7 min read

How To Optimize The Warehousing Process: Tips That Work

April 1, 2021 by Rashi Sood - 7 min read

Optimized warehousing operations are crucial for efficient eCommerce fulfillment and increased customer satisfaction. They also help in keeping the costs low. When the operations are not optimized, inventory is not received or shipped on time, workers are not productive, and the business losses its customers and credibility in the market.

warehousing process

Optimizing the warehousing process means examining every aspect of the process, identifying inefficiencies, and working on them. The optimized warehousing process helps in accurate and on-time order processing and an efficient order fulfillment process.

This blog will help you understand the steps involved in the warehousing process and the best practices to optimize the operations.

Steps in Warehousing Process

warehousing process

Fundamentally, there are six steps involved in the warehousing process – receiving inventory, putting it away, picking it, packing it, shipping it, and managing its return. Optimizing these steps will help you streamline your warehouse operations, reduce costs, and achieve better fulfillment operations.

Let’s take a look at the steps in the warehouse process and how to optimize them:

Receiving Inventory

Receiving inventory is the act of handling products and adding them to the warehouse system. The products can be as large as an air conditioner or as small as an awl pin. You may receive a single product and object or a pallet and crate.

Significantly, receiving is a crucial step in the entire warehousing process. To perform it properly, you should ensure that you have received the right product, in the right condition, and in the right quantity. If you fail to do it, it may have consequent impacts on your options.

Receiving inventory also means its responsibility is transferred to the warehouse. Therefore, you become accountable for maintaining its condition and quantity until it is shipped to the buyer. So, make sure you receive the products properly – this will reduce the chances of receiving damaged products. And its liability will also not fall on your shoulders.

Optimization Tip

The main objective of optimizing the inventory receiving step is receiving the load efficiently and avoiding the accumulation of different products at the receiving dock. You can have solutions like conveyer and power pallet trucks for efficient unloading of the cargo. This will also aid in clearing the receiving dock faster.

Alternatively, you can also use pallet and parcel dimensioners to automate the weight and dimension capturing. This will accelerate the receiving process.

Putting Away and Storing

Putting away the inventory is the second step in the warehousing process. Essentially, it is the movement of the goods from the receiving dock to their storage location. The put-away staff delivers the goods to the storage location. Once the goods reach the location, the operator either manually confirms or scans the bard code of the stock to confirm that it has reached the correct location. Once securely stored, the put-away staff confirms that the process is completed.

Optimization Tip

In the putaway process, the load is stored at its assigned location. So, the main aim of optimizing this step is to store the load effectively and efficiently. You can take the help of warehousing software that can help you in allotting and managing warehouse space for each cargo that you receive for maximum space utilization. The software must also calculate the space in the warehouse for efficiently storing the product.

Picking Inventory

Picking is the process of collecting products from their allotted space to fulfill orders. It is the costliest step in the entire warehousing process and comprises almost 55% of the operating expense. Thus, optimizing this step can reduce the cost significantly. You can streamline this process to achieve higher efficiency and accuracy and reduce errors.

Picking is of two types:

  • Primary: the primary picking is when the goods are directly sent to the staging or packing area for the finalization of the order and dispatching it. Thus, primary picking is also the last picking.
  • Secondary: some orders are grouped before being sent to the staging and packing area. Thus, they are subject to a second picking process where other products are picked.

Once the orders are received, they are released in real-time or in a wave. Real-time is when the orders are released as soon as they are received. On the other hand, when orders are accumulated for a specific transport route or shipping time, it is called waves. Waves are released as per the discretion of the in-charge manager as per the criteria decided.

In a nutshell, the picking process can be discrete (picking one order at a time), clustered (picking multiple orders together), or batched (picking all the goods and then sorting them for a specific location). While some companies may use one of the types, some may employ all the types.

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Optimization Tip

Introducing the right technologies is the best strategy to optimize the picking process. You can streamline the picking process by allowing warehousing workers to access the picking list wirelessly and accessing the system in real-time. You can also look forward to improving your warehousing layout, trying and choosing the right picking methodology, and utilizing different software that helps the workers execute the picking process efficiently.

Packing Orders

There are different ways you can pack the orders before shipping them. Packaging plays a crucial role in keeping the products safe and secure throughout the shipment and increases customer satisfaction. You can follow the following tips while packing products:

  1. Clearly mention all the ‘use-by’ and ‘best before’ dates in the packaging.
  2. Products picked up from different storage locations in the warehouse must be combined to ensure order completeness.
  3. You must pack all the goods as per their size, temperature, quantity, value, and hygiene.
  4. Make the products are future traceable by adding invoice numbers or document numbers to them.

Optimization Tip

Optimizing the packing process can be done by guiding the team who executes the task. A packing system that has all the necessary data related to the product dimensions and weight can help the team perform the task efficiently. Besides, you should also source the best packaging material that can keep the products safe and sound while shipping.

Dispatching Orders

The successful dispatch of the orders depends on the operation’s ability to keep the products packed and ready for departure before time. The manager, thus, requires forecasting and planning packing and dispatching well in advance. While packages that are ready in advance will fill up and jam the staging area, the late packages will delay deliveries.

Optimization Tip

Streamlining the tasks is crucial to optimize the shipping process. Allotting the right number of resources is also vital. A mobile application or software that shares the right information well in time can be really helpful.

Managing Returns

Managing returns are an important part of the entire warehousing process. Though it is a complex process, handling it well is important:

  1. Have a pre-determined return process describing what to do with the returned product – send them to the stock, destroy them, or return to the manufacturer.
  2. When customers initiate a return, they must be given a place where they can outline why they are returning the product.
  3. The returns must be trackable – their location through their invoice number or document number.
  4. Inventory must be timely updated when the goods are returned.

