Dealing with overstocked inventory has always been a headache for many sellers. If there are too many overstocked stocks, they may not be able to get rid of the price, which leads to the difficulty of cash return. Now, the good news is that Amazon has reopened its Amazon outlet deals application and has a good choice to process inventory clearance.
Amazon outlet deals is a way to dispose of the backlog in Amazon FBA. The seller can get some cash backflow by submitting a withdrawal slip, paying long-term storage charges, or clearing inventory at a very low discount.
In the past few months, Amazon has realized that many sellers have a lot of inventory in their Amazon FBA warehouse. In order to help sellers speed up the sales of overstocked inventory and optimize the inventory level of products, Amazon has decided to reopen the registration application of outlet deals on all sites.
Currently open sites include: USA, Japan, UK, Germany, France, Spain and Italy.
After the adjustment, Amazon outlet makes it easier for sellers to find and submit qualified backlog products than ever before. Now, sellers can select the “create outlet deal” function from the “recommendations” drop-down menu on the background “manage excess inventory” page of the seller center of the whole site. In the past, this function was only applicable to U.S. stations.
1. To obtain clearance quota, the seller and the product must meet the following conditions:
2. There are two types of Amazon outlets:
Outlet deals are promotional offers submitted through create outlet deal. The selected discount products are displayed on the outlet page for a fixed period of time (usually two weeks).
Outlet sales is to submit price reduction through “create a sale”. The selected product will be displayed on the outlet according to customer requirements and product star rating.
3. How to create Amazon outlet deals from backlog
1). Create outlet deals in the “manage excess inventory” menu bar.
2). Click the “create outlet deal” button at the right end of the “show recommendations by” button to find the asin that meets the criteria of outlet deals.
3). Select Create outlet deal from the drop-down menu on the right. This option is displayed only for products that meet the criteria.
4). After viewing the recommended maximum clearance discount price, enter the price you want to set in the pop-up window.
5). View the start and end dates of your outlet deals and click Submit.
4. Maintain your IPI score with Amazon outlet deals
In addition, the IPI score (inventory performance index) will determine how much inventory a seller can keep in Amazon’s FBA in the third quarter in preparation for the Black Friday and pre Christmas sales season. If the IPI score is too low due to excessive inventory, the seller may have to pay additional fees from August this year. Therefore, if you have too much inventory, please check “Amazon outlet deals” in time to improve your IPI score.