Amazon is testing a New Inventory Dashboard
Amazon’s Seller Central dashboard has a suite of built-in tools that sellers can access for free. The manage inventory tool allows sellers to view data about their products. Sellers can access this information and download reports to help them to make better decisions about their inventory.
Amazon is currently beta testing a new Inventory Dashboard for third-party sellers which includes a “summary of your key inventory metrics and opportunities to improve inventory efficiency and in-stock performance”. The dashboard’s aim is to help sellers gain insights and see the key metrics about their inventory performance. So far, the feature is only available to Professional sellers on Amazon.com.
The page is a collection of cards that gives professional sellers a quick summary of their key inventory metrics. Inventory cards provide a snapshot of key metrics and help sellers identify areas where they can take action to improve their inventory performance. There are two types of cards—key performance indicator (KPI) cards and feature cards.
Key Performance Indicator (KPI) cards
KPI cards, which are displayed along the top of the page, show key metrics at a glance. Sellers can click a card to go the corresponding page where they can see more detail and take action.
Estimates lost sales:
Estimates lost sales:This shows sales run rate multiplied by the number of days the product was out of stock in the last 30 days. It is an estimate of lost sales across all products in the last 30 days, due to being out of stock. Sellers are encouraged to have enough inventory on their top-selling products to reduce lost sales.
% in-stock:
Percentage of time products have been in-stock over the last 30 days.
Out of stock SKUs:
Number of SKUs that went out of stock in the last 30 days. Sellers are encouraged to restock soon to avoid missing sales.
Excess units:
Units of inventory greater than the quantity needed to maintain 90 days of supply (or your max desired days of supply, if specified). Promote or reprise these products to help sell excess units.
Days in inventory:
A number of day’s inventory is expected to last, across all products.
Turns:
A number of times inventory will sell through annually based on current inventory and sales rate.
Feature cards
These full-sized cards in the body of the page highlight areas where sellers can improve inventory performance.
Notifications:
This card provides alerts for inventory-related issues that may be affecting sales. Sellers can click an alert to go to the appropriate page where they can see more details and take action.
Manage Excess Inventory:
This card displays the products with the most excess inventory (defined as inventory with greater than 90 days of supply or any threshold you choose). Sellers can click the card to go to the Manage Excess Inventory page.
FBA Inventory Age:
This card shows a breakdown of how long inventory has been stored at Amazon’s fulfilment centres. Sellers can click the card to go to the FBA Inventory Age view where they can see more details and take action to reduce aged inventory.
Restock Low Inventory:
This card shows products that may run out of stock in the next 28 days based on recent sales trends. Sellers can click the card to view additional information.
Currently, the new Inventory Dashboard isn’t available to UK sellers but if beta testing is successful, Amazon could decide to roll it out across all its marketplaces. Reprising software is another tool sellers can use to manage their fast-selling and slow-moving products efficiently. Interested in trying out the best Amazon repricing software for free? Sign up today for your free 15-day trial.
