Managing inventory for your Amazon FBA business is important! In this video, you will learn how to know how much to order and at what point you need to re-order inventory. Knowing when to order more inventory is an important element of inventory management for Amazon FBA.
If you have too much inventory, it's holding your money. If you have run out of inventory, it's costing you sales and hurting your Amazon rank.
Using this technique will help you better manage your inventory and know when you should order your 2nd, 3rd, or 4th order. Sales are great, and you need to keep your product available.
There are more complex models to help with managing inventory, but this will be a great start at the beginning of your Amazon FBA journey. Once you have more sales data, you can use more advanced techniques to optimize inventory levels, service levels, and safety stock. For now, this should get you started in the right direction.
