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A warehouse is an indispensable part of every supply chain network, regardless of what the product, be that as it may, its location is critical as well. This is because it can help with lessening the order fulfilment time, exertion, and expenses. It further ensures your company’s ability to effectively and profitably serve your customer.

What is the Main Purpose of a Warehouse? Warehouses are basically a logistics system that a company uses for the storage of raw materials, agricultural produce, or finished goods until their distribution for sale. Once you start planning to construct your new warehouse, the unknown factors can be daunting and you’ll have many warehouse selection factors to consider.

Let us explore the following warehouse location procedure that will assist you with picking the most ideal site for your facility:

1. Physical Location The site of your warehousing center is essential to your business’s long-term success. Although there is not a “One Solution Fits All” when deciding where to locate and engage a warehouse, the location you choose should help you increase the efficiency of your warehouse’s supply chain.

2. Accessibility Picking your warehouse location strategically will affect your accessibility to your customers. A warehouse should be situated in such a location where it expands the overall efficiency of the supply chain of the firm, and in no way creates a setback in the shipment cycle.

Blocked streets, bad signaling, and highways can skyrocket the accident rates and fuel consumption and are tedious. This dilly-dallying can raise transporting costs, and adversely affect the synergies with the customers. Further, consider the following points with the transportation of products, be it to or from the warehouse:

Accessibility to highways and exit ramps

Access to public transportation

Highway interconnectivity

Average traffic volume and speed

Traffic peak hours

Road safety and conditions

Proper road signs and signals

3. Local Demographics Another essential aspect to consider while making decisions about warehouse location is to ensure that you are close to skilled labourers in the local job market. Do the workers are competent to handle the products? Do the services and setup come at a sensible cost for the organisation?Considering these factors while finding a location for your warehouse can reduce the cost of training and ensure high productivity levels. When the location has a demand for skilled workers, you could be spending more on operating costs and more significant compensations.

4. Layout Design and Flow of the Facility It means quite a bit to think about the design of your warehouse to pave the way for optimal productivity levels. For example, if you hold volumes of stocks, you might encounter more traffic than a specialty retailer. In such a case you need an expanded storage area with ordering units clearly defined so that products can be moved out of the way whenever required. This is what we call day-to-day flow.

5. Size and Capacity You need to choose a warehouse that meets all your business’s specific needs, including the capacity and infrastructure. A lot of undesirable fiascos can be avoided by being proactive and checking the storage necessities of the warehouse location.

6. Environmental Conditions When picking a warehouse site, the local weather condition is likewise an essential factor to consider. You may find a facility at a lower rental however it’s crucial to find if the location is prone to natural disasters.In case your warehouse facility produces too much noise, it may not be a good addition to the community near key schools and neighborhoods, since these disruptions could affect them adversely. In case your business deals with harmful material, choose an isolated area where there are no residences to ensure no harm or mishappening.

7. Supply Chain Partners While picking the best location for your warehouse, choose the one easily accessible to your supply chain partners. This will help in preventing delays in product conveyance times and will reduce transportation costs. Also, if you’re importing merchandise from suppliers abroad or exporting them, an ideal warehouse site should be accessible to nearby ports.

Conclusion Whether you are relocating or constructing a new warehouse for your business, choosing the right location is a crucial decision as it can make or break businesses. If you’re looking for the best location for your warehouse NimbusPost is at your service. Store your inventory near your customers & reduce delivery timelines while increasing your profit margin.

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Top 5 Ways to Reduce Product Weight Discrepancies

Every online business works hard to deliver the best product and customer service to its customers. Other than the product’s quality, customers’ delivery experience can make or break a brand’s reputation. There is a lot that goes behind a flawless customer experience. Weight disputes with a courier partner after a weight measure of products is a major issue. As the weight of a product can have significant implications on its shipping cost, businesses need to reduce the discrepancies as much as possible. Factors like evaporation during drying, uneven coatings application, and even the weight of the packaging material can contribute to weight discrepancies.

According to a survey, the average weight discrepancy for food products is around 2.5%. The average weight discrepancy is closer to 1% for other types of products. Let’s understand the best practices to reduce weight discrepancies and ways to implement them in your process. Here we go!

Top Ways to Reduce Product Weight Discrepancies

1) Accuracy is Important

Accuracy is an essential factor while weighing products before shipping. If you mismeasure product weights, it could lead to negative reviews and even fraud. However, if you measure correctly, you’ll be able to make sure customers are getting what they paid for. You can also use measurement tools and methods as part of your quality control strategy. Accuracy during a shipment can be as important as accuracy at your warehouse.

