Appsumo Select

Inventory Boss – The Perfect Fit for AppSumo Select

Executive Summary

Inventory Boss is a comprehensive training course and innovative SaaS solution tailored for ecommerce businesses operating on platforms like Amazon, Walmart, Shopify, and WooCommerce.

It addresses a huge pain point in the ecommerce space:  There are no training courses that teach ecommerce sellers how to manage their inventory and logistics. Even though inventory purchases are the largest expense in any ecommerce business. (Crazy… I know!) 

See our USP below… 

The Inventory Boss was developed by Michael Weir, a 10-year ecommerce seller and certified inventory specialist (CPIM), Inventory Boss uniquely combines a comprehensive video training course with a powerful software application. This dual approach equips users with both the knowledge and tools necessary to master their ecommerce inventory management.

The platform features seamless integration with ecommerce platforms via their APIs, enabling daily updates of inventory levels and monthly aggregation of sales data. This functionality supports real-time inventory monitoring, historical sales analysis, seasonality and accurate demand forecasting. Key features include automated Reorder Point calculations, a Snapshot table for tracking inventory status, and weekly email alerts to preempt stockouts. Inventory Boss stands out as the only solution offering specialized training in e-commerce inventory management, making it an essential tool for optimizing operations and driving business growth.

About Michael Weir: Michael Weir, the founder of Inventory Boss, is a seasoned e-commerce seller with over a decade of experience in the industry. He is certified by the Association for Supply Chain Management (ASCM) with the CPIM (Certified in Production and Inventory Management) certification, which underscores his expertise in the field of inventory management and logistics.  This certification is a testament to his deep understanding of the complexities involved in managing inventory effectively. (click the image below)

Epilon, LLC: Michael’s company, Epilon, LLC, is recognized as an approved Amazon software partner. This prestigious partnership highlights the company’s commitment to providing top-tier software solutions that meet the stringent requirements of e-commerce sellers on one of the world’s largest online marketplaces.

Product Overview

What is Inventory Boss? Inventory Boss is a cutting-edge solution that combines an online video training course with a powerful SaaS application to streamline and optimize inventory management for e-commerce businesses. The platform is designed to teach users an 8-step process for effective inventory management, providing both the knowledge and tools necessary to master this critical aspect of their business operations. Our subscribers become inventory managers!

Primary Functions:

    • Online Video Course:

The course offers in-depth training on all aspects of inventory management, covering both basic and advanced methods. Structured around an 8-step process, it ensures that users gain a thorough understanding of each step and how to implement it in their business.

    • SaaS Application:

The software integrates each step of the 8-step process, allowing users to apply their knowledge, and their business data, directly within the platform. This seamless integration helps automate and simplify complex inventory tasks, making it easy for businesses to manage their stock levels, forecasts, and orders efficiently.

The 8-Step Process:

  1. Data Collection and Analysis: Sellers will learn how to gather and analyze their historical sales data from multiple e-commerce platforms via API integration with each platform.
  2. Reorder Points and Forecasting Future Sales Demand: Sellers will master techniques that teach them when to order inventory and forecasting demand based on historical data and market trends (how much to order).
  3. Seasonality Adjustments: Sellers will learn how seasonality indexes are created and used in forecasting.
  4. Manual Adjustments: Sellers will learn how to make manual adjustments in their forecasts to cover known events planned for the future (Prime Day, coupon promotions, Black Friday).
  5. Order Optimization: Sellers will learn the appropriate use of the Economic Order Quantity (EOQ) to ensure they are properly balancing order costs with storage fees.
  6. Consolidated Shipping: The SaaS will consolidate all orders and guide the seller to the best sized shipping container, generate factory orders and shipping manifests.
  7. Warehouse Balancing: The SaaS will calculate the number of units to send into Amazon’s FBA distribution centers to ensure they have enough stock and to minimize Amazon’s high storage fees.
  8. Forecast Refinement:  The SaaS calculates the monthly difference between forecasted demand and actual sales, giving the seller a way to refine (make more accurate) future sales forecasts.

Target Audience: Inventory Boss is designed for ecommerce businesses that operate on platforms such as Amazon, Walmart, Shopify, and WooCommerce. These businesses often struggle with challenges related to inventory management, such as forecasting demand, managing cash flow, and minimizing storage costs. Inventory Boss addresses these pain points by offering a comprehensive solution that combines education with automation, helping businesses optimize their inventory management processes.

Market Fit

Inventory Boss is designed for small to large-sized e-commerce businesses that operate on major platforms such as Amazon, Walmart, Shopify, and WooCommerce. These platforms represent a vast and growing market of online sellers who need effective training and tools to manage their inventory and logistics.

Statistics on the Number of Sellers:

Amazon:

  • Total Sellers Worldwide: Approximately 9.7 million sellers.
  • Top Sellers: Over 150,000 sellers generating more than $100,000 annually.
  • New Sellers: Approximately 3,700 new sellers join Amazon daily. 

Walmart:

Shopify:

Total Websites: Over 4.4 million websites powered by Shopify globally.

WooCommerce:

Unique Selling Proposition (USP)


What Sets Inventory Boss Apart: Inventory Boss distinguishes itself from any competitors through its integrated approach that combines a detailed training course with a powerful SaaS application. This dual approach ensures that users not only understand the principles of effective inventory management but also have the tools to implement them seamlessly.

