Inventory Lab Review 2021: Is This Amazon Lister Tool Worth It? | Top Features, Pros & Cons (How Do We List On Inventory Lab?)

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Features
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Pricing
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Support
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Scanning
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Tracking
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Reports & Analytics
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Listing

Pros

  • 30-Day Trial
  • Gives Real-time Product Scouting
  • Automated Income Tracking
  • Comprehensive Reports For Sellers
  • Comes with Built-in Barcodes
  • Creates 5-Star Buying Decisions
  • Comes with Great Tracking

Cons

  • Not the cheapest
  • Lacks customer support

 Inventory Lab has been designed with these problems in mind and can save you hours of work each month. It’s easy to use interface makes it accessible even if you aren’t tech savvy, while its advanced features give experienced users access to powerful tools that help them grow their businesses quickly and easily.

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If you’re an Amazon seller, then you know that there are a lot of challenges associated with running your business.

For example, how do you find profitable products to sell? How do you manage and track inventory?

How can I make sure my expenses are low? What’s the best way to analyze profitability?

And what about taxes and accounting compliance?

InventoryLab provides innovative solutions for all these questions and more.

With this  Scoutify app we’ll help you quickly source profitable items for sale on Amazon using your mobile device. Inventory lab Stratify software will help you research product opportunities, list them on Amazon FBA, manage your inventory efficiently and track sales in real-time. The best part is that it’s all integrated into one convenient platform so everything is easy to use!

Today we have featured Inventory Lab Review, with its proper insights, we have also covered its pros and cons, so let’s get started the best way to lessen some of the legwork associated with the Amazon business is Inventory Lab.

As a matter of fact, it has a major role to play in enhancing competence and profitability. A lot of times Inventory Lab is also referred to as IL and there is no denying the fact that Amazon FBA has made it rather simple for the online merchants to begin listing and selling on Amazon.

Bottom Line Upfront: 

InventoryLab is an amazing all-in-one tool that helps you manage inventories automatically. Inventory Lab is designed to help manage both your inventory and accounting processes in one place! This software has been created specifically for Amazon sellers who want to focus more on their core competencies while letting someone else handle other tasks such as printing labels or managing taxes. If you are a frequent Amazon seller and looking for cheaper tools than JungleSocut, I would recommend you to try Inventory lab upfront.  You can try this tool for 30-days risk-free.

What is Inventory Lab?

Inventory Lab comes with an impressive set of tools that will help you manage your inventory in a way that is both automatic and accurate. This software tool allows you to see which items are selling well, which ones need more attention and even helps you forecast future sales so that you know when it’s time to restock or make changes to product listings.

With Inventory Lab, managing your Amazon business becomes much easier than ever before. The interface is intuitive enough for anyone who has used Excel or Google Sheets before, but still powerful enough for those who want some serious features like forecasting and advanced A/B testing options available at their fingertips.

All this makes managing inventory on Amazon less stressful while providing actionable insights into what needs improvement on every aspect of your company’s operations!

 

Inventory - Lab - Review
Inventory Lab Review

There are several aspects of the business that you will have to take care of yourself. This will become more than important, especially if you are interested in pursuing selling that engagement full time.

Inventory lab is a big reputed brand and I am sure you might have various questions. Here, we have answered various questions on Inventory Lab such as: 

– What is Inventory Lab

– What is Amazon Product Reviews?

– What are some of the best features of Inventory Lab?

– What are the top 3 reasons people buy from Inventory Lab?

– How do you find inventory for your business?

– How to use Inventory lab to easily review and sell inventory from your Amazon business?

– How to use Amazon’s Inventory Lab?

– How to categorize products in your inventory?

– How to check inventory status of your products?

– How to optimize your inventory management system?

– How do you know if your inventory is being tracked accurately?

– What are the benefits and drawbacks of using Inventory Lab?

– What are the Top pros & cons of using Inventory lab?

How To Use Inventory lab?

Inventory lab is a comprehensive tool where you can research and list the products. Besides this, you can also manage the inventory and profitability.

Inventory Lab offers two tools for this purpose:

1. Stratify 

Inventory lab stratify review

This tool is useful in finding the profitability of the product. Users can use the detailed data to do the product research.

Using the Inventory Lab dashboard, you can list the products, print labels, track profits and loss for your product and also completre FBA shipments.

The dashboard  has an accounting dashboard that lets you track expenses,  view the total in-stock values and monitor your sales.

Lastly, you get the comprhensive reports that can tell you about the most profitable products and sellers.

2. Scoutify 

Scoutify by Inventory Lab review

Scoutify is the mobile version of Inventory lab. On downloading the app, you can calculate the profitability of each or the product in yoiur inventory.

One thing that I liked  most about the Inventory lab’s Scoutify is the bar code scaner that is completely free here.

Inventory Lab Features with Top Pros & Cons


InventoryLab - Home - Page - Review
 

Feature-packed listing service:

A desktop barcode scanner is put to use for the purpose of scanning an item into the 1system. You will be getting to know all about the FBA, Merchant Fulfilled, used, and new prices. Also, you will get to know if the item is up for sale by Amazon and who actually owns the buy box.