2) Use Scientific Scales

Weigh your products using a digital scale that measures weight down to tenths of a gram. If you can’t afford such an instrument, use a high-quality balance that measures weight down to tenths of an ounce. Both scales are considered accurate and are affordable enough for most product applications.

Regardless of which type of scale you choose; it is essential to regulate it frequently to know its accuracy remains intact. You won’t risk overcharging customers when shipping out their orders by accident. It is also necessary to keep track of each unit’s weight separately. If one unit weighs significantly less than another, there might be a problem with quality control in your manufacturing process.

3) Check the Moisture Content

Moisture content indicates how much water has been absorbed by your product. If you’re in a humid environment, there will be more moisture in your product, making it weigh more. Likewise, there will be less moisture in your product if you’re in a dry climate. That’s why you should always check both weight and moisture content before shipping products.

For example, if you’re shipping a 10kg product that has absorbed 20% moisture in a dry environment (i.e., 20% of 10kg is 2kg), it will weigh 12 kg instead of 10 kg. The same product shipped in a humid environment would absorb 40% moisture (i.e., 40% of 10 kg is 4 kg) and weigh 8 kg instead of 10 kg. It can lead to many problems with inaccurate weights — and false weights could mean losing customers! Ensure your products are constantly checked for moisture content before being weighed to avoid these discrepancies.

4) Use the Right Packaging Material

Packaging material is one of the essential factors to consider for reducing weight discrepancies. The proper packaging will keep your products safe and secure during transit, but it will also reduce shipping costs by keeping your product as light as possible. It means you’ll need to choose a packaging material that’s durable yet lightweight. If you’re not sure what packaging would be best for your product, talk with a packaging specialist; they can help you determine what kind of materials are available and which are the best for your needs.

Generally, a weight discrepancy occurs when a customer receives a product that weighs more than what was ordered. It can happen for many reasons, but it’s usually due to poor packaging. Following are some tips for reducing product weight discrepancies with packaging.

5) Use Software to Monitor Weights

If you’re concerned about product weight discrepancies, consider using software to monitor your weights. Smart scales record and update product weights in real-time, so you can always be confident that your products are precisely what you say.

Some platforms even offer email or text alerts when a discrepancy is detected. It is beneficial for businesses shipping high-value items or fragile goods like electronics, which require special attention during shipping. And if something does go wrong — you accidentally send an extra laptop, for example — you have evidence of it on file. The right software can help you reduce product weight discrepancies before they happen.

Next, set up software that helps you manage your inventory. Most of the shipping software integrate with standard shipping carriers, so you can automatically import your product information from carrier websites. It means you’ll always have access to accurate weights and dimensions for every product in your catalogue, making it easier to ensure weight discrepancies don’t occur after a product has been shipped. As a bonus, email or text alerts can be sent when there are changes to tracking numbers or delivery dates.

Conclusion

Weight discrepancies are a common problem in the shipping industry, but they can be easily avoided with suitable packaging materials and practices. Using solid and lightweight materials, making sure your boxes are proportional to their contents, and using software to monitor your weights, you can reduce product weight discrepancies and ensure that your customers receive exactly what they ordered.

So, there you have it! You can reduce product weight discrepancies and keep your customers happy with these tips.

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#E-commercedelivery #ecommerce

Which Shipping Mode is the Best One for Your Business?

There are many ways to get the products where they need to go. For example, one can transport products by rail, road, cargo ships, and air freight carrier planes. Most cargo trips are multimodal, which means they use more than one way to get to their destination. When deciding how to ship your products, you can select one or more product shipping modes. Think about how your packed product will travel for the longest time.

Which is the Best Shipping Mode? Choosing a main mode of transportation is a big decision that affects many things. Let’s talk about the pros and cons of each type of transportation.

1. Sea Freight: The best way to ship goods around the world Let us start with cargo shipping, the most well-known way to move freight. Before airplanes were invented, the sole way to send packages across the ocean was in a ship that could go through the water. We are listing below some benefits of Sea Freight Mode for shipping online products.

Worldwide Reach Today, you can ship products almost anywhere by sea or by availing of international courier services. It is because there is almost always an entry port nearby. Inexpensive The sea can send any cargo size at a very low cost.

All courier services

allow freight forwarders to share a room in their containers with other shippers. So, it is to move smaller volumes like cases, bottles, pallets, IBCs, and drums at reasonable prices.

2. Air Freight: A fast way to send important, perishable, or valuable products

Fast Delivery When time is important, nothing beats air freight cargo. Cargo aircraft usually fly at about 900 kilometres every hour. Also, cargo planes usually fly in straight lines, so there is no chance of an aerial traffic jam, making product delivery in India easy.

