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SellerBoard vs Inventory Lab

SellerBoard vs Inventory lab
Table of Contents
Are you an Amazon seller seeking the optimal tools to streamline inventory management and maximize profits? Navigating the complex landscape of online sales demands efficient solutions, and in this article, we delve into a comparative analysis of two powerful platforms: SellerBoard vs Inventory Lab.
Understanding the nuances and benefits of these tools will allow you to make informed decisions based on your individual business goals and needs. Let’s take a look at the features, strengths, and functionalities of SellerBoard and Inventory Lab!
SellerBoardInventory Lab
PricingTiered pricing based on order volumeSubscription-based pricing with tiers
Best forIn-depth profit analysis and stock managementInventory management and financial reporting
FeaturesLive dashboard Product analysisInventory managerRestock alertsData export and financial reportsChrome extensionProfit analysis | Printing labels while listing | Custom MSKU creation | Inventory management | Accounting and financial tools and detailed reports | Scoutify mobile app
ProsA user-friendly platform Regular updatesConstant reminders Comprehensive posting, research, and accounting web application | An easy-to-use interface | Making live batches that go right to Amazon shipment plans
ConsLimitations in the starter planUnresponsive to highlight requests
Ease of UseUser-friendly and convenient interface for accountability and profitabilityVery easy-to-use interface   
Value for Money The prices (starting at $19 to $79) are very competitive compared to other services – gives a 30-day free trial without needing credit card detailsGives you all benefits but sadly restricts you to one plan, i.e $50 per month, which includes a 30-day free trial
Customer Support24/7 customer service, all around the clockPositive reviews – live chat available

What is SellerBoard?

What Does SellerBoard Company Does?

To compare SellerBoard vs Inventory Lab, we need to get to know each tool better. SellerBoard is a robust software tailored for Amazon sellers, especially those engaged in online arbitrage. It offers a centralized dashboard for real-time business insights, including profit analysis by tracking sales, expenses, and profit margins. 

This tool simplifies inventory management, predicts restocking needs, and highlights slow-moving items. Financial reports, automated alerts, and competitor pricing insights are also part of its features. SellerBoard seamlessly integrates with Amazon’s Seller Central and is user-friendly for sellers of all levels. To know more about this tool, you can read SellerBoard reviews

What is Inventory Lab?

Inventory Lab is another comprehensive software designed exclusively for Amazon sellers, aiming to streamline multiple facets of their business. It simplifies inventory management, profit analysis, and financial tracking. Its features include inventory control, profit analytics considering fees and expenses, accounting tools, detailed reporting, seamless integration with Amazon Seller Central, and a mobile app called Scoutify for product sourcing. With a user-friendly interface, Inventory Lab caters to both novice and seasoned Amazon sellers, offering a comprehensive solution to optimize workflow and enhance profits. We suggest reading Inventory Lab reviews to get to know this tool from the users’ point of view. 

SellerBoard Features

SellerBoard offers a comprehensive set of tools and features designed to provide Amazon sellers with precise and insightful information, helping them effectively manage their businesses. To better compare SellerBoard vs Inventory Lab, Here’s an overview of its key features:

Live Dashboard

Obtain real-time information on sales, profits, Amazon fees, and various costs related to your products. Customize metrics and analyze detailed reports for any chosen period, providing an in-depth view of your performance.

Product Analytics

Access detailed data for individual products across different periods or markets, including sales, profits, taxes, and associated expenses. Monitor Amazon rates and fixed costs effortlessly.

Inventory Manager

SellerBoard Inventory Manager

Divided into four main subtools – Planner, Purchase Orders, FBA Shipments, and Suppliers – this feature grants control over supplier purchase orders. Manage, track, and export orders to suppliers while accurately allocating costs related to manufacturing, transportation, and other fees. The inventory planner keeps you informed about restocking needs and integrates with FBA shipments for streamlined tracking.

Live Time Value

Unique to SellerBoard, this feature allows tracking and analysis of repeat customer behavior, providing insights into the revenue generated by returning customers.

Restock Alerts

Get automatic alerts based on your recent sales data (3, 7, and 30 days) to notify you when it’s time to restock your FBA inventory or place new orders with your suppliers.

Data Export

Easily export your data to a text or spreadsheet file for convenient analysis and record-keeping.

Automatic Responses

Send automated messages to buyers to gather more feedback and product reviews, and enhance customer service.

Money Back Reports

Access reports to reclaim FBA reimbursements for lost or damaged products in Amazon’s warehouse or cases where Amazon owes you money for customer returns.

Alerts

Receive real-time email alerts for various critical events such as changes in listings, detecting hijackers, Buy Box loss, fee changes, and more.

eBay Integration

Sync Amazon products on eBay, manage eBay orders through Amazon FBA, and synchronize order delivery details between eBay and Amazon, with access to client lifetime value and order statistics.

Report Automation

Automate the generation of SellerBoard reports, receiving them via email or downloading them through a URL.

Chrome Profit Calculator

SellerBoard Profit Calculator

A user-friendly Amazon FBA calculator is available as a Chrome extension, displaying crucial metrics like selling price, FBA fees, monthly storage fees, estimated sales, and profit margin.

Support for 21 Marketplaces

Originally supporting 8 marketplaces, SellerBoard now operates seamlessly across all Amazon Marketplaces, providing comprehensive support for sellers globally.

Inventory Lab Features

To illustrate this tool’s capabilities and compare SellerBoard vs Inventory Lab, we’ll highlight its most beneficial features below: 

Detailed Business & Expense Reports Access

For online sellers, data is crucial. Inventory Lab offers comprehensive reporting covering sales, reimbursements, profits, and losses, allowing thorough monitoring of your store’s finances and performance.

