Amazon Marketplace members have the opportunity to extend their brands and products to millions of consumers worldwide. However, some Amazon sellers do not have complete visibility into inventory levels, making it challenging for them to ensure all in-demand products are available.
Teikametrics, a provider of optimization technology for Amazon sellers, has introduced the Fulfillment by Amazon (FBA) Opportunities predictive reordering solution to help address this challenge. The FBA Opportunities dashboard identifies upfront potential profit within existing inventory supply and allows sellers to add profitable items into a purchase order.
As part of the Teikametrics Inventory Management and Repricing software, FBA Opportunities analyzes a seller’s portfolio and sorts items based on quantity sold over a certain period of time. By sorting this data, the software analyzes overall profitability and identifies how many products should be ordered during the next period. With the dashboard, sellers can track inventory and immediately identify the top 10 best-selling items, as well as identify underperforming inventory.
Sellers can log into their Teikametrics dashboard and begin a new purchase order directly from the Opportunities tab. They also can select or deselect the items they’d like to restock, and measure potential profitability based on the item’s current Amazon Buy Box price.