B. Less Risk

Still, air shipping is a very safe way to get around. Perishable products have a short shelf life. On the other hand, high-value products need tight security measures. It makes them both perfect for air freight.

3. Rail freight: Fast, reliable, and good for the environment If the delivery route is on land, rail freight is one of the most underrated ways to move cargo. It is reliable, safe, and fast, and there are not many delays.

.Reliable It is important to choose a logistics transportation mode or a leading delivery company that will be reliable. Rail freight transport is just that. Most climatic conditions do not affect trains. In addition, railway authorities keep track of how many people can use the tracks at once, so you will never get stuck in a traffic jam.

Safety One of the best things about rail freight transportation is keeping its cargo safe. One of the safest ways to move your best courier goods on land is through freight terminals and railways, safe places with low crime rates.

4. Road transportation: Beginning or Ending of all The second most typical way to get things from one place to another is by road, the easiest and fastest way to deliver products within the same country.

Integral Transport Products must be moved by road at least part of the way for every logistical move, if not the whole way. So, it is the second most common way and the most important way to get products around. On the road, though, there can be more contact points, making the costs of sharing trailers and containers less.

Minimized documentation When it comes to paperwork, road freight is also easier, especially if trucks do not cross borders. In addition, products are moved quickly by road because there are numerous haulers with varied vehicles to move your goods.

How You Get Around Depends on What is Most Important to You You may have noticed that none of the ways to ship cargo is better than the others. In short, you should weigh down the risk and cost against the cargo type and fastest courier service, how quickly it needs to be delivered, and other problems

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#ecommerce #e-commmerce delivery

Know How a Logistics Company Can Deliver an Outstanding Customer Service

Given the current structure of the world economy, the value of a good brand or a high-quality service is determined by the customers. As with any other business, customers determine a company’s reputation in the logistics sector. Thus, customer service is critical to logistical success. Logistics is a vital aspect in determining a company’s productivity and efficiency. Therefore, a sound logistics strategy is critical to the supply chain’s success. A happy and satisfied customer enhances the brand’s value and enables the logistics business to distinguish itself from the crowd and stay ahead of the market competition. In light of the strong competition, the benchmark set by customers for product or service quality is quite high. Therefore, logistics customer service has become critical for freight forwarders worldwide today.

How Can a Logistics Company Provide an Unparalleled Customer Service?

Logistics businesses are the backbone of the supply chain, ensuring that products are delivered to the correct locations, on schedule, and at a reasonable cost. A single malfunction in the transportation process can cause significant damage and be catastrophic for the business, wreaking havoc on customer service.

Excellent customer service is contingent upon effective communication alongside on-time and damage-free deliveries in logistics. In addition to that, efficient customer service enables the logistical network to operate optimally. Therefore, customer communication and service are critical components of the logistics industry.

To develop a relationship with customers and to earn their loyalty, the customer service focus should be moved from a product-centred strategy to a customer-oriented one. The following insights discuss the importance of logistics customer service and how it propels the company forward.

1. Excellent Customer Service Contributes to Client Retention and Customer Loyalty

Retaining a client automatically increases profits. A repeat client is brand loyal and spends money on the logistics company’s services and products. It results in the logistics business incurring lower running costs while generating more revenue from repeat customers.

The expense of getting a new client, referred to as the CAC (Customer Acquisition Cost), is not a trivial expense. On the contrary, CAC can be a significant cost for a business that does not devote a tiny percentage of its budget plan to logistics customer service.

A superior level of customer service assists in retaining customers and ensures a repeat customer at a significantly lower cost than CAC. Thus, investing in customer care service can help reduce churn in logistics, which lowers the cost of retaining new customers and lowers the overall CAC.

2. A Positive Customer Service Experience Benefits the Brand’s Image

Customers are the creators of brands. Therefore, excellent customer service enhances the logistics brand’s image and makes it more appealing in the market. In addition, positive customer surveys and reviews about the brand’s services, products, and business increase the business’s total prospects and gains. Conversely, a bad review often occurs when clients believe they received inadequate customer care. As a result, providing excellent customer service is critical to the business’s success.

3. Achieving Excellent Customer Service Requires Customer Care Representatives

Customer Care Representatives serve as the brand’s point of contact with the customer. Thus, the entire logistics customer service transaction is contingent upon the representative. Unhappy customer service representatives, of course, will not give excellent customer service. No employee enjoys being overlooked or compared to representatives from other groups, which is true for customer assistance groups.