List related to Inventory Lab:

You will also be getting all the information about the particular item’s category, current sales rank, size tier, and any prep required, just like the poly bagging. Also, there is flexibility in terms of entering the buy cost, supplier, and min/max price for each inventory item.  

You will be happy to know that Inventory Lab plays a crucial role in limiting the number of FBA warehouses where the inventory is sent.

Access to sourcing app:

In the present scenario while dealing with retail arbitrage it has practically become impossible to source for inventory without using the Spotify smartphone app. Now scanning the barcode of any item and getting all the necessary information is child’s play.

And this will eventually tell us if it is a smart decision to invest in an item from a resale point of view. You will get to know all about the competitor’s pricing of any item with the help of Spotify.

InventoryLab Zendesk ssupport -Invenytorylab Review
InventoryLab Review

Also, if Amazon is in stock, ROI, potential profit[3], sales rank percentage, if you’re restricted or approved from selling the article, how many are already in stock, how many have been sold till now, and also all about the quick links for requesting endorsement for restricted items, and the list is really long.

So it can be rightly said that with the help of the Inventory Lab, you will be getting listing service and sourcing app at a reasonable price.

  • Does Zen Arbitrage actually work? Will you be able to profit within 30 days? Check out our complete review of Zen Arbitrage and know if it is really a business.

Superb accounting capabilities:

The best part of the Inventory Lab is the fact that it allows you to organize your finances with the help of useful bookkeeping tools.

It means that if you are really interested in making your Amazon FBA business money-spinning, you need to be well aware of the numbers.

You need to get a clear picture of where your money is going and coming. 

InventoryLab - Coupon Code

More about Inventory Lab Accounting: 

You will be happy to know that Inventory Lab turns out to be a blessing in disguise for all those who are interested in keeping a track of return on investment, buy prices, sales prices inbound shipping costs, money going out in terms of refunds, money coming in from repayment, and a lot more.

Also, you will be getting the perfect opportunity to track your mileage, price of supplies, and all that which is monetarily related to your Amazon business.

Reports related to profit and loss, profitability, and sales tax:

 Now, this is considered as one of the coolest features of Inventory Lab.

You get the complete flexibility for generating reports about the productivity of your inventory.

You will be able to get a glimpse of the profitability of a complete category in your inventory, a particular SKU, or ASIN. 

InventoryLab - Solutions - Amazon - FBA

Inventory Lab Analyze:

You will be able to get the reports on supplier profitability. Also, you will be able to use the supplier productivity feature in several ways:

  • For keeping track of inventory purchased by diverse sources hired by you.
  • For seeing if definite wholesale accounts or stores are more gainful in comparison to the others.
  • For the purpose of analyzing the profitability of an online arbitrage deal list for your business over the period of time.
  • For the purpose of generating reports related to your sales tax, profit, and loss. 

 Sync Inventory Lab with the BQool repricer service:

It was in September 2018 that the first time BQool automatic repricer service was put to use for the first time.

It was used as it allows the users to bring in the entire buy related costs from Inventory Lab directly into BQool’s Repricing Central, simply at the click of a button. This turns out to be a major time saver.

 Sync Inventory Lab
Sync Inventory Lab

It is important to pay attention to the fact that a Bqool user would give the opportunity to manually make entries related to the original buy cost.

Bqool also allows the import of the buy cost. This turns out to be a big help in setting up the maximum and minimum prices within Repricing Central. 

Liberty to access Inventory Lab with the help of a 3rd party prep service:

If you are interested in a full-time income selling on Amazon, then it becomes all the more important that you think seriously about finding other people to take care of the easier tasks.

It is rather simple to outsource things like the inventory prepping, shipping, and packing, particularly when it comes to wholesale packages or online arbitrage that could have been shipped directly to help you to ship it to Amazon. 

When you are resorting to solutions like Inventory Lab, you get the opportunity to set up multiple employees accounts for the purpose of creating FNSKU labels, shipments, and everything else necessary for shipping your inventory to an Amazon warehouse. 

Necessary Help:

You will be happy to know that IL is proudly associated with a good self-serve help section. For support, there was a Facebook community group.

But it seems that it is not functional anymore. You can look out for other solutions like direct email support.

There are many users who feel the support is getting slower with each passing year. 

Inventory Lab Pricing: (How Much Inventory Lab Costs?)

Well, it is a well-established fact that pricing in Amazon seller tools may vary riotously and can also reach as high as $1,500+ in terms of the monthly fee. Inventory Lab costs $49 monthly with a 30-day free trial. 

In the monthly subscription, you will get:

  • All-backed data
  • Dedicated support
  • Access to stratify and scoutify app

InventoryLab - Pricing

Their annual plan costs $40 month. Now, do some calculation here: 

$40/month *12= $480/year where as the monthly plan costs $49*12= $588 yearly.

You can save up to $108 here. Hence, you need to pay attention to the fact that Inventory Lab is an affordable solution.

Which Sellers Can Make The Most Out Of  Inventory Lab?

