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🎉 In this episode of Amazon Legends, SoStocked CEO Chelsea Cohen discusses proven strategies for avoiding stock-outs and forecasting inventory. Key takeaways include: ➜ Min-max restocking involves setting minimum and maximum inventory levels and always staying within that range. ➜ The ideal inventory turnover for Amazon sellers is typically between 30 to 60 days. ➜ Maintaining a good inventory level is important for maintaining high IPI scores and avoiding high storage fees. ➜ Geo-ranking is a factor that considers inventory dispersion throughout the country. Having enough inventory across the US is crucial to maintain good rankings and supply Amazon's two-day prime delivery. ➜ Examining the size and weight of products is essential for reducing fees. Understanding Amazon's fee structure, including dimensional weight, can help optimize packaging and reduce expenses. ➜ Packaging plays a crucial role in creating the perception of luxury and value for a product. Elaborate and unique packaging can enhance the perceived worth of a product. Full discussion: https://lnkd.in/eq_bZZf7 👈 #inventorymanagement #amazon #amazonfba #amazonsellers #amazonsellerwebinar #sellertips #ecommerce #business

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