This article explains the upcoming changes to how we calculate long-term storage (LTS) fees, and what actions you can take to manage your inventory and costs.
What's Changing?
From August 1st, we are implementing a new, more accurate way of tracking inventory aging. This may affect the number of your items that are subject to Long-Term Storage (LTS) fees.
We have improved the accuracy of our inventory tracking systems and, as a result, some products that have been in our fulfillment centers for more than a year have now been correctly identified.
What This Means for You
- More Accurate Inventory Aging: Our new system provides a more precise calculation of how long your inventory has been stored.
- Potential for Increased LTS Fees: With this improved accuracy, you may see an increase in the number of your units that qualify for LTS fees. We are making this change to more accurately reflect the storage costs of slow-moving inventory.
- Updated Reports: The "Inventory - Units in Long Term Storage Report" in your seller portal will be updated to reflect these changes.
Actions to Take Before September 1st
We encourage you to review your inventory aging reports in the seller portal as soon as possible. To avoid additional fees, you have the following options for inventory that has been stored for over a year:
- Remove the Inventory: You can submit a removal order to have the inventory returned to you.
- Dispose of the Inventory: You can request to have the inventory disposed of.
Please take the appropriate action to remove or dispose of these units to avoid additional fees.
If You Take No Action
If you do not remove or dispose of your long-term storage inventory, you will be charged the new LTS fees on the next billing cycle, starting September 1st.
We're Here to Help
If you have any questions about these changes or need assistance, please do not hesitate to reach out to our support team.