4. Satisfied and Happy Customers are Excellent Brand Ambassadors

A robust, effective customer service team guarantees that customers and clients are pleased and satisfied. It ensures repeat business and serves as excellent advertising for the brand. In addition, a satisfied customer recommends the brand or firm to other partners, friends, and coworkers. It is a cascading effect. A happy and satisfied customer service personnel works harder to please consumers and exceed their expectations. Likewise, customers who are satisfied with the brand recommend it to others. Customer referrals are the most effective and least expensive kind of word-of-mouth advertising.

5. Excellent Customer Assistance Contributes to the Brand’s Success

Regardless of the business or industry, it is critical to differentiate yourself and shine above the competitors. Being “second-best” in the business is not the aim. On the contrary, being better than the competition is necessary for a business to succeed. Customers need to understand that they are dealing with the best. It maintains client loyalty and compels customers to interact with their brand image consistently.

6. Customer Retention Over Time

A business’s ultimate goal is to earn customer loyalty. It results in increased profits. A positive logistics customer service experience encourages customers to incorporate the brand into their lifestyle and identity and utilize its services and goods frequently. Even when it comes to extra services, customers are ready to work with a company they have previously had a positive experience with than to engage with a new firm or brand.

Is your Business Ready with the Best Customer Service?

As a business grows in size, the supply chain becomes more complicated. For a large company or complicated supply chain, maintaining ideal customer service can be challenging due to the various stages and individuals involved. All people and processes in the shipping process continuously impact a company’s reputation via logistics customer service. It isn’t easy to be perfect in customer service and logistics. However, it is feasible to always improve and deliver the best services possible. Customers want a simple experience when dealing with a business. And, it’s up to the company or business owners to enhance the customer experience through competent and worthwhile logistics customer service.

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#ecommerce #ecommerce logistics

What is Fleet Management in eCommerce Logistics and Why is It Important?

While everything else has shifted to the digital medium, why put the most tiresome work in manual hands? It is the 21st century, and it’s time to get the logistics burden off your shoulders. Today, technology has sorted difficulties in almost every field. Keeping a check on commercial vehicles used for day-to-day operations requires nothing lesser than a squad. That is where very efficient and lucrative fleet management strategies show up on the screen. Here, we shall talk about the eminent techniques of fleet management.

What is Fleet Management? Before jumping to the fleet management techniques, we advise you understand the term first. In plain words, fleet management is a method for companies to manage and coordinate commercial automobiles to maximize efficiency and cut expenses. As of 2020, there was an increase of 8% in the usage of fleet management technology. These days, we have artificial intelligence and whatnot. With such advancements in technology, how could the logistics of the eCommerce industry be left behind? The entrepreneurs have gotten hold of various fleet management software which could make handling logistics smooth like butter. Such technical systems serve as a single hub for authentic monitoring of otherwise tedious operations, rendering them crucial in making effective business choices. Let us take a look at how the system works on the ground.

The Working Though it might seem a way out of the complexities, fleet management is a rather complex process underneath the surface. It is best utilized to its utmost potential if the following factors are kept under supervision.

1. Software The foremost aspect of a decent fleet management system is GPS software. It is needless to impose here that tracking commercial vehicles is crucial. The software that monitors this GPS tracker falls under the umbrella of the fleet management system. It is responsible for serving as a dashboard of the tracker. Along with keeping track of locations, it is also responsible for monitoring other aspects of movements and the driver’s safety. All this is possible while the vehicle is out on the road and the system is with the manager.

2. Telematics As mentioned earlier, fleet management is not just tracking down the truckloads. Rather, it is a comprehensive system that can keep a record of the vehicle’s telematics. Data of acceleration, the intensity of brakes, speed, and fuel consumption are all recorded. Not just this, with the software, the manager can find out if the vehicle needs any maintenance or repair.

3. Maintenance With such an adequate system at work, you might wonder about the expenditure of a fleet management system. Worry not! The prime utility of this system is to curtail the cost and efforts which otherwise touch the skies. Using a fleet management system may assist cut expenses by keeping track of vehicle upkeep, resolving maintenance contracts, and planning deliveries ahead of time. Why Fleet Management? People working on traditional time-consuming labor practices might as well ask this question-What is the need? To answer this question, we have an extensive list of validated reasons stating the system’s efficiency. The efficiency and accuracy that the fleet system offers are a lot superior to the traditional blind trust system.

1. Customer Experience When put on a transparent system like this one, the customer tends to associate satisfactory relations with business. Be it B2B or B2C venture, the customer always has held onto the product. GPS tracking, faster delivery, and delivery at the customer’s convenience are all characteristics and benefits of the system. Adding up, these factors lead to the enhancement of customer experience exponentially.