Optimization Tip

While many warehousing managements may not give the returning process its due importance, it can significantly affect the overall warehousing process. Having a system in place that describes what to do with the returned products and adding them automatically to the stock is vital.

The Final Words

The modern-day supply chain process is a bit complex. It includes a lot of activities, processes, and transactions. Using a pen and paper or managing on an excel sheet is not more of an option to efficiently manage warehousing operations. Investing in IT infrastructure is required to remain competitive in the market. Equally important is to optimize the warehousing process to ensure a smooth process and maximum customer satisfaction.

Shiprocket Fulfillment features
April 1, 2021 by Rashi Sood

5 min read

Tips for Organizing Warehouse Storage Space

March 31, 2021 by Srishti Arora - 5 min read

A warehouse is a place where significant action happens. All your orders are received, packed, and shipped from the warehouse. If your warehouse or storage center is not organized, there can be a delay in processing orders that can eventually lead to a poor customer experience.  This can act out poorly for your business. Hence, it is essential to organize your warehouse correctly to ensure that you can streamline your fulfillment operations and fulfill incoming orders in the most efficient manner possible. 

What Does Warehouse Organization Mean?

Warehouse organization refers to the process of arranging your warehouse and aligned operations systematically to ensure the smooth functioning of daily operations. 

It includes organizing inventory, aligning the process, and ensuring that all the parts of the fulfillment process are working in synchronization with each other. 

Organizing the warehouse is not an easy task. It involves a lot of dynamic elements that keep changing as the trends change. Since you need to take care of a large number of stocks, you must ensure that you organize the warehouse properly so that no items are left out or do not accumulate dead stock. Many sellers spend a lot of time doing trials to see what organization techniques work for them. This can be a time-consuming task.

Here are a few expert tips that can help you understand warehouse organization and do it efficiently. 

Expert Tips for Warehouse Organization

Keep the Warehouse Clean

Keeping the warehouse clean is the most crucial step for an organization. All parts of your warehouse must be cleaned thoroughly before you start with any organizational activity. Cleaning can boost your efficiency by a considerable amount, and you might also be able to find a thing or two that you might have been missing. Also, a clean warehouse facilitates more effortless movement, and employees would be able to move around conveniently to get things done faster. 

Organization of Floor Plan

The floor plan is the next most important aspect of your organization. An optimized floor plan helps you streamline the process flow, and you can make sure every operation is in sync and flows around easily within the warehouse. You must constantly keep overlooking the floor plan to organize the warehouse with changing trends and requirements. A pro-tip would be to set up the floor plan concerning the order of operations. There should be a set area for docking and collecting inventory that gradually leads onto the next step of quality check, followed by stocking and so on. 

Classify Inventory

Classify your inventory either by the ABC inventory sorting method, alphabetical order, or any combination you feel is appropriate. But do not randomly stock your inventory as your resources and workforce will spend a reasonable amount of time just picking orders. Therefore, you need to optimize the process and reduce the order-to-ship time. In that case, you need to make sure that your inventory is classified and your warehouse is organized to host this invention systematically. 

Segregate Inventory In Aisles, Racks, and Bins

The next step would be to segregate the inventory in aisles racks and bins. You can label the aisle in alphabetical order, and in these aisles, you can use shelves to organize the inventory. It is best to use stackable beans to move around if you want to change the organizational layout. Segregation into aisles racks and bins gives you more visibility of the inventory and helps you track the SKUs better. 

Label Everything

Next, label everything. Used Harman printers to constantly print any barcodes or labels for the bins or racks. This will give you improved inventory visibility, and you will be able to locate the product much faster within the warehouse. Not just this, we will also be able to track inventory better. When you undertake the inventory reconciliation activities, you will complete them much faster since you have labeled all products. You will be able to locate discrepancies quicker. 

Warehouse Management Systems

Using a warehouse management system can help improve the quality of operations. Since the WMS technology is advanced and automates the process for you, you can store all data in it and track your products in the warehouse with utmost efficiency. Moreover, advanced warehouse management systems also provide you with the most optimal floor plan to organize your warehouse and achieve maximum efficiency. 

Use Barcoding Technology

One cannot stress enough barcoding technology as it helps you maintain sync with The records and physical inventory. You can just scan a barcode to learn more about the product or find its location. Using handheld devices to scan barcodes and pick orders is a much faster process than writing down or locating inventory manually. 

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Overcoming the Hassles of Self-Fulfillment

Self-fulfillment can be challenging if you do not have the most advanced technology and a team of skilled resources to help you out. It can be time-consuming and mentally draining to run an eCommerce business and also fulfill your autos yourself. Even if you are a small business and the orders are less, self-fulfillment can be a task. Therefore, we recommend that you outsource your eCommerce fulfillment operations to a 3PL fulfillment provider so that you can easily focus on other aspects of your business. 

Shiprocket Fulfillment is one such 3PL fulfillment provider that can help you with an organized fulfillment center to keep track of all orders and delivering them seamlessly. You get access to fulfillment centers across the country so you can easily store inventory closest to buyers and get started with 3x faster delivery immediately. Each fulfillment center is equipped with a warehouse management system for optimized operations, and the warehouse is thoroughly organized. 

Conclusion

eCommerce fulfillment can be complex if your warehouse is not organized according to your requirements and the inventory. Make sure you spare a keen eye towards the fulfillment operations so that you do not face any setbacks because of poor organization. 

Shiprocket Fulfillment features
March 31, 2021 by Srishti Arora

6 min read

Benefits of a Warehouse Management Software (WMS) for Your eCommerce Business

March 25, 2021 by Srishti Arora - 6 min read

It is imperative to maintain efficiency in your fulfillment center if you want to scale and achieve maximum growth for your eCommerce business. To do so, you need to have efficient systems to ensure timely delivery and optimized operation. Earlier, warehouses functioned on manual labor, and operations took devastatingly long to complete.

With the advent of eCommerce and online selling, you do not have the time to delay any part of your fulfillment supply chain as you need to ensure your customer receives their order as soon as possible. Therefore, you need streamlined operations within your warehouse to provide minimum fallbacks. Here is why a warehouse management software system will be helpful for your business. Let’s look at what a warehouse management software system is and what role it plays in managing your warehouse. 

What is a Warehouse Management Software System?

A warehouse management software system is a combination of software and processes that control the warehouse operations starting from inventory management and leading up to picking and packaging. It incorporates all procedures into a single-line supply chain and helps you track all operations seamlessly from a single-view platform.

It helps you track inventory to process incoming and outgoing orders uniformly and keep track of inventory simultaneously. 

Several warehouse management software like standalone software, supply chain module, integrated with ERP, etc. All of these are designed to either enhance a single function of your entire supply chain or combine the whole supply chain for seamless functioning. 

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Let’s try and understand this with an example. If you have a warehouse and receive an order from a client on your eCommerce website, you would first forward this to your warehouse, whether the concerned party will then start looking for the product in the inventory and then pack and ship it. In this manual process, you will need to update the inventory accordingly and manually locate the warehouse’s product. This can take hours, and you might face a delay in shipping the product out. Whereas, if you have warehouse management software in place, it will automatically sync your inventory and incoming orders and tell you where the product is located so you can find the optimized route to reach and pick it. This process will considerably reduce your overall processing time. 

Benefits of a Warehouse Management Software (WMS)

Reduced Operational Expenses

You can considerably reduce your expensive operational expenses by deploying warehouse management software. They help reduce operating expenses in a wide variety of ways. You can use both labors in space which eventually reduces any additional costs or time while processing orders. Most warehouse management software also provides you with floor plans that can help you decide where to locate particular items based on their sale so you can look at them faster whenever you receive an order. They allow you to accommodate your products better to optimize supply chain and warehouse operations by a significant margin. 

Improved Inventory Visibility

Warehouse management software gives you an improved look at your inventory so you can track it at any point in time. Along with providing inventory visibility, they also update your inventory in real-time so you can ensure that your stock is always up-to-date. This will help you forecast your demand better, and you will be able to avoid stockouts and debt stock situations. Warehouse management software provides real-time data about your inventory via barcoding, serial numbers, or RFID tagging. This enables you to efficiently document every item as it enters the warehouse and keep track of where it is stored for a more accessible location. 

Seamless Synchronization

A warehouse management software lets you seamlessly synchronize your order management and inventory. This means you will be able to update your inventory in real-time whenever you receive or ship an order. Wrong with that. It helps you create optimized routes for picking products not to waste time locating every SKU. Once all the processes are synchronized, your communication improves by a significant margin. You can reduce any manual errors that might come in due to improper communication between fulfillment process departments. 

Optimized Storage Space

By assigning specific storage space based on the seals and trends, warehouse management software helps you optimally place items in bins, racks, and shelves. This enables you to optimize your warehouse storage space so you can accommodate maximum inventory. If you do not make use of warehouse management software, you might place products according to improper understanding and face difficulty tracking them. Eventually, you will need to invest in additional warehouse space when your inventory increases because you cannot accommodate all inventory in one warehouse. With warehouse management software, you can optimize your storage space and know which stock to get rid of in a much more streamlined fashion. 

Inbound and Outbound Process Optimization

Last but not least, a warehouse management system helps you optimize your inbound and outbound process optimization. They allow you to optimize how a product moves around the warehouse and helps you plan your inbound processes such as gate receiving, barcode scanning, and putting away inventory. Along with that, warehouse management software also allows your supplier to determine the most appropriate date and time to receive a shipment based on the labor and equipment available. For the outbound processes, a WMS helps you optimize the most suitable routes for picking and packaging. 

Get Efficient Fulfillment Operations Without Investment – Outsource to 3PLs.

If you are a D2C brand that has just started, it can be challenging to invest in a WMS. Therefore, it is recommended that you outsource your warehouse and fulfillment operations to a 3PL fulfillment provider like Shiprocket Fulfillment. 

With Shiprocket Fulfillment, you get access to thoroughly equipped fulfillment centers located across the country. You can store your inventory in these warehouses, and we will process orders with utmost accuracy and provide lightning-fast delivery to your buyer’s doorstep. Our fulfillment centers consist of advanced warehouse management systems and other automation that enhance the fulfillment process and process orders 3x faster and with 99.9% accuracy. 

Final Thoughts

A warehouse management system can be a game-changer for brands who want to amp up their warehouses and deploy seamless technology for efficient functioning. However, in our opinion, outsourcing to 3PLs might be the best bet for you if you aren’t looking for heavy investment. 

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March 25, 2021 by Srishti Arora

6 min read

What is Inventory Accuracy and How to Track It Effectively?

