Selling on Amazon can be a lucrative endeavor, but managing inventory effectively is crucial for success. Running out of stock can lead to lost sales and disappointed customers, while holding onto excess inventory ties up capital and incurs storage fees. This is where Amazon inventory management tools come in, offering automated solutions to streamline your workflow and optimize your inventory levels.
In this article, we’ll explore the 10 best Amazon inventory management tools in 2024, providing an overview of their key features, pros, cons, and who they might benefit most.
Why Use Amazon Inventory Management Tools?
Before we break down the many Amazon inventory management tools out there, let’s take a moment to understand their value. Why use an inventory management tool, and what are the benefits? Here’s how these tools can help you:
- Forecast demand: Predict future sales trends to ensure you have the right amount of stock on hand.
- Automate reordering: Set reorder points and receive alerts when it’s time to restock your inventory.
- Track inventory levels: Gain real-time insights into your inventory across different channels and fulfillment centers.
- Identify slow-moving products: Make informed decisions about which products to keep or discontinue based on sales data.
- Minimize storage fees: Optimize your inventory levels to avoid penalties associated with excess storage space.
A good inventory management tool will give you deep insights into everything related to your inventory—which allows you to maximize your efforts when it comes to managing and moving products. From targeted marketing campaigns to sales and promos, you can put inventory data to work to sell better, while simultaneously managing your inventory more effectively.
The 10 Best Amazon Inventory Management Tools
If you’re selling on Amazon in 2024, you already know that there’s a world of service integrations and software options out there to help you. Amazon inventory management tools are no exception. Here’s a look at 10 of them, with clear breakdowns of their key features, pros, cons, and who they might benefit most.
1. Jungle Scout
Jungle Scout is a comprehensive suite of tools designed to streamline the entire Amazon selling process. Along with its powerful product research and keyword tools, it includes a robust inventory management module. Features like sales forecasting, automated reordering, and real-time inventory tracking help ensure you have the right amount of stock at all times.
Amazon sellers benefit from using Jungle Scout’s inventory tools by avoiding stockouts and overstock situations. This optimized inventory helps sellers increase sales, reduce storage costs, and improve their overall profitability on the Amazon marketplace.
- Key Features: Product research, forecasting, inventory management, keyword research.
- Pros: Comprehensive features, user-friendly interface, good customer support.
- Cons: Can be expensive for new sellers, limited free plan options.
- Pricing: Starts at $49/month.
- Who Should Use It: Established sellers looking for an all-in-one solution.
2. Sellbrite
Sellbrite is a powerful multi-channel inventory management platform. It connects various marketplaces and platforms, centralizing inventory control for both Amazon and other sales channels. Its automation features help streamline workflows and reduce errors associated with manual order fulfillment.
Sellbrite empowers Amazon sellers by simplifying inventory management and order fulfillment across multiple sales channels. This helps increase efficiency, prevent errors in multi-channel selling, and allows businesses to expand their reach without additional complexity.
- Key Features: Multi-channel listing & inventory management, reporting & analytics.
- Pros: Integrates with various marketplaces and platforms and offers detailed reporting.
- Cons: May have a steeper learning curve for beginners; pricing can be complex.
- Pricing: Varies based on plan and features, starting from around $39/month
- Who Should Use It: Sellers who sell on multiple channels and require reporting features.
3. Zoho Inventory
Zoho Inventory is a cloud-based Amazon inventory management tool that caters to businesses of all sizes. It offers core functionalities like inventory tracking, order management, purchase order creation, and warehouse management.
For Amazon sellers, Zoho Inventory provides a cost-effective solution to manage their stock levels across different locations. Its user-friendly interface and features like barcode scanning and real-time inventory updates streamline operations and improve order fulfillment accuracy.
- Key Features: Inventory management, order management, warehouse management.
- Pros: Affordable pricing, robust features for managing stock across multiple locations.
- Cons: May not be as comprehensive as some other options, limited integrations.
- Pricing: Free plan available, paid plans start at $40/month.
- Who Should Use It: SMBs looking for core inventory management functionalities.
4. Helium 10
Helium 10 is a comprehensive toolkit encompassing various aspects of the Amazon selling process. While its core strength lies in product research and keyword research, it also includes features like listing optimization and inventory management.
Helium 10 empowers Amazon sellers with a one-stop solution for various needs, from identifying profitable products to managing their inventory effectively. Its inventory management module provides insights into stock levels, helps forecast demand, and automates reordering processes.
- Key Features: Product research, listing optimization, inventory management.
- Pros: Wide range of features, powerful research tools, helpful community resources.
- Cons: Can be overwhelming for beginners due to the number of features.
- Pricing: Varies based on chosen modules, starts at around $39/month.
- Who Should Use It: Sellers who want a comprehensive toolkit for Amazon inventory.
5. Skugrid
Skugrid is an inventory management platform specifically designed for e-commerce businesses. It excels in providing advanced forecasting capabilities, allowing sellers to anticipate future sales trends and optimize inventory levels accordingly. Additionally, Skugrid offers real-time inventory visibility and integrates with various accounting platforms for seamless financial management.
Amazon sellers can leverage Skugrid’s advanced features to gain a competitive edge. The platform’s accurate sales forecasting helps minimize stockouts and overstocking, reducing storage costs and improving overall profitability. Moreover, Skugrid’s integration with accounting platforms simplifies financial management and eliminates manual data entry tasks.
- Key Features: Inventory forecasting, demand planning, purchase order management.
