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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

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Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
TechAmazon

Amazon Will Punish Sellers Who Don’t Move Stock From Its Warehouses

By
Lisa Marie Segarra
Lisa Marie Segarra
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By
Lisa Marie Segarra
Lisa Marie Segarra
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June 30, 2018, 12:16 PM ET

Amazon’s massive online inventory is bellied by its high number of third-party sellers, and it appears so is its warehouse inventory.

Amazon is now cracking down on third-party sellers who are using that warehouse space without moving any stock. After June 30, Amazon will begin scoring third-party sellers with an Industry Performance Index, CNBC reported.

That score can go below 350 if a seller isn’t moving inventory — either by selling it or by removing products that haven’t sold. Once that score goes below 350, Amazon won’t let the third-party seller send more products to its warehouses, and the products that are there and exceed Amazon’s storage limits will bring an “overage fee.”

The scores will range from 0 to 1,000 and will be reassessed each quarter.

“As we continue to grow and support more sellers that desire to make their products Prime-eligible, we introduced changes that will help sellers manage their inventory and help us more efficiently receive inventory and deliver products to customers,” Amazon said in a statement to CNBC.

Fortune reached out to Amazon for a comment, but did not receive an immediate response.

About the Author
By Lisa Marie Segarra
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