March 23, 2021 by Srishti Arora - 6 min read

According to a report by Mckinsey, 27% of retailers plan to have higher inventory along the supply chain. The post-COVID times have boosted the eCommerce and D2C industry, and sellers like you are now amping up their stock to match the increasing demand and high competition. But, is increasing the inventory enough if you can’t manage it accurately? You need measuring parameters like inventory accuracy to ensure that you don’t miscalculate any inventory. 

Let’s look at inventory accuracy to understand the concept and detail to see how you can maintain and improve it for your eCommerce business. 

What is Inventory Accuracy?

Inventory accuracy refers to any discrepancies between the actual stock quantity or type of inventory you have and what is recorded. In the context of a physical store, this could refer to the difference between the recorded list and the amount displayed on shelves. In contrast, for eCommerce businesses, it could refer to the recorded inventory and the inventory stored in warehouses of my film and centers or fulfillment centers.

For example, if you have recorded 10 units of a particular SKU, and there are only five present in stock, you will not deliver the right product to the customer in time. Not just this, it will have many other implications that you might not realize immediately. It could also disturb the whole supply chain if this inventory is not accurate and the discrepancy is enormous. 

Why is Inventory Accuracy Important? 

Inventory accuracy is crucial because it could lead to incorrect customer orders, accumulation of debt stock, or even business loss. You might have to face the unfortunate inventory stock situations out where your customers order something, and you do not have it in stock while it is displayed on your website. It could also cause substantial accounting issues as it could lead to inventory shrinkage and throw off your inventory valuation at the end of a financial year. 

Incorrect Inventory Accuracy – Why do eCommerce Businesses Struggle?

Inventory accuracy becomes a concern for eCommerce businesses as not all inventory is visible transparently at all times. So there are higher chances of the inventory not being accurate at all times. Many businesses face unfortunate inventory stock situations out, and customers do not agree to bank orders causing a lot of negative experiences and feedback. A few reasons for incorrect inventory accuracy could be –

Self-Storage

Suppose you manage your inventory yourself and store it in your own house or warehouse. In that case, the chances of incorrect inventory accuracy are high as you do not deploy the most optimum sources of carrying out the processes manually. As the eCommerce group business grows, the inventory also keeps increasing. Therefore, self-storage is not the wisest option to go with. 

No Inventory Management Software

One of the biggest reasons for improper inventory accuracy is the absence of inventory management software. An inventory management software helps you maintain sync between your inventory and orders. This way, you can easily maintain a record of your SKUs and constantly track your inventory to ensure that no product is out of stock. If you do this process manually, it can take you a lot of time and cause many unnecessary errors. 

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How to Measure Inventory Accuracy?

Inventory Reconciliation – Physical Counting

Inventory reconciliation refers to comparing physical inventory count with the record of the inventory in hand. This basic process helps reduce the stock discrepancies and also lets you understand why these discrepancies are rising. It is a very deep Jale down into the inventor you have and is usually not suitable if you have a large stock count. You can carry out this process regularly if you have a low SKU count and a lower order volume. 

Inventory Valuation

Inventory valuation refers to the method of inventory accounting. It is done by counting the value you have at hand and then dividing it by the value of inventory that you are supposed to have. This method is not the most approximate as it does not compare every item with your physical inventory but gives you a decent idea, and if it is low, you must contact your team to talk about the sales receipts and records. 

How to Improve Inventory Accuracy?

Outsource to 3PL Fulfillment Providers 

The easiest and fastest way to improve your inventory accuracy is to outsource it to 3PL fulfillment providers. 3PL fulfillment providers will take care of the inventory you sent to them and ensure that they are on track with the incoming orders. This will let off some steam from your shoulders. You will focus on other aspects of your business rather than just managing your inventory and removing any discrepancies.

One such fulfillment provider is Shiprocket Fulfillment. Shiprocket Fulfillment helps you manage inventory and incoming orders and stores stock in its thoroughly equipped fulfillment centers. You can store products closest to your buyer’s location in warehouses across India and deliver products 3X faster with 99% order fulfillment accuracy. 

Upgrade Inventory Management System

You can also improve your inventory accuracy by deploying an inventory management software or system so that you can track your inventory regularly, and it is visible at all stages of the supply chain. This will give you a deep insight into the orders and the stock you have, and you will be able to decide which SKU is most in-demand, and you will be able to remove any discrepancies as you will be checking data in real-time. 

Conduct Random Inventory Checks 

The next step to improve inventory accuracy is by conducting random inventory checks using inventory reconciliation. If you do these checks at regular intervals or randomly, they will give you an accurate picture of the inventory you have in hand and what the records suggest. Try to match these two entities so you can maintain high inventory accuracy. 

Final Thoughts

Inventory accuracy is a very important KPI to track since it tells you about the physical stock that you possess. Situations like inventory stockout can lead to a heavy loss and customer experience, and you might even lose out on customers as they would not receive orders on time. Therefore, constantly keep a check on your inventory accuracy and ensure that your inventory is taken care of at all times.

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March 23, 2021 by Srishti Arora

3 min read

How Shiprocket Fulfillment Added Value to the Beauty Brand Qurez?

March 18, 2021 by Rashi Sood - 3 min read

With changing environment, rise in pollution, and weather change, our skin is affected each day. The pollutants present in the atmosphere harm skin and clog skin pores leading to acne and breakouts. Besides, harmful sun rays are dangerous to skin cells.

Qurez

There is a need for healthcare products as a cure for skin issues. These cures can heal and protect the skin. In recent times, many beauty brands have come up with various skincare products that can help consumers feel comfortable in their skin.