2. Time and Fuel Saving Often, businesses lose a lot of time tracking down all the customers’ locations. Having a system that can show you multiple routes and thereby point the customers located on the same route. Thus, fleet management is a savior here.

3. 3PL Management From the manufacturer to the end-user, third-party logistics may manage every step along the way. When used properly, a 3PL may assist in achieving strategic benefits, lowering expenses, and improving customer service. A competent 3PL organization may assist a company in streamlining its logistics operations. It can also give insight into difficulties that may impact the process, such as paperwork, customs, and other rules and standards.

4. Intermodal Transportation Efficiency Achieved A system to be stated as efficient shall have the capability to integrate the intermodal transportation objectives well with the company’s objectives. The system’s efficiency is tested based on its capability to leverage the technology. It should improve the tiresome procedure of routing, delivery, and invoicing are all part of the process. Conclusion With many businesses now inculcating fleet management, the system has proven to be a game-changer. Juxtaposing the older, inefficient systems alongside fleet management leads to an obvious win for the latter. As much as it is beneficial for businesses, customers of such businesses have the edge over those who do not use it. You can partner with NimbusPost to enjoy the benefits of Fleet Management with its AI-enabled platform. You can also enjoy free trials to understand the logistical terminologies, software, and operations in one place.

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#ecommerce #logistics

Top Courier Delivery Services in India

Professional pick-up and delivery services make it possible to transport cargo from one area to another. Several courier services in India transport packages around the country. Finding the best courier company to ship your goods is tough. So, if you’re looking for the best courier services in India, you’ve come to the right place.

The Best Courier Delivery Services Near Me

1. Delhivery Courier Service Delhivery provides international and domestic services, with over 17000 pin codes and 93 fulfilment centres. It is praised for the quickness with which it provides COD (cash-on-delivery) and reverses logistics services.

2. DTDC Courier Service They operate in 240 countries and have 11,000+ franchises worldwide. Besides, it covers 12,000+ Indian pin codes. Real-time tracking, automatic reporting, and web data availability for customer reference enhance DTDC operations.

3. Gati Gati has maintained a strong position in order fulfilment. Besides, it offers eCommerce firms various distribution alternatives and delivered services. It offers speedy delivery, transportation methods, and warehousing solutions.

4. XpressBees

XpressBees is trusted by many eCom businesses to dispatch their products at the lowest workable cost. The company offers rapid and cheap last-mile logistical services in 8500 Indian pin codes along with next-day and same-day delivery alongside reverse collection services.

5. Ecom Express

Ecom Express covers 27000+ pin codes in India. Ecom Quick also provides express delivery and QC (quality checks) on returned products at the doorstep. It promises that all deliveries will be completed within three days.

6. Safexpress Shipping Service Safexpress offers services across 28000+ different pin codes. In addition, each truck is outfitted with PRS-enabled smart devices, letting customers follow their orders in real-time while they are en route.

7. NimbusPost NimbusPost provides an excellent supply chain management, order screening, and AI logistics fraud detection. Serving across 29000+ pin codes within India via 27+ courier options, the logistics partner guarantees quick and effective distribution.

Which is Better? We’ve examined the finest providers of courier services in India with whom you may work. The listed companies have worked in logistics for a long time and have a solid reputation for offering high-quality logistics services throughout India. These courier service companies have helped hundreds of medium and small businesses fulfil their clients’ deadlines for eCommerce deliveries.

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#courier partner

Thinking of starting an eCommerce business? Well, entering the eCommerce space may sound like a piece of cake, but running it profitably is surely a challenge. In most cases, it’s not about the business but the business ideas that can turn it from rust to gold. Launching your eCommerce website will be easier once you know what idea you should pursue or what products to sell online to keep the business gainful.

The Best eCommerce Business Ideas

Start A Niche Business You must have heard the expression, “jack of all trades, master of none”. The phrase holds true meaning when it comes to online selling business. You can choose to be a generalist by selling multiple things or a specialist by carving a niche market for a specific audience. In case you want to serve as a go-to brand for a particular audience, you will need to establish your credibility which will further result in a more focused business.

Smart Home Products Despite the rise in the demand for smart home products, there aren’t many brands focusing on these products. Apart from the industrial revolution in the early 1900s, consumers’ interest in smart devices has been fueling the demand for connected devices. Internet of Things (IoT) connects goods, software, algorithms, and end-users, allowing the data to make real-time decisions. As these products are in high demand, selling these in today’s time would be greatly advantageous.

AR/VR Headsets and Accessories Store Augmented/Virtual Reality is in high demand now. As more companies are expected to invest in developing AR/VR apps and accessories in the future, you can grab the chance to become an early promoter of a technology that will soon be the major talk in the eCommerce sector.

Online Learning Platforms Teaching an online course is one of the best business ideas to do in a low investment to garner a high margin. You can provide quality educational resources to people who’re looking for unconventional ways to study, you can get started with this business idea.

Rent High-budget Fashion to Budget-minded People People love high-end brands, but not everyone can afford products from those brands. Give a chance to fashionistas to rent accessories and fashion products from big brands at a retail price.

Electric Scooters, Skateboards, Hoverboards With the increasing popularity of eco-friendly products, electric scooters and skateboards are now becoming mainstream. Since delivering these products from the manufacturers’ place to the customers is a tricky part, you may want to go with the dropshipping business model.

Online Grocery This can be a great eCommerce business idea if you’re ready to cater to the huge target market in this domain. You can start small by procuring from the local producers and can decide to scale once the profits increase.

On-demand Organic Food If you’re interested in selling food items, selling organic food to clean-eating enthusiasts can be a great idea. It’s a wide market out there, so specializing in this niche will help you with a good margin in the long run.

Selling Services If you’re good at a skill, you can turn it into a full-fledged profession. For example, you can offer online services like website development, graphic designing, content writing, social media marketing, SEO services, and more. Starting an online business to fulfil these market demands can be a profitable idea.

Dropshipping Business Dropshipping is a profitable business model that lets you sell products without investing in buying or storing products. The idea is to associate with a third-party manufacturer or wholesaler who handles inventory management and order fulfilment for dropshipping partners. You can simply list products from different wholesalers on a single platform and sell them at a higher price to earn as much as you want.

Conclusion Running an online business has its appeal, but you must start with the right business idea to make it successful in the long run. Once you take a pick from the above-mentioned online business ideas, you need to begin working on the different steps before launching your business website.

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#ecommerce

How is Inventory Planner Useful in Improving the Order Fulfilment Process?

Inventory planning greatly affects a company’s profits as it directly contributes to maintaining its supply chain efficiently. It can help avert unnecessary spending on items not needed, create a positive customer journey, and offer sales whenever useful or possible. Preventing stockouts, minimizing overstocking, and improving processing are the key ways to improving inventory planning.

To remain operational, businesses must keep a supply of goods on hand at all times. However, a company must assess its inventory management process at regular intervals. Loyal customers are built on consistent service levels. eCommerce companies must take the following three steps to establish stable inventory planning.

It involves using historical key performance indicators (KPIs), sales data, and other variables to create data-driven estimates of demand.

Determine the best suppliers, automate purchase orders, and reduce the cash held in slow-moving products to reduce costs.

Optimize order fulfilment routes by storing the right quantity of products in the appropriate location with multiple inventory sites.

The Fundamentals of Inventory Planning

1. The Technology of Inventory Planning To avoid overstocking, eCommerce businesses can use software that automatically places orders to ensure that they have enough stock on hand at all times.

2. Roles and Responsibilities in Inventory Planning Inventory planners plan and forecast inventories that collaborate with supply chain financial analysts and contract/procurement management leaders.

3. Policies, Procedures, and Processes for Inventory Planning eCommerce businesses can use inventory policies to guide their planning and inventory management activities. The inventory planning processes and policies must be defined, documented, and communicated throughout the planning and the supply chain.

Benefits of Inventory Planning

Reducing or eliminating stock-outs is essential.

Remove perishable or obsolete products from the shelves by rotating them to the front of the store.

Inventory movement can be used to increase cash flow. Fast inventory turnover necessitates inventory management for small businesses, so it is critical.

The warehouse or stockroom can be accessed quickly and easily.

Reduce the risk of theft and exploitation. Raw materials and other goods can easily be stolen if not tracked properly.

What to Look for in an Inventory Management System? Cloud-based inventory systems are now available for a wide range of situations. Key features include the following:

Barcode and point of sale (POS) technology track sales.

Control and management of stock locations

Managing multiple sales channels while avoiding stock oversupply

Supply chain planning for brick-and-mortar and online stores

Get Actionable Information by Using an Effective Inventory Planner A company’s success or failure depends on how well it manages its inventory, and an inventory planner is a critical part of this process. NimbusPost provides a set of native tools for managing cycle counts and safety stock alongside tracking inventory across multiple locations. With distribution requirements planning and demand planning features, eCommerce businesses can find the right balance between demand and supply for their entire company.

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#order fulfillment

What Is Door to Door Courier Service, and Why Is It Important?

