What is InventoryLab?
InventoryLab's applications help Amazon sellers streamline their product sourcing and listing, along with integrated cost-per-unit tracking and automated Profit and Loss (P&L) reports. We currently have three applications: Stratify, Scoutify, and ScoutX.
Stratify is our web-based, desktop application you can log in from anywhere at any time, simply by visiting the login page. Stratify is currently supported in Firefox, Chrome, Edge, and Safari browsers. We cannot offer support for Stratify used on any other browser as it is likely to exhibit unpredictable functionality. And while many have success using Stratify on a mobile device, we only support the use from a laptop or desktop computer.
When using Stratify, you can research profitable products by using our in-app resource tool called Scout.
Our mobile scouting app, called Scoutify, is available to help you source profitable products on the go. You can download this on your iOS device by clicking here, or for your Android device with this link.
ScoutX, our browser extension for Google Chrome, is designed to help you make informed purchasing decisions by providing quick access to a product's restrictions, variations, category, rank, and fee details. Click this link to go to the ScoutX page in the Chrome Web Store.
How does it work?
InventoryLab communicates with your Amazon seller account through what is known as their Selling Partner API (SP-API). At this time, Amazon requires you to have a Professional Seller account to access their API. In addition, InventoryLab only supports the US (.com) Amazon Marketplace at this time.
When you sign up and your trial begins we will synchronize ALL of your inventory (both Active and Inactive) and 60 days of past sales data to Stratify. This sync can take up to 48 hours.
When you become a paid user, email us and we will give you the steps to sync all of your Amazon data into InventoryLab.
The first thing you should do once your inventory has completed the sync process is to add in your costs, supplier, and purchase date information. This is important because all of your financial reports, including the sales transactions, profitability reports, refunds, etc use this information to give you information that helps in your decision-making.
To do this, use our import process to simplify the process:
We automatically sync most of your Amazon data into Stratify, such as fulfillment fees, storage fees, etc so that you don’t have to keep track of it manually. This page from our support portal outlines all of the income and expenses that we automatically keep track of for you to save you time.
And for any of the income or expenses that we don’t track automatically, such as your shipping materials, income from other marketplaces, etc you can manually create your own categories and input the costs and we will create a category on the Profit and Loss report to display this information.
As far as accounting, we pull sales and transaction information directly from Amazon from your settlement reports that arrive after each of your disbursements. (As mentioned, as a trial user, you'll be able to see the past 60 days worth of sales data.)
If you list through Stratify, you'll have the option to add all of your accounting information right then, including buy costs and supplier information:
If you typically list through Amazon, you can still track your inventory and accounting information, you'll just need to enter the information manually:
The accounting information applies to your sales in a FIFO order.
Stratify also offers profitability reports that allow you to assess how your online business is doing from more than one angle. In addition to profitability, you can also get a good take on inventory value, monitor your sales velocity, and view your overall Profit and Loss for any given timeframe.
Where can I learn more?
Our Support Portal is a very helpful resource, full of information you will find useful. Your InventoryLab application login email and password work here as well so you don't have to register an account. The support portal has a searchable database, and you can also open tickets or connect to support via chat. We also have our User Guide linked in the support portal to give you specific instructions on various parts of our applications.
We have support 7 days a week, with live chat available Monday through Friday.
Our tutorial videos, cover all of the various aspects of our application and are also a great learning resource. You can also find a variety of helpful videos on our YouTube Channel. The best way to learn is through our YouTube channel. On this page from the YouTube channel, it has videos taking you through the beginning steps all the way through entering box contents and creating your shipments.
But we also have articles that walk you through creating, listing, and completing a Private Batch located here:
Sign up for a webinar or a Customer Coaching session! We answer questions you might have as well as demonstrate the topic live!