About Qurez

For generations, beauty is only associated with people who are good-looking and beautiful. But beauty is not about having perfect skin or skin colour or body shape. Being yourself and loving yourself and your imperfections is what makes an individual beautiful. It is not important to have clean and clear skin to look beautiful, but your skin deserves the utmost care. Real beauty is being true to yourself.

Shattering all these beauty standards, Qurez believes in natural beauty and natural products. Incepted in 2018, Qurez is a beauty brand that offers natural beauty products without any animal extracts. The brand believes that beauty is not defined by skin colour but by how individuals feel about themselves.

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Qurez is an online brand that sells its products through its website and on all major platforms, like Amazon, Nykaa, Vanity Wagon, Purplle, and LBB. Its product line includes skin essentials, bathing bars, lip oil, hair oil, moisturizer, sunscreen, comb, and even toothbrush. All the products offered by the brand are natural and free from animal extracts.

Starting With Shiprocket Fulfillment

Like any business, they encountered challenges in the beginning but their main challenge was shipping. The brand faced challenges finding the right courier company. Besides, since the brand sells its products primarily through online mode, getting the products shipped and delivered fast and on time was crucial for them.

Then, a friend referred Shiprocket to them.

Qurez

The brand also faced several challenges during the worldwide pandemic COVID-19. The business slowed down a little bit but later it managed to grow.

Brand Qurez says that Shiprocket is a very simple and straightforward platform. Initially, we were only using Shiprocket but now we have upgraded the plan and are using the warehousing and fulfillment services as well.

Qurez

Brand Qurez fulfills all its orders through Shiprocket. They say that the collective services of Shiprocket and Shiprocket Fulfillment have been really beneficial for their business. They upgraded to Shiprocket Fulfillment because of the value it gave to their business.

Qurez

Brand Qurez finds Shiprocket a consolidated platform where they can easily access all the services from one dashboard only. They can easily track orders and get a prompt resolution to their queries.

In their endnote, they say that they don’t have to make an extra effort to find out something on the Shiprocket platform. They don’t have to move out of the platform to gather information. Instead, they get everything in one place, which is very convenient for them.

Shiprocket Fulfillment features
March 18, 2021 by Rashi Sood

6 min read

5 Reasons You Should Opt for 3PL Reverse Logistics Management

March 9, 2021 by Srishti Arora - 6 min read

According to research by invespro, at least 30% of all products ordered online are returned. This means that online shopping is very quickly imitating brick-and-mortar stores. Even though the purchasing tendency is moving towards online shopping, the buyer’s subconscious direction of trying before buying remains. 

Therefore, it has become imperative for online sellers to offer returns on all their products. Since all the market players provide it, most sellers can provide this offering as customers do not prefer shopping from websites that do not offer a return or exchange policy. In many cases, customers also receive damaged products or wrong items that require you to arrange for a return shipment.

Even though a return policy may seem very lucrative on papers, reverse logistics can be a nightmare for eCommerce sellers like you. Since you also need to bear the cost of shipping the return to your warehouse, it causes a massive hole in the pocket. It also tends to disrupt your entire inventory as the product is no longer viable for further use. 

This is where 3PL fulfillment providers come into the picture. They can be an absolute blessing for your business if you let them handle the fulfillment operations for you. 

Let’s see how you can simply reverse logistics management with a 3PL fulfillment provider. 

What is Reverse Logistics?

Before we move into the benefits of hiring a 3PL fulfillment provider, let’s look at what reverse logistics is.

Reverse logistics refers to the transportation, repurposing, and disposal of goods after the customer receives the product. This means it includes shipping the products back to the seller’s warehouse or pick-up address.

Why is Reverse Logistics an Essential Component of Your Fulfillment Supply Chain?

If you think that the fulfillment cycle ends after the product is delivered to the customer, you are mistaken. The eCommerce world is developing rapidly, and the customer experience cycle also includes return management. Reverse logistics plays a critical role in determining the positive customer experience by arranging a smooth return journey. 

Here are few reasons why it is so important – 

Customer Retention

Since reverse logistics helps handle return orders, it plays a critical role in retaining existing customers. If a customer has a bad experience with your product, reverse logistics helps me get right by arranging a seamless return. This enhances the customer experience by many phones as the customer can trust you with their shopping. Reverse logistics also plays a crucial role in establishing strong customer relations.

Reduced Losses

Most times, in a return order, products or salvageable. This means that the consequences can be used or sold again. Therefore, an established reverse logistics system helps you reduce losses by optimizing the process and getting the products to the warehouse much quicker. 

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Fast Service

If your return order management service is not quick, it can lead to a negative customer experience. Therefore, reversed logistics helps you establish a fast service with your brand and customers. Fast service indicates proactiveness, and quick reverse logistics can help you determine just that. 

How Can 3PL Providers Help?

Most D2C and small business sellers cannot provide fast and efficient reverse logistics management for their business. This is because different courier partners have different return order processing rates and usually are very high. Since return order management and reverse logistics form the last leg of your entire fulfillment supply chain, there is a high chance of facing losses regarding returning shipments. 

With 3PL fulfillment providers, you can be assured about end-to-end fulfillment management. They take care of all operations, starting from inventory management and storage up to return order management. Their reverse logistics management is much more sorted. Here is how they can be a boon for your business – 

Convenient

3PL providers are designed in a way to make tasks convenient for you. You outsource your entire eCommerce fulfillment operations to your 3PL providers, and they assign resources to manage it for you. All the functions after receiving an order and even handling returns are the 3PL fulfillment provider’s responsibility. Since the return orders are taken directly to the fulfillment provider’s warehouse, you do not need to worry about accepting and arranging returns. The 3PL fulfillment provider does it for you.

