The majority of the features included in each account are the same, it’s just the volumes and limits that differ. See all your current product listings and enter your cost of goods (COGS) to ensure your data is up to date. Multiple platforms like SaaS, iPhone, Android are allowed only in sellerBoard and InventoryLab only runs on SaaS, which is a major drawback to this software. Apart from this automated information, some part of it is entered manually like the cost of a single item, miscellaneous payments such as software for accounting, expenditure on education, and supplies of software. With Inventory Lab’s Private workflow, you can consolidate inventory submissions to limit dispersal across multiple FBA warehouses, reducing costs and complications.
InventoryLab Overview
InventoryLab, on the other hand, excels in offering an all-encompassing inventory solution. It integrates inventory management with financial insights, providing a holistic view of the business. Key features include tracking individual SKU profitability, accounting for inbound inventory costs, and managing stock levels. InventoryLab’s standout feature is its seamless integration with Scoutify, aiding in sourcing profitable products directly into the inventory system. This integration not only simplifies inventory management but also enhances the decision-making process regarding product sourcing and sales strategies.
Control FBA Warehouse Distribution
Inventory Lab has a higher cost at $69 per month but includes comprehensive features beneficial for more established sellers. Inventory Lab offers comprehensive reporting covering sales, reimbursements, profits, and losses, allowing thorough monitoring of your store’s finances and performance. So whether you need software tools for online arbitrage, retail arbitrage, or private label research, we’ve got you covered. Sellerboard’s customer support is structured around efficiency and accessibility.
- The prices starting at 19 dollars to 79 dollars per month is the very competitive price offered compared to other services.
- Overall, you can get a lot done and free up more of your time by using this tool.
- Sellerboard currently offers a 1 month free trial, and they have 4 pricing plans to choose from depending on your needs.
- Comprehensive reports are also available, ensuring you know which products and suppliers are the most profitable.
They now include the ‘BuyBotGo’ mobile app so you can scan products while doing retail arbitrage and see all the vital data what is the allowance method to help pick products. SourceMogul can quickly scan hundreds of online stores searching for the best deals. You can adjust filters for profit, ROI, sales volume, category, cost price, and many more.
Ease of Use: User Interface and Learning Curve
When you purchase new inventory, you can add documentation and information into the purchase order section to accurately track your shipments. New goods received will also automatically be added to the products section of your Sellerboard account. User reviews and community feedback are invaluable for assessing tools like Sellerboard and InventoryLab from a real-world perspective. Although sellerBoard has quite a cheaper pricing plan, InventoryLab, despite being a little expensive, offers a ton of options to the Users. InventoryLab is one of those software that give you all benefits but sadly restricts you with one plan i.e. $50 per month, which includes a 30 days trial.
If you choose to sign up as a paid user, you can access this same data beyond the 60 days at no extra cost. From sales, reimbursements and refunds, to profits and losses – you can track almost anything related to your store’s finances and performance from this platform. If you’re starting out on a budget and selling less than 3,000 orders per month, this might just be the perfect tool for you. Of course you can use it at any level, but the majority of sellers doing more than 3,000 orders per month are already committed to whatever software they chose in the beginning. Sellerboard currently offers a 1 month free trial, and they have 4 pricing plans to choose from depending on your needs. If you’re also selling on eBay, this part of the Sellerboard software will help you manage your sales and profit on that platform.
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Profit Features
Additionally, Sellerboard’s detailed profitability analysis for each SKU helps sellers identify which products are performing well and which are not, enabling more informed inventory decisions. InventoryLab, on the other hand, is often praised for its all-encompassing inventory management and thorough financial reporting. Its integration with Scoutify for product sourcing is a highlight among users. While it’s recognized for comprehensive functionality, some users point out the initial learning new rules for reporting tax basis partner capital accounts curve involved. Sellerboard provides excellent customer support alongside flexible pricing plans.
