Your Amazon business needs to stay on top of its inventory. If you run an eCommerce business, this means your inventory needs to be accurate and up-to-date. In the same vein, your Amazon FBA business must have access to reliable and cost-effective inventory management services. To keep your store and inventory running efficiently, you need to know how to use both functions effectively. Let’s take a look at the three main ways that Amazon FBA and Inventory Reconciliation Service can help you with this.
What is Amazon’s Inventory Reconciliation Service?
Amazon Inventory Reconciliation Service is the process by which a business accounts for the movement of inventory. It is the difference between the actual amount of goods/services obtained from suppliers and the amount booked to inventory. Inventory reconciliation is important because it is the process by which a business accounts for the movement of inventory. When the movement of goods is booked to inventory, the accounting system will account for this as though the goods have been delivered. But in reality, the goods have been removed from inventory and sent to the warehouse. This provides essential data for efficient management of the inventory and results in the smooth running of the entire process.
What is an Amazon FBA reimbursement service?
An Amazon FBA reimbursement service is an online tool that allows you to keep tabs on your product costs and produce a realistic profit margin every day. The service can help you maximize your sales and get the most out of your inventory. When a customer orders a product from an FBA seller, the seller is required to send the product to the customer at no extra cost. Even though the seller is required to send the product, they are not required to use the FBA reimbursement service.