Inclusive of all Operations

All fulfillment operations are included in the 3PL fulfillment provider’s offering. This ensures that the 3PL provider handles all reverse logistics operations, and they take care of every incoming return order. They arrange for the courier network to collect returns by themselves. 

Latest Technology

The fulfillment centers are equipped with the latest technology to help you process and deal with return orders very efficiently. Since this technology is the latest, automated, and scalable, you do not need to worry about picking every reverse logistics operation yourself. 

Faster Processing

The products are processed faster as there is a very efficient system instituted for the same. Along with that, fulfillment centers have skilled resources for the reverse logistics tasks that process the request with couriers and accept parcels at a much faster rate. 

Closer to Buyers

Last but not least, fulfillment centers are placed in different locations. Your fulfillment provider gives you the chance to store products closer to buyers. This means that processing returns also becomes a much cheaper and faster process for you. 

Choose the Most Reliable 3PL Fulfillment Provider – Shiprocket Fulfillment. 

Shiprocket fulfillment is a 3PL fulfillment provider that helps your store and ship orders from fully-equipped warehouses situated in multiple critical locations across the country. 

All you need to do is send your product inventory to our fulfillment center, and we will handle the entire order fulfillment and return process for you after that. 

You get several benefits like one-day and two-day delivery, a 20% reduction in shipping costs, and seamless return order management. 

The fulfillment centers also process all inward return orders. 

Final Thoughts

Suppose you want to reduce the cost for reverse logistics and also handle return orders like approval. In that case, it is intelligent to tie-up with a 3PL fulfillment provider that can help you achieve all of these at discounted costs. Do reach out to us if you want to process return orders faster with a simplified reverse logistics system. 

Shiprocket Fulfillment features
March 9, 2021 by Srishti Arora

6 min read

Why is Shiprocket Fulfillment an Intelligent Choice for Small Business Owners

March 16, 2021 by Srishti Arora - 6 min read

Did you know that 38% of online shoppers will abandon their order if the delivery takes longer than a week? 

How does that play out for your D2C business if you need to deliver products to people living in remote locations in India? 

Will you leave out that target group or work to improve your fulfillment operations to deliver faster will improved order accuracy? We are sure you will choose the latter. However, if not appropriately handled, fulfillment operations will become a daunting task where you will be spending more money than anticipated to achieve maximum efficiency. 

To make this task more comfortable for you, we have a solution – Outsource fulfillment operations!

You must be wondering that being a small business, you do not have the capital to spare for outsourcing anything. When you analyze the option objectively, you will find that outsourcing can help you save on expenses and provide much superior service to your customers. 

Let’s dwell deeper and see how Shiprocket Fulfillment can lower your fulfillment costs and provide you with better performance. But first, let’s see what Shiprocket Fulfillment is and what it offers. 

What is Shiprocket Fulfillment?

Shiprocket Fulfillment is an end-to-end fulfillment solution design for businesses of all sizes. It is an all one solution that gives you a chance to outsource your inventory management, warehouse management, order management, and shipping operations to a team of skilled professionals.

With Shiprocket Fulfillment, you can store your inventory in thoroughly equipped fulfillment centers located across India in Delhi, Mumbai, Gurugram, Bengaluru, and Kolkata. With this, you can deliver faster to your customers and also save on shipping costs. 

Since you can do without investing in additional warehouse infrastructure, Shiprocket Fulfillment enables you to focus on other key metrics and aspects of your business. 

Cost Savings With Shiprocket Fulfillment

We speak about cost savings with Shiprocket Fulfillment, but you might wonder if it is practically possible. Well, let us understand with a practical example. This will give you a better idea about how you can save on fulfillment costs with Shiprocket Fulfillment and utilize that capital on other aspects to grow your business. 

Let us assume that you receive 1000 orders every month. The average weight of each order lies between 0-500g. 

Now let us look at this situation in two scenarios: Without Shiprocket Fulfillment and with Shiprocket Fulfillment. 

Without Shiprocket Fulfillment 

If you own your warehouse and opt for self-fulfillment, your expenditures would look like this – 

Fulfillment AspectsMonthly Expenditure
Workforce (2 personnel)₹20000
Storage Area (Rent)₹15000
Maintenance & Overheads₹7000
Stationary Cost (Label, manifest, invoice, etc.)₹6000
Sum Total₹46000
Note: All values mentioned are hypothetical and are only used for demonstration purpose

Now, if you process 1000 orders every month, 

Hence the fulfillment and processing cost  = Total Monthly Expenditure/ Inventory Stocked. 

46000/1000 = ₹46

Fulfillment and processing cost without Shiprocket Fulfillment  = ₹46/order

Now let’s look at the same scenario but with Shiprocket Fulfillment.

With Shiprocket Fulfillment

Fulfillment Costs

The fulfillment fee per order is ₹18*

Assuming you process 1000 orders from our fulfillment center, 

Total fulfillment cost = Orders processed * fulfillment fee per order

        = 1000 * 18

        = ₹18,000

Average fulfillment fee per order₹18
Total Orders Processed1000
Fulfillment Cost1000 * 18 
Total Fulfillment Cost₹18,000
Note: All values mentioned are hypothetical and are only used for demonstration purpose
*rates as per the gold tier (0-3000 orders/month) of Shiprocket Fulfillment 

Storage is free for 30 days when you send your inventory to our fulfillment centers. 

Total Monthly Costs

Order Fulfillment Costs₹18,000
Storage Costs₹0
Total Monthly Cost₹18,000
Note: All values mentioned are hypothetical and are only used for demonstration purpose

Hence, the fulfillment and processing cost  = Total Monthly Expenditure/ Orders Processed. 

