How to Use Replenishment Page
Every FBA seller is aware that adjusting inventory when it comes to Amazon standards might be challenging, and your business needs to keep it balanced to get success. It may be hard to take care of every single inventory by yourself, but the silver lining is you do not have to!
EVA has a very comprehensive Replenishment feature that covers all of the inventory for you. You can monitor how many items you need to replenish to Amazon and when to replenish them from that screen.
On top of the screen, you can see three markers that identify your settings. When you first enter the replenishment page, those numbers you see below will come as default. You can change your period settings by clicking on the ‘Manage Settings’ button.
Let’s examine the process based on the numbers above. The replenishment system calculates your sales for 30 days for each SKU and starts to monitor your inventory based on this sales amount. It is expected that there will be approximately the same amount of sales for every 30 days and stocks should be enough to compensate. This ‘time range’ is referred to as the ‘Full Replenishment Period.’
Replenishment Alert Period means; if your inventory goes below the number which equals 21 days of optimal sales, then the replenishment system starts to warn you to complete your replenishments to cover 30 days of inventory.
You can also see this warning next to your SKUs on the Pricing Management page with the orange bell icon.
Stock-Out Alert Period means; if your inventory goes below the number that equals 14 days of optimal sales, then the replenishment system begins to alert immediately.
You can also see this warning next to your SKUs on the Pricing Management page with the red bell icon.
Below the Replenishment Settings will be three cards; SKU Value, Fund Forecast, and SKU Forecast. In the SKU Value card, you can see cost values belonging to all of your in-stock SKUs, inbound cost values, and the amount covers a potential Full Replenishment.
When you come to the Fund Forecast, if you hover over the search bar on the top three options will appear; you have to choose according to the replenishment range you want to cover.
Let’s say you choose Replenishment Alert Period; Required Fund amount to cover the selected replenishment range will appear on the window. In this example, replenishing all the SKUs to cover 21 days of sales will cost $56.274.46.
Your Spending Power demonstrates the amount you are able to spend to replenish your items. You may change this amount to your income. Once you enter a manual amount on this box and click on ‘Simulate,’ the system calculates again by filling in the Stock Out Alert Period for all SKUs and continuing accordingly to your spending power and listing them due to the most profitable to the least.
Once you click on ‘Simulate,’ you will see information about your SKUs like their margin, sales price, sales velocity, and days of supply on the list below.
Your SKUs will be listed according to the Restock Day you selected. You can click on any typing on this list, and it will direct you to the SKU Scorecard.
The Replenishment Cost is obtained by multiplying the product cost by the number of products to be replenished.
Full Replenishment cost tells you the amount you will pay if you replenish all the products that need to be filled for a Full Replenishment Period; in this example, it equals 30 days. The SKUs are listed from the highest profit to the lowest due to the potential replenishment.
Potential Profit is calculated according to the Restock Day you have chosen. This feature is allowing you to make a more accurate and in-depth analysis.
When you hover your mouse over the top of the box, it shows the available, inbound, and backordered quantity you currently have.
Available stock displays with green, inbound stock displays with orange, and backordered stock displays with yellow color.
When you hover your mouse over the area till the 21 days marker, the chart will show you the amount you need to replenish to have 21 days of supply.
For example, 147 products need to be replenished for a 21 day supply. It will cost $978.48 and the Potential Profit is $1693.81
Full replenishment for Full Period costs $1533.76 for this SKU.
The Replenishment screen warns the products you need to replenish in time, provides you with the necessary information, and gives your time and money back.