If you are facing some of the issues already mentioned in this article and you feel that you are paying a lot of money for solving the problems, then it is high time that you consider a solution like Inventory Lab.

One thing should be crystal clear to you by now that Inventory Lab is for Amazon sellers and not for eBay.

Also, it is meant for the US marketplace.

Inventory Lab - Seller

So if you are interested in using it, then you can either be an international seller who has also launched into the marketplace of the US or a US seller.

FAQs On Inventory Lab Review 

✅ What does Inventory lab do?

InventoryLab works as the feature-listing service for the Amazon sellers. It helps sellers information such as FBA, Merchant Fulfilled, new, and used prices, as well as whether Amazon is selling the item and who owns the buy box.

🔥 Is Inventory lab a Repricer?

Inventory lab is not a repricer but works with aura amazon repricer. It works by listing the items on Amazon and setting up the prices using the aura amazon repricer. Users can list new items in inventory and track key metrics like SKU and profitability.

🚀 Is Inventory lab Good for accounting?

Yes. Inventory lab can also work as the accounting software for your Amazon business by giving the information on profit and loss and the overhead expenses. Thus, the software can prove to be a great time saver and cost saver.

🏆 Is there an app for Inventory lab?

Yes. Inventory lab has a great mobile app for Android and iPhone. Sellers can use this app for free.

⚡ Does inventory lab work with Ebay?

Yes. Inventory Lab works with other marketplaces like eBay and Etsy.

⭐ Is Keepa included in Inventory lab?

Keepa is now included with the Inventory lab. This app helps to identify the progress of your Amazon product and track the performance. This can be done by using the Keepa link.

🎉 Does inventory lab work with QuickBooks?

Yes. Inventory lab works with Quickbooks.

In this article, we have answered various questions related tp Inventory lab:

What does inventory lab do?

Is inventory lab a Repricer?

Is inventory lab Good for accounting?

Is inventory lab an app?

How do you use inventory lab?

Which sellers will get the most out of Inventory Lab?

Inventory Lab – Are There Alternatives?

Features: InventoryLab can help sellers to effectively manage their inventory in a record-keeping and order management system.

Advantages: InventoryLab provides all the necessary tools for improving the process of product listing on Amazon FBA, such as listing properties, reviews, ratings, user ratings, reviews on seller site and live customer feedback. It can also assist with inventory management.

Benefits: InventoryLab helps you to keep track of products you sell efficiently.

Inventory Lab Customer Reviews on Facebook:

Chris De Santis recommends InventoryLab.

PRO: Tons of features. Great to see a top down view of your business.
CON: If you don’t have a cell signal – you cannot scan products.
Any plans do have a local Amazon database to download so you can use this when you don’t have a cell signal? This is possible with some of your competition, NeatOScan and ASellerTool for example.

Bob Schultz recommends InventoryLab.

Won’t do FBA without it! And there support is some of the best I’ve ever experienced.

Angie Thompson Ritchey recommends InventoryLab.

This has got to be the BEST service for FBA sellers out there. I’ve been using them for about 6 months. As long as I’m selling, I will be using ILab.
Sure, they make listing easy, but that is just the GRAVY. The meat on the bones comes in with the BOOKKEEPING! If you are tired of constantly trying to keep your spreadsheets updated so you can see what sold, for how much, what was the ROI, how much PROFIT made (not sales…PROFIT) and a PLETHORA of other things. Then ILab will MORE than meet your expectations.
And to top it all off? Let’s just throw in an amazon search engine why don’t we? You can type in the name of the item you are researching and TADAAA!!! ILab will pull ALL the listings that match. It’s just a quick skim to find the listings you want to investigate further and those you want to just leave alone.
Their service is MORE than worth every penny.
6 out of 5 stars for me!

Maria L Pantalone recommends InventoryLab.

Superb!! Amazing support staff and I appreciate the hard work they all do, from the owners to the customer support. Thank you! A+++++

Conclusion: Is Inventory Lab the Best Amazon Seller Software? Inventory Lab Review

When you talk about the pricing, then you will be very happy with the quality of the services of the Inventory Lab. It is definitely great value for money.

Some of the impressive recent updates are the ability to add in Shipping Rate to the ROI calculator as well as expiration dates on the basis of the rising trends and customer feedback.

Managing your Amazon business is a time-consuming process. You have to track profits, keep an eye on inventory levels and make sure you are always getting the best price for your items.

Inventory Lab has been designed with these problems in mind and can save you hours of work each month. It’s easy to use interface makes it accessible even if you aren’t tech-savvy, while its advanced features give experienced users access to powerful tools that help them grow their businesses quickly and easily.

Using this tool means that you can spend less time managing crucial aspects of your Amazon business so that you can focus on growing it further instead!

At the end of the day, it is a good sign. You need to keep up with the pace of business on Amazon as it is really fast-paced.

For this purpose, you will be requiring tools like IL or Inventory Lab. Go for a 30-day trial and then you can analyze the extra time required for your core business.

Meanwhile, check out some of our Amazon Tools Review:

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