18,000/1000 = ₹18

Fulfillment and processing cost with Shiprocket Fulfillment  = ₹18

Shiprocket FulfillmentSeller Fulfilled
For 1000 orders₹18/order₹46/order
SR Fullfilment

Therefore, it can be concluded that if you outsource eCommerce fulfillment to Shiprocket Fulfillment, you can save more than 50% on your fulfillment costs.

Similarly, for shipping, you save around ₹15 – 20 for every 500g shipment. 

If you want to understand how cost-saving works with Shiprocket Fulfillment, reach out to our experts today! 

How Can Small Businesses Benefit from Shiprocket Fulfillment?

Multiple Fulfillment Centers

Shiprocket Fulfillment has multiple fulfillment centers located in several locations across India. These fulfillment centers are spread out across zones so which helps reduce delivery time by a considerable margin. For example, if you have your warehouse in Delhi and want to ship a product to Bangalore, the usual delivery time would take 3 to 5 days. However, if you stock your products with Shiprocket Fulfillment and let us fulfill your orders, the delivery time would reduce by three days as the product is stored in Bangalore. Also, the shipping cost would be lower. This will help you save up on shipping costs and also improve the customer experience.

Advanced Technology

Shiprocket Fulfillment deploys the best technology in its fulfillment centers. All the warehouses are equipped with the latest warehouse management software to manage your incoming orders and process them in the fastest possible manner. We also have a falcon weighing machine in all our warehouses that enables us to click pictures of the final package product and record the dimensions to help reduce the weight discrepancies by a large margin. If you try to install all the latest technologies in the warehouse, the initial capital investment can be too high for small to medium enterprises. 

Skilled Team

We are tired Shiprocket Fulfillment Testimonial is trained to fulfill orders in a fast yet accurate manner. This improves the quality of fulfillment and also gives you greater control over the order accuracy. We ensure that our team follows the best standards for inventory management, order processing, and shipping. 

Faster Delivery

As your store products closest to customers, you can provide 3X faster delivery and also give an option for one day and two-day shipping on your website. Arranging for one day and today deliveries can be a hassle as courier companies charge very high prices for expedited delivery or do not have the pin code network. With Shiprocket Fulfillment, you can save on these additional costs and focus on other aspects of your business. 

Sync Channels

When you sell on your website and also on different marketplaces, it can be challenging to manage incoming orders on one platform. However, Shiprocket Fulfillment lets you sync all your channels with an advanced dashboard so that you can take charge of all incoming orders in one place and process them seamlessly at Shiprocket Fulfillment centers. 

Conclusion

To simplify fulfillment operations, it is an intelligent choice to outsource your fulfillment operations to a 3PL fulfillment provider like Shiprocket Fulfillment as you can save on costs by a considerable margin. It may seem like a huge and continuous investment on the outside, but once you dig deeper, it is actually a cost-saving model.

Shiprocket Fulfillment features
March 16, 2021 by Srishti Arora

7 min read

What is the Meaning and Process of Inventory Reconciliation?

March 4, 2021 by Srishti Arora - 7 min read

Inventory management is undoubtedly one of the most crucial aspects of any eCommerce order fulfillment process. The entire eCommerce business depends on your inventory management and can often lead to a negative customer experience if not done correctly. Therefore, managing and tracking inventory efficiently is a skill & you need to know all about it to do it effectively. 

Did you know that 70% of shoppers would shop for an item at a competitor’s online store if it were unavailable? Most shoppers are not ready to wait for even a day for bank-ordered inventory. With increasing competition, you need to ensure that you do not get left behind. You need to optimize your inventory management to further optimize all fulfillment operations like order management, storage, and logistics. 

Inventory reconciliation is one such inventory management component that you need to learn to handle inventory and avoid a stock’s unfortunate conditions efficiently.

With this article, we have briefly explained the concept of inventory reconciliation so you can apply it in your eCommerce business. Let’s get started.

What is Inventory Reconciliation?

How much ever track you keep of your inventory, it is possible that the number of SKUs on the shelf does not match the records. Even though this may seem like a negligible number, it can lead to a massive discrepancy in your overall inventory count.

Inventory reconciliation is the process of comparing physical inventory with the records of the inventory on hand. Even though this process is not very significant every day, it is essential to reduce stock discrepancies and analyze where your inventory control is lacking. 

Imagine you are handling thousands of books in a library; you stop them properly on shelves, take a record of the total number, and then compare it with that on your system. If there is a discrepancy in the number, you have to do the whole process again. And if this discrepancy persists, you might be leading your customers to a wrong expectation. 

Let’s quickly look at the inventory reconciliation process you must follow when matching physical inventory with inventory records. 

Inventory Reconciliation Process

Even though inventory reconciliation may look like a small check to maintain balance, it is not as easy as tweaking the numbers on your system to match the records; it is as complicated as matching a balance sheet with a left and right equivalent to each other. Therefore, it is recommended to follow this process to reconcile inventory and maintain a thorough check. 

Step 1 – Count Physical Inventory 

The first step of the process is to count the physical inventory. This should be done before looking into your actual records. If you look at your physical inventory after looking at your existing records, you will subconsciously try to match them, leading to errors. 

You must run this through two or three times to ensure no errors, and nobody is missing out or miscounting the inventory. This is even more essential if you have split inventory across different locations. 