D2D shipping is a method of transporting products from one location to another. Ideally, door-to-door shipping means the delivery of products from the seller’s warehouse to the end customer’s doorstep. However, it may also mean the delivery of the parcel from a seller’s location to the transportation hub from where it is supposed to be further transported to the customer’s doorstep.

Benefits of the Door-to-Door Courier Service

1. No Additional Fees

Entrepreneurs always look for methods to save money and make money. Door-to-door courier service features transparent pricing and provides you with exactly what you pay for. With door-to-door delivery, you can expect your package to arrive on schedule without paying any additional fees.

2. Spend Less Time

Most logistics providers will provide you with an estimate and allow you to book your cargo online. As a result, you will not have to do all of the work yourself when scheduling pick-ups and deliveries.

3. Improve the Service for the Customers

How your products are delivered as a business is a good method to demonstrate how good your service is. Your customers must receive their orders on time and in good condition. If you employ a door-to-door courier service to get your orders to where they need to go, your shipping procedure will be more efficient and cost less.

4. Breezy Customs Clearance

If you are importing products from outside the country, you will want to know if they need to be cleared by the government. You do not need to examine documents or help with the customs process because door-to-door services will handle it for you.

5. Shipments Arrive Quickly

When dealing with many shipments, items can get lost in the shuffle. With door-to-door courier service, people can have products delivered to their homes in the shortest duration. It simplifies a difficult procedure.

6. Safe Products

You can trust these companies because they handle various types of shipments. Furthermore, they will work with you to ensure that your shipment, from little commodities to massive industrial freights, arrives in good condition.

7. Everyone Can Relax

The ease of usage is the topmost advantage of door-to-door services. When shipping something, people must go through several distinct and complicated stages. When you employ door-to-door services, you no longer have to worry about anything.

Conclusion

At NimbusPost, customers’ shipments are treated as if they were their own by the associated carrier partners. You will also be able to save money and time to invest in your core business operations. Therefore, consider using NimbusPost’s national and international courier services to transport or ship any product and experience the difference yourself.

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#ecommerce delivery #ecommerce

What are the Top Distribution Metrics and Their Importance in eCommerce Logistics?

Everything from customer service, marketing, and finance to human resources, IT, and supply chain management must be monitored. Distribution logistics are critical for online sellers that sell tangible items. Outbound and inbound logistics performance may be improved by tracking the correct metrics and best practices for assessing success, which helps you understand your supply chain.

To assist you in getting the most out of your distribution operations, we will go through several standard indicators for fulfillment logistics, inventory movement, and product sales.

About Distribution Metrics

Measures of distribution, which include inventory receiving, warehousing and picking, packaging, and eCommerce shipping and delivery, are called Distribution Metrics.

Key Performance Indicators (KPIs) vs Distribution Metrics

KPIs are used to determine whether or not a target outcome or value is being reached, whereas Distribution Metrics monitor the supply chain. You may use KPIs to help you negotiate service-level agreements with your suppliers. Third-party logistics companies track crucial data to hold them accountable for meeting their agreed-upon service level agreements (3SLAs). These SLAs might include everything from timely orders to the rapid receipt and storage of merchandise.

The Most Important Distribution Metrics

Many KPIs and distribution measures may be used to measure the performance of eCommerce logistics. Your profitability and ability to satisfy customer expectations are directly influenced by the indicators you choose to monitor. Here are some of the most important distribution indicators you should be monitoring.

1. Inventory Turnover Rate

The inventory turnover rate determines how many times a certain amount of inventory is sold and purchased again in a given period. A key metric of business success, cost management, and sales may be benchmarked against other businesses in a specific industry by determining your company’s average SKU inventory turnover.

(Cost of products sold / Average inventory) = Inventory turnover

2. Order Accuracy Rate

It is the proportion of orders, which are successfully delivered. Since NimbusPost has a 99.98 percent error-free delivery rate, you can use its services to make the best order accuracy rate.

(Total products delivered correctly / Total orders) x 100= Order accuracy rate

3. Time to Ship

How long does it take for a shipment to arrive after an order is made? For purchases ordered before noon local time, some logistics partners may guarantee same-day shipment. Similarly, some partners promise next-day delivery for orders placed after noon local time.

Order placement date minus shipping date equals the amount of time till delivery.

4. Total Number of Orders

For a particular period, it is about your total order volume. There are a variety of ways to measure time, from daily to quarterly to yearly.

The total number of orders placed at a certain time is the sum of all orders placed during that period.

5. Percentage of On-time Deliveries

This is the proportion of shipments that arrive on time or ahead of schedule.