- Pros: Real-time inventory visibility that integrates with various accounting platforms.
- Cons: Lacks certain features; may be complex for smaller sellers with simple needs.
- Pricing: Customized quotes based on business size and needs.
- Who Should Use It: Larger sellers who require inventory forecasting and analytics.
6. Ordoro
Ordoro is a scalable Amazon inventory management tool and order fulfillment solution catering to growing businesses. It offers robust automation features, enabling efficient order processing, picking, packing, and shipping. Additionally, Ordoro provides warehouse management functionalities and excellent customer support for seamless implementation.
For Amazon sellers, Ordoro streamlines the entire order fulfillment process, saving time and reducing errors. Its automation capabilities minimize manual work, while the warehouse management features optimize storage space and picking efficiency. Ordoro’s scalability allows businesses to adapt the platform as their operations grow on the Amazon marketplace.
- Key Features: Inventory management, order fulfillment, warehouse management.
- Pros: Robust automation for efficient order fulfillment, excellent customer support.
- Cons: SMB pricing can be higher; may require some technical knowledge for setup.
- Pricing: Starts at $399/month.
- Who Should Use It: Growing businesses with significant inventory volumes.
7. Veeqo
Veeqo is a user-friendly inventory management platform designed for small and medium-sized businesses. Its core functionalities include managing inventory across various channels, fulfilling orders, and generating reports for data-driven decision making. Additionally, Veeqo integrates with popular marketplaces and platforms, providing a centralized location for managing your Amazon sales alongside other channels.
Amazon sellers benefit from Veeqo’s user-friendly interface and its ability to manage inventory across multiple channels. This simplifies operations, eliminates the need for separate platforms, and saves time spent switching between different systems. Veeqo’s reporting features further empower sellers by providing valuable insights into sales trends and inventory performance.
- Key Features: Inventory management, order fulfillment, multi-channel listing.
- Pros: User-friendly interface; integrates with various marketplaces and platforms.
- Cons: May be less comprehensive than some other options, limited free plan features.
- Pricing: Starts at $29/month.
- Who Should Use It: SMBs looking for user-friendly, affordable inventory management.
8. Fishbowl Inventory
Fishbowl Inventory is a comprehensive inventory management software catering to businesses with complex needs, including manufacturing and assembly processes. It offers robust features like barcode scanning, multi-location inventory tracking, and integration with various accounting software.
While not specifically designed for Amazon sellers, Fishbowl Inventory can be a powerful tool for businesses that fulfill Amazon orders alongside their own online store or other sales channels. Its functionalities streamline inventory management for complex operations, including kitting and assembly, ensuring accurate stock levels and efficient order fulfillment across all channels.
- Key Features: Inventory management, barcode scanning, reporting & analytics.
- Pros: Robust features for complex inventory needs.
- Cons: Can be expensive and complex; not specifically tailored to Amazon sellers.
- Pricing: Starts at $495/month.
- Who Should Use It: Large companies with complex inventory management needs.
9. ZonGuru
ZonGuru is a suite of tools designed to assist Amazon sellers in various aspects, including product research, keyword research, listing optimization, inventory management, and even PPC advertising. It also offers a free plan with limited features, making it accessible to new sellers on a budget.
ZonGuru empowers Amazon sellers by providing a comprehensive toolkit at an affordable price. Its inventory management module helps track inventory levels, forecast demand, and generate reports to identify slow-moving products. While not as comprehensive as some other options, ZonGuru provides a good balance of features and affordability for budget-conscious sellers who prioritize core inventory management functionalities.
- Key Features: Product research, listing optimization, inventory management.
- Pros: Affordable pricing; good product research and listing optimization features.
- Cons: Inventory management features are not as comprehensive as some other options.
- Pricing: Free plan available, paid plans start at $39/month.
- Who Should Use It: Those who need product research alongside inventory management.
10. Linnworks
Linnworks is a powerful and scalable Amazon inventory management tool designed for high-volume sellers. It offers advanced features like kitting and bundling, multi-channel listing management, and integration with various accounting software. However, its technical complexity and pricing structure may not be suitable for smaller businesses.
Linnworks benefits Amazon sellers by catering to their large-scale operations. Its advanced features, such as order routing and kitting, streamline complex fulfillment processes. Additionally, the integration with accounting software allows for seamless financial management and data analysis. However, due to its complexity and cost, it’s recommended for established businesses that have outgrown simpler inventory management solutions.
- Key Features: Inventory management, multi-channel listing, accounting integration.
- Pros: Scalable for high-volume sellers; offers advanced kitting and bundling features.
- Cons: Requires more technical expertise for setup and use, pricing can be high for SMBs.
- Pricing: Customized quotes based on business size and needs.
- Who Should Use It: Large-scale Amazon sellers with a high number of complex SKUs.
Improve eCommerce Operations with a NorthOne Business Bank Account
Inventory is the lifeblood of ecommerce success: it represents the potential for revenue. To ensure you’re positioning your inventory to sell quickly and preventing stock-outs along the way, make sure you’re relying on an Amazon inventory management tool. By utilizing the right one, you can save time, reduce costs, and improve your overall Amazon selling experience.
Looking for more ways to maximize your effectiveness as an Amazon seller? Open a NorthOne business bank account today and take advantage of powerful integrations that give you more control over your cash flows. From quick direct deposit to real-time revenue tracking, NorthOne helps Amazon sellers take control of their operations. Apply for a NorthOne Connected Bank Account today:
