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:
You can manage product activation using the Product Settings feature. For more information on activating your products and using this option, please read:
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 directly in the My Products → Product Settings section. 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 → This information is pulled directly from My Products, not Amazon. If you edit the name of your product in that section it will effectively change here.
🔸 Inventory Status → The status of your current inventory levels.
Reorder Now means you will most likely run out of stock if you keep selling at your Average Daily Sales rate. This is because your Lead Time is greater than the number of days of inventory you currently have. You should reorder this product right away to minimize the days you will be out of stock.
Reorder Soon means you are within a 7 day window of the Reorder Now status. This means you should reorder this product right away and have 7 days or less to order and avoid a stock out.
🔸 Date to Reorder → This shows you the latest date for you to reorder your products to avoid a stock out. This is based on your Inventory Level, Inbound Units, Lead Time and Days Remaining.
🔸 Reorder Quantity → This is the recommended number of units you need to order on the recommended reorder date.
🔸 Reorder Cost → The cost of purchasing the recommended reorder quantity.
🔸 Reorder Profit → This shows you the potential profit from the recommended reorder quantity.
🔸 Reorder Days of Supply*** → This represents how many additional days of selling you'll have once your next inventory reorder arrives.
🔸 Inventory Level → How many available units you currently have at Amazon. This does not include any inbound units, as technically they are not available for shipment. Jungle Scout pulls the inventory units that Amazon tags as inventory ready to be sold to customers. Essentially, Inventory Level is just the inventory report that comes straight out from amazon. This means that any units stored in third-party warehouses won't be included (at the moment we don't have an option to add these units manually).
These are the additional metrics you can select:
🔹 Inbound Level → The number of units on their way to an Amazon Fulfilment Center. Inbound units are considered when calculating Days Remaining, Reorder Date and Reorder Quantity.
🔹 Inventory-Level Cost → The total value, at cost, of your available inventory.
🔹 Inventory Level Profit → The potential profit of your available inventory.
🔹 Inventory Level Revenue → The potential revenue your current inventory could earn.
🔹 Average Daily Sales → The average number of sales per day for the product.
🔹 Product Lead Time*** → How many days it takes for your product to be manufactured, shipped, and delivered to an Amazon Fulfillment Center.
🔹 Days Remaining → This represents how many days you have remaining until you run out of stock.
🔹 Sales History → The sales history timeframe to be used in inventory calculations.
🔹 Average Profit Per Unit → Your average profit per unit for the sales history you selected.
***Keep in mind that Product Lead Time and Reorder Days of supply are values you need to input manually as part of your product costs.
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: