Below are some common terms used in InventoryLab:
MSKU - SKU refers to a “stock keeping unit.” M refers to “merchant” MSKU is a Merchant SKU identification for the ASIN you are listing against, that is customizable to however you want to set it.
FNSKU - FNSKU refers to the fulfillment network sku assigned to your MSKU when listing products via FBA. FNSKU is the sequence embedded in barcode labels printed for FBA listed products. It is based on your listing against any given ASIN, so it is dependent on your MSKU and Condition.
ASIN - ASIN refers to Amazon Serial Identification Number. Every catalog listing is an assigned an ASIN. This is Amazons identification method for each catalog listing/page.
COGS - Cost Of Goods Sold. The direct costs attributable to the production of the goods sold by a company.
FIFO - FIFO refers to a “First In, First Out” system; this is a method for accounting for your price per unit, where the oldest (first) entry is accounted for first when the MSKU is sold.
ROI - ROI refers to return on investment, i.e. return per dollar invested. It is a measure of investment performance, as opposed to size.
Product Feeds - Feeds refers your product listings for any MSKU that you send to Amazon. Your product listings are the ASIN, quantity and price for a given item, and what shows your offer to a customer in the amazon catalog page.
Net Profit - Net Profit is your bottom line, after all fees and expenses are accounted for. Net Profit may also refer to your profit on unit; which is not only your Gross Profit (Income – Expenses) but considers your Price Per Unit as well (Income – Expenses – Cost) giving you a bottom line “net” amount for profit.
Supplier - Supplier refers to the source where you acquired any given MSKU.
Sort Sequence - Sort Sequence refers to the sequence in which the FIFO will be applied to your split cost for any given applicable MSKU. For example: MSKU_A has a cost of both $1.00 and $1.50. Sort sequence 1 has a quantity of 1 at $1.00. Sort sequence 2 has a quantity of 1 at $1.50. The first transaction (sale) for MSKU_1 will be accounted for at $1.00 since it was the first in the sort sequence. On the sale proceeding, InventoryLab will account for sort sequence 2, at $1.50
Estimated - Estimated refers to the status of your orders before they are reconciled. If you have sales within an open settlement period, InventoryLab estimates the following: Date the transaction posed, Sale Price, Fees, Commissions, Sales Tax. Until your settlement period closes and your sales reconcile, these attributes may not be 100% accurate for every order ID.
Reconciled - Reconciled sales is the status your estimated sales migrate to after a settlement period closes. InventoryLab will overwrite your estimated numbers with the data that amazon provides. This insures that your numbers are 100% accurate.
Settlement Period - Your settlement period is your payment cycle/Amazon payment disbursal period. Most sellers have a settlement period that closes every 2 weeks. If you have an older account you may be able to manually close the settlement period every 24 hours. Your settlement report is not available to download until your settlement period (payment disbursal) is closed. Once a payment is disbursed and initiated to your bank account, your settlement period is then closed.
30-UP Labels - 30-UP Labels refers to a sheet of 30 labels (1” × 2 5/8”) that are generally printed from a standard laser or inkjet printer. 30-UP labels are an alternative to printing individually with thermal labels. The major disadvantage to printing with 30-UP is that you are not able to label items as you list them. 30-UP labels can only be printed from Seller Central after your shipments are visible in your Amazon Shipping Queue.
Thermal Labels - Thermal Labels refers to any individual label printed from a thermal printer such as a Dymo, Zebra or Brother (for example). These labels allow you to set up auto-print in IL and print labels as you list items.
Replenish - Replenish refers to restocking an MSKU with more quantity. If you have an item already for sale on Amazon, and you want to send in more of the same item (when the condition is the same), you will need to reuse the same MSKU. When you list the item in IL, you will be asked if you would like to use the same MSKU. If you had an MSKU in the past that no longer has stock, you can simply delete that MSKU directly from InventoryLab when prompted to replenish, by simply clicking the “delete” button in the popup box. It’s important to note that Amazon only allows one active MSKU per ASIN per condition, so anytime you have active stock of the same ASIN and condition, you will want to make sure to use the same MSKU.