It is the ratio of on-time deliveries to total deliveries times 100 or the percentage of on-time deliveries to all deliveries.

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#ecommerce logistics #order fulfillment #logistics

How to Calculate and Improve Order Accuracy in Fulfilment Centres?

The order accuracy rate (OCR) is an Order Fulfilment Metric that measures how many orders are dispatched without any errors. Mis-picking an item, ordering the wrong item, receiving a malfunctioning or broken item, and so on are examples of these errors. The OCR is a crucial measure since it has a significant influence on the customer experience. Its formula is shown below:

OCR= (number of orders accurately fulfilled/total fulfilled orders) x 100

Let us look at an example of how to compute the order accuracy rate. Suppose, you shipped 100 orders from a warehouse, four of which had processing issues. As a result, the accuracy rate of your order is 96% {(96 / 100) X 100}.

Why Should You Keep Track of Order Accuracy?

Most online businesses measure order accuracy rates for various reasons, including:

Analyze the efficiency of the fulfilment process

Identify procedures that are prone to errors

Improve order accuracy by taking remedial action

Improve client satisfaction and retention

Advantages of Order Accuracy Rate

Although achieving a 100% on order fulfilment metric is unrealistic, you should attempt to keep your accuracy rate as nearly 100% as possible. Order accuracy ranges from 96% to 98% for the most successful eCommerce companies or brands. If your online store falls into that category, increasing your order accuracy rate can help you gain a competitive advantage.

Suppose the order accuracy is less than 95%. In that case, you must take immediate action to improve it if you do not want to deter clients from buying from you again.

Below are some of the major advantages of having an increased order fulfilment rate:

1. Returns are Lower, But Profits are Higher

You may reduce the number of returns by correctly delivering more orders. According to a report, the average return cost is 30% of the order cost. It implies you may lose money if you process incorrect order returns. Additionally, you must go above this to please dissatisfied clients, providing complementary or reduced goods. As a result, enhancing the order fulfilment rate can help you reduce returns and processing expenses, resulting in higher profits.

2. Errors are Reduced and Efficiency is Increased

You may avoid costly errors by increasing order accuracy. Picking, packaging, and shipping errors can result in products being delivered incorrectly. It leads to inefficiencies in warehouse operations, as well as increased costs. You may reduce errors and reduce inefficiencies by increasing order accuracy.

3. Improves Client Retention and Establishes a Trustworthy Brand Image

Error tolerance is low or non-existent among today’s clients. You may gain client confidence by routinely delivering orders properly. Customer retention and NPS improve as a result of this.

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Warehousing Digitalization: The Future of eCommerce Warehousing

Warehouses nowadays are more than open industrial spaces with workers stocking shelves and forklifts. As a result of the technologies made possible by warehouse digitization, the classic warehouse is now a digital warehouse. Smart eCommerce warehousing facilities, which offer speed, visibility, transparency, and automation, are essential for fast-growing online businesses, allowing logistics companies to increase their capabilities and allowing you to monitor your supply chain and enhance customer experience.

What is eCommerce Warehousing Digitalization?

Distribution and warehouse services that employ the latest technology and automation to streamline procedures are known as digital warehousing. In addition to enhancing efficiency and accuracy, it offers complete transparency throughout the supply chain.

You may outsource your operations to a technologically advanced warehouse to get greater scalability and flexibility through digital warehousing. Investing in your warehouse and infrastructure automation is not necessary when you outsource your supply chain.

For eCommerce, Warehouse Digitization is a Boon.

You can better manage your supply chain using warehouse digitization, and it allows you to get greater visibility into your supply chain, boost speed, and maintain high order accuracy. Here are some advantages of warehouse digitalization and how it affects the bottom lines of today’s fastest-growing firms.

1. Improved Warehouse Efficiency

eCommerce warehousing digitization removes tedious operations by automating them, saving hours in the process. Technology may also be used to optimize storage and speed order fulfillment workflows by tracking the inventory by SKU at each location in the warehouse.

2. Increases the Warehouse Visibility

To effectively manage the supply chain, it is essential to know how many units of a given product are housed at each distribution facility. Using digital warehousing systems, you can manage inventories and see orders by status more quickly. By keeping track of inventory turnover and carrying costs over time, visibility helps to cut logistical expenses.

3. Siloed Systems are Eliminated

Supply chains expand in tandem with an eCommerce company’s growth. The supply chain has many moving components, from product production and product receipt to order picking and shipment at the warehouse and even the management of returns.

By integrating a WMS with inventory management software, you can get precise and real-time data to ensure the integrity of your supply chain information.

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#ecommerce #ecommerce housing

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