You can access Inventory Manager from the left-hand navigation panel. Depending on your Jungle Scout account settings, you'll see one of two messages:
In order to use Inventory Manager, first, you need to link your Jungle Scout and Seller Central accounts. If you need step by step instructions on how to complete this process, make sure you read the next article:
📘 Adding and Syncing your Amazon Seller Central & Jungle Scout Accounts
You can manage product activation using the Product Settings feature. For more information on activating your products and using this option, please read:
📘 Product Settings - Feature Overview
The last step is to enter your costs, lead times, and reorder days of supply. This will allow us to get an accurate summary of your inventory performance. You can do this from the Product Costs and the Product Settings menu. Alternatively, you can click on the Add Unit Cost link under the Reorder Cost column directly from Inventory Manager to access the Add Cost pop-up.
- Cost of Goods: Cost of labor and materials to produce your product. This is usually the price per unit on your invoice or purchase order.
- Product Lead Time: Product lead time should be entered in days. Enter the number of days between the time you first place an order until it is received and available for sale at Amazon. This includes production time, shipping time, transit time from the port to Amazon's warehouses and time for Amazon to receive your goods.
- Reorder Days of Supply: The number of selling days you want the reordered inventory to cover. This is used to calculate your reorder quantity. i.e. If you enter 90 days your reorder quantity will be your Average Daily Sales time 90.
Now it's time to choose how many days of past sales you want us to use for inventory calculations. You can choose between 15, 30, 60, 90, or 120 days. This offers you the flexibility to determine what the right time frame to use is for each of your products or orders. You know your products best and their sales history.
The number of days you choose for Sales History will be averaged over the same number of days to calculate your Average Daily Sales. Average Daily sales will be used to determine when you will likely run out of stock as well as how much inventory you should order and when. So it's important to make sure you are using the best Sales History number for your product.
A shorter time frame like 15 or even 30 days will capture short term trends.
A longer time frame like 90 or 120 days will smooth out spikes in sales a bit more.
If a holiday has just passed you would probably want to select a longer timeframe so that your average daily sales are not inflated which may cause you to over order.
Alternatively, if you were out of stock for several weeks during a long timeframe your Average Daily Sales may be too low and cause you to underorder.
We recommend you check your sales history and choose a timeframe that most closely represents what you expect your sales to be for the time frame you are ordering for.
You can also use Sales Analytics to get a better picture so you can select the best Sales History timeframe.
There are 10 columns enabled by default but there are xx additional options you can select. You can customize your columns by clicking on the arrow to expand the drop-down menu. Just check or uncheck the metrics you want to see on your inventory summary.
These are the columns enabled by default:
- Product Title
- Inventory Status
- Date to Reorder
- Reorder Quantity
- Reorder Cost
- Reorder Profit
- Reorder Days of Supply
- Inventory Level
These are the additional metrics you can select:
- Inbound Level
- Inventory-Level Cost
- Inventory Level Profit
- Inventory Level Revenue
- Average Daily Sales
- Product Lead Time
- Days Remaining
- Sales History
- Average Profit Per Unit
Here's an example of the inventory summary you'll see:
Click the arrow next to the Product Image to access a snapshot of that product's inventory:
If you want a detailed explanation of each column and their corresponding formula, please make sure you read our article on 📖 Inventory Manager Metrics