Integrated Training Course and 8-Step Inventory Management Program:

Integrated Training Course: Inventory Boss is the only SaaS solution specifically designed for e-commerce inventory management that includes a comprehensive training program. This online video course (in our member’s area) educates users on both basic and advanced techniques, making the complex task of inventory management accessible and manageable.  We teach a simple 8-Step inventory management system that can handle any size business.  

8-Step Inventory Management Program: The The 8-step program is meticulously designed to cover all aspects of inventory management, including data collection and analysis, forecasting future demand, freight consolidation, warehouse balancing and continuous refinement. This structured approach ensures that users can implement best practices and optimize their operations efficiently.

Note from Michael:  The Boss was developed out of sheer necessity. I needed a solution for my business.  Once I had it figured out, I started helping my seller friends.  That lead to invitations to speak at ecommerce conferences and mastermind events, to developing the SaaS, creating the course, and earning the CPIM certification, etc.   The story makes a great read:  https://inventoryboss.com/8steps

The bottom line: Sellers who use a spreadsheet(s) for their inventory management are tying to solve a complex three-dimensional problem with a simple two-dimensional tool.  The limiting factor is… data.  A database (with integrated software) is required to gather the data necessary to solve this three-dimensional problem.  That is what the Boss does.

Key Features of Inventory Boss

 

  1. Integration with E-commerce Platforms:
    • API Interactions: The SaaS interacts with various e-commerce platforms via their respective APIs to fetch inventory and sales data.
    • Daily Inventory Data: Inventory levels are updated daily, providing users with a current view of their inventory levels.
    • Monthly Sales Data: Sales data is fetched monthly to build historical sales histories and forecast future sales.
  2. Real-Time Inventory Updates:
    • Refresh Button: Users can manually refresh inventory levels to get real-time data per SKU.
  3. Forecasting and Seasonality:
    • Historical Sales Data: Monthly sales data allows the SaaS to build a historical sales history for each SKU.  This data is used to calculate the sales trends for each product (across all ecommerce platforms) and serves as the basis for building seasonality indexes and forecasts of future sales.
    • Seasonality Indexes: The system calculates seasonality indexes per SKU to predict future sales patterns.
    • Forecasting Future Sales:  Forecasting future sales is the heart and soul of inventory management.  The sellers are trained (in the video course) in the three best methods (math formulas) for forecasting future sales, and the SaaS allows them to select their preferred method, then does all the calculations for them.
  4. Reorder Points and Inventory Alerts:
    • Reorder Point Calculations: The SaaS calculates Reorder Points (ROP) for each product, helping users determine optimal reorder times.
    • Snapshot Table: A snapshot table shows how close each SKU is to its reorder point and when inventory needs to be sent to FBA (Fulfillment by Amazon).
    • Weekly Email Alerts: Users receive a weekly email advising them if they are approaching a reorder point or about to run out of product in FBA, regardless of recent logins.
  5. Optimized Freight Expenses:  The SaaS helps the seller to maximize profitability by optimizing freight expenses.

These features ensure that Inventory Boss provides a comprehensive, real-time solution for managing e-commerce inventory, helping businesses stay on top of their inventory needs and avoid stockouts or overstocking.

Software Demo



  1. Demo with clean Audio

What Others Are Saying About Inventory Boss

Jesus Diaz

Jesus Diaz

Amazon Seller

“Avoid really costly inventory mistakes…”
Mike does a wonderful job explaining complex inventory concepts in a way that is easy enough to understand, the concepts alone could help anyone to take better inventory. The software does all calculations automatically so you don’t need to worry about formulas, but understanding the principles will allow you to take the most out of it and avoid really costly inventory mistakes.Natashia Menshe

Natashia Menshe

Amazon & Ecommerce Seller

” I trust Michael 110% …”

 
I always know my company is in good hands with his innovative software tools….
I chose to work with Michael from Inventory Boss to help manage and optimize our inventory because he himself is a seller on amazon and truly understands the pain points we sellers struggle with. I trust Michael 110% so I always know my company is in good hands with his innovative software tools. He’s helping me manage my company in a way more optimized and scalable way! Love it!Kerry Sebree

Kerry Sebree

Amazon & Ecommerce Seller | Walmart Retailer

“More profitable, but also more confident than you’ve ever been…”
 
Michael Weir takes you on a journey through your own business that will leave you not only more profitable, but also more confident than you’ve ever been.Sam P.

Sam P.

Amazon Seller

“Michael shows you how to take a data-driven approach to your inventory management.”
We’re a seven figure seller with over 50 SKUs, managing our inventory via Google sheets. It’s a painful process and we often find errors in our data. I listened to Michael speak at a conference and immediately after raced to take his Inventory Boss course. Inventory management is hard and can be scary. Michael shows you how to take a data-driven approach to your inventory management. He is able to distill complicated supply chain concepts into bite sized lessons to help you learn. Even if you’re not a spreadsheet or math person, you can easily understand how to perform the calculations and apply this to your business. This will level-up your operations and make you a more sophisticated seller — and more importantly, efficiently manage your cash flow. His course and software will transform your business, and save you time and headaches! Thank you! This has been extremely helpful for me — it’s going to professionalize my business big time.

Demo Video

https://vimeo.com/957904555?share=copy[hfe_template id=’8845′]