.
Most companies are going back to spreadsheets.
What are some of the biggest mistakes people make in inventory management and forecasting?
- Not accounting for marketing plans as it relates to inventory planning.
How to improve sales on Amazon:
- Improve bullet point in first words, "unlike other products that do XYZ, ours is better because. Sell into the objection."
Chelsea Cohen is an Amazon inventory management expert and the co-founder of SoStocked.com, an Amazon inventory management software. She’s also a 7-figure Amazon seller, speaker & consultant. Her regular clients include 7 & 8-figure sellers. She has been featured on AM/PM Podcast, Seller Stories with Jungle Scout & the Amazing Summit stage, among others.