Print Product Labels While Listing

Utilizing Scoutify, you can instantly print and attach labels to listed items, saving up to an hour per inventory batch and streamlining the labeling process.

Control FBA Warehouse Distribution

With Inventory Lab’s Private workflow, you can consolidate inventory submissions to limit dispersal across multiple FBA warehouses, reducing costs and complications.

Efficient Buy List Integration

Scoutify simplifies listing inventory by allowing scanning, price input, and consolidation of items into a Buy List, streamlining the inventory upload process to Inventory Lab.

Custom MSKUs Creation 

Inventory Lab facilitates the creation of custom MSKUs, allowing sequential numbering and inclusion of valuable details like ASIN, supplier, and buy cost for efficient inventory tracking and repricing.

Product Prep Information Access

Inventory Lab offers guidance on Amazon FBA product preparation, reducing prep fees, saving time, and ensuring sales remain unaffected.

SellerBoard & Inventory Lab Pricing Plans [January 2024 Update] 

Sellerboard and Inventory Lab both offer various subscription plans suitable for beginner and expert sellers. We’ll compare the pricing plans of SellerBoard vs Inventory Lab in the table below: 

SellerBoardInventory Lab
Monthly$69/month$19/mo (Standard) | $29/mo (Professional)| $39/mo (Business) | $79/mo (Enterprise)
Annual$690/year$15/mo (Standard) | $23/mo (Professional) | $31/mo (Business) | $63/mo (Enterprise)

InventoryLab’s pricing might be a bit expensive for beginners as they offer a single plan priced at $69 per month. Additionally, to access their “insights” reporting feature, an extra $25 per month is required. In contrast, Sellerboard’s starting price is only $19 per month, giving it a significant price advantage for those beginning their journey.

SellerBoard & Inventory Lab Customer Support

SellerBoard & Inventory Lab Customer Support

Sellerboard provides excellent customer support alongside flexible pricing plans. Users across all four plans have direct access to the support team via email or live chat, with responses typically within 12 hours, often as quick as 20 minutes. The platform enhances usability by offering resources like blogs and a demo, allowing potential users to explore Sellerboard’s functionalities and understand its potential before committing to it.

Similarly, InventoryLab also boasts strong customer support services. The official InventoryLab website features a support section with two main options: the Support Portal and the Community Forum. The Support Portal hosts video tutorials, user guides, troubleshooting resources, webinars, customer coaching, and FAQs, providing comprehensive assistance at the click of a button. Additionally, the Community Forum allows sellers to engage with a broader community, sharing experiences and insights with fellow Amazon sellers.

Pros & Cons of Seller Lab

When comparing SellerBoard vs Inventory Lab, we realize each of them has its own pros and cons, which could be crucial when determining the best tool. Here are SellerBoard’s pros and cons: 

Pros:

  • User-friendly interface with effective communication skills
  • Regular updates introducing unique and significant features
  • Excellent expense tracker covering various costs for a comprehensive financial overview
  • Automated reminders and alerts for inventory status, restocking, and FBA reimbursements
  • Affordable pricing, contributing to a growing user base

Cons:

  • Limitations in the starter plan
  • Lack of a community

Pros & Cons of Inventory Lab

Just like SellerBoard, knowing the pros and cons of Inventory Lab can help when deciding which tool suits your business needs the best. Here are Inventory Lab’s pros and cons: 

Pros:

  • Comprehensive web application for posting, research, and accounting
  • Intuitive and easy-to-use interface
  • Label printing and live batch creation directly for Amazon shipment plans
  • Inclusion of a live-only scanning application

Cons:

  • Considered costly at $69 per month
  • Confusing and inaccurately organized accounting reports
  • Reported unresponsiveness to feature requests

Final Thoughts

Selecting and utilizing the right tools is pivotal for success on the Amazon marketplace. SellerBoard and Inventory Lab offer vital support to online arbitrage enthusiasts aiming to boost profits and streamline operations. SellerBoard caters to those valuing precision and thorough profit analysis, excelling in calculating true profitability and aiding inventory management. On the other hand, Inventory Lab provides a comprehensive solution, featuring robust inventory management and a user-friendly interface, ideal for those seeking an all-in-one platform for their Amazon journey. 

Ultimately, the choice between SellerBoard vs Inventory Lab depends on individual needs, budget, and adaptability to learning curves. Both tools promise increased efficiency and profitability; so you just have to decide which one suits you more! 

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  1. By reselling on Amazon, you can take advantage of the peak shopping seasons and events, such as Prime Day, to maximize your sales potential.

  2. The seller community on Amazon is supportive and collaborative, providing opportunities to connect, learn, and share insights.

  3. With Amazon’s vast customer base and global reach, retail arbitrage provides a wide market to sell your sourced products and reach customers worldwide.

  4. The comprehensive suite of seller tools and analytics provided by Amazon helps resellers track sales, monitor performance, and optimize their strategies.

  5. The adaptability and constant learning required in retail arbitrage keep the business exciting and challenging, allowing you to constantly refine your strategies and find new profitable opportunities.

  6. Selling as a reseller on Amazon gives you access to a global customer base, expanding your reach and potential for sales.

  7. With reselling on Amazon, you can tap into the massive customer base and global reach of the world’s largest online marketplace.

  8. With online arbitrage, you can tap into various online marketplaces and retail websites to discover products with profit potential.

  9. The data-driven insights and market analytics provided by Amazon empower resellers to make informed decisions and identify profitable opportunities.

  10. With Amazon FBA, sellers can benefit from Amazon’s customer reviews and ratings, which act as social proof and help build trust with potential buyers.

  11. Reselling on Amazon provides access to valuable data insights and analytics that can help optimize pricing and inventory management.

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