Sep 19, 2023 12:00AM
Struggling with Amazon 1P Profit? Three Pitfalls to Avoid. Watch out for Shortage Claims, Chargebacks, and Hidden Costs. Thanks, Isaiah.
🚨 3 Things Eating at Your Profit on Vendor Central / Amazon 1P: 🚨
Have you ever wondered why your profitability on Vendor Central isn't what you hoped for? Isaiah Fritz recently sat down with Chris Khoo, an expert in Vendor Central intricacies, and uncovered the top three challenges brands face on Amazon 1P:
1️⃣ Shortage Claims: While many are familiar with this term, not everyone truly understands its implications on their bottom line.
2️⃣ Chargebacks: Specifically, the dreaded PO on time accuracy chargebacks that can be a silent profit killer.
3️⃣ Hidden Costs: Things like admin time and warehouse process inefficiencies which may seem trivial but cumulatively have a significant drag on your account's efficiency and profitability.
Chris emphasizes the importance of data-driven decisions to tackle these challenges head-on. The goal? Streamline processes and boost the profitability of your Vendor Central account.
“Some companies have a basic understanding of these issues, but addressing them with a data-driven approach can be transformative for your business on Amazon.” - Chris Khoo
Is your brand facing these hurdles? If so, it might be time for a deep dive to optimize your Vendor Central operations.