Step 2 – Tally With Inventory Records 

The next step is tallying the numbers with your inventory records. This does not mean telling the overall numbers but matching each physical inventory with the existing inventory records. This is where you will identify where the discrepancies exist. The difference in both values could be due to missing paperwork, human errors, unlisted items, supplier fraud, or scrap items.

Even though this process is slightly time-consuming, you need to examine all possibilities to identify the cause’s root. 

Step 3 – Check Incoming Deliveries Since Last Reconciliation 

The third step is to look back and see if there were any discrepancies found in the previous inventory reconciliation conducted. Furthermore, look into the delivery and sales records to see if there is any number or an SKU missed out. This will help you explain the discrepancy and also confirm how you can be more careful further on. In most cases, if there are no records like a shipment receipt, signed document, etc., to explain the error, it could be a case of theft or fraud. 

Step 4 – Create a Record 

Creating a record of the discrepancies identified is one of the most crucial steps. This will help you stay informed the next time you conduct an inventory reconciliation. You can do this with an inventory management system or on a simple spreadsheet using Excel. 

Step 5 – Repeat Often

If you believe you need to do inventory reconciliation only once, you are mistaken. You will have to reconcile your inventory whenever you see a new stock to thoroughly check and maintain what is on your shelves along with the records that you store. Hence, conduct inventory reconciliation regularly and maintain thorough records of what you find. 

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When Must You Conduct Inventory Reconciliation?

Objectively, you can conduct an infantry reconciliation exercise on any occasion. But we would recommend the following – 

Seasonal Inventory Reconciliation

This means that you conduct the practice of inventory reconciliation every season based on your demand. This means if you sell winter coats, you will run an inventory reconciliation exercise after the end of summer to check if you have ample winter coats for the upcoming winter season. This is most suitable for seasonal products that are not usually sold all around the year. 

ABC Technique

The ABC technique involves segregating the inventory based on the value of the SKUs and the sales volume. You can prioritize the inventory reconciliation practice basis of the revenue and reconcile the inventory based on the category. 

Random

With a random technique, you can reconcile inventory whenever you deem fit. It could be twice a year, once a year, or when you discover a discrepancy. 

Advantages of Inventory Reconciliation

  • Avoid stockouts
  • Be aware of theft or fraud.
  • Stay up to date with your inventory.
  • Accurate demand forecasting

Outsource Inventory Management to 3PL Fulfillment Providers

Efficiently managing inventory can be tedious if you do not do it regularly. Since many DTC businesses are coming up in the country, it can get challenging to manage stocks and also cater to other facets of your business with equal attention. Therefore, it is recommended that you also share inventory management with 3PL fulfillment providers like Shiprocket Fulfillment

With Shiprocket Fulfillment, you can story or inventory in thoroughly equipped 3PL fulfillment centers located across all major zones in the country. After you send your inventory to us, we will take care of all the processes like inventory management, order management, logistics, and return management. We will handle even tiny components like inventory reconciliation. You can thoroughly outsource a significant chunk of your business and sell peacefully online. 

By outsourcing your inventory management and fulfillment operations, you will be able to deliver 3X faster to customers as your store products closer to them. You can reduce fulfillment costs by up to 20% by reducing the warehouse’s distance and the customer’s doorstep. Not just this, you can also reduce your weight discrepancy issues and ship hassle-free with multiple courier partners. 

Final Thoughts

Even though inventory reconciliation might seem like a small aspect of a vast inventory management chain, it is equally essential as it tells you about the minor discrepancies in your system. Do not take it lightly and regularly perform to ensure that you do not miss out on the little details. 

Shiprocket Fulfillment features
March 4, 2021 by Srishti Arora

6 min read

Here’s Everything You Need to Know About Fourth-Party Logistics

March 2, 2021 by Rashi Sood - 6 min read

Fourth-party logistics, also known as 4PL, is a model where the business owner outsources all of its supply chain and logistics to an external service provider. This provider is responsible for the supply chain process and assessing, designing, and building the solutions. The external provider can either have his own warehouse or tie-up with warehouse companies. It is just that the business owner doesn’t have to look after the supply chain process and an external provider takes care of everything on his behalf.

fourth-party logistics

What Is Fourth-Party Logistics?

A fourth-party logistics partner is like a third-party logistics partner, but it is authorized to subcontract a few of its responsibilities. Essentially, 3PL provides all the contracted services through its resources only. However, when it outsources its part of the process to a separate provider, it becomes a 4PL.

For instance, a company ABC outsources its shipping and remote storage of products to a supplier XYZ. The supplier XYZ then outsources the warehousing operations to a warehousing company. Thus, the supplier XYZ becomes a 4PL party.

Notably, outsourcing logistics services is a business decision. A company that doesn’t have the ability or resources to conduct the logistics operations contracts out the process to a supplier. The supplier then stores or moves the products as well as takes and fulfills the order.

Difference Between 1, 2, 3, 4, and 5 PL

fourth-party logistics

1PL – 1st Party Logistics

A 1PL or 1st party logistics is a firm that transports orders from the origin to the destination. Essentially, it functions like a courier service that moves goods from a manufacturer to the distributor or retailer.

2PL – 2nd Party Logistics

A 2PL offers transportation of goods from a specific segment, like rail, road, air, or sea. They typically function as carriers and are mainly used for international transport of products, especially heavy and wholesale.

3 PL – 3rd Party Logistics

A 3PL or third-party provider is related to the transportation and delivery of the product. But it provides a bundle of logistics services as well, like transportation, warehousing, supply chain management, freight forwarding, packaging, and much more. They can also offer IT software products for tracking and tracing product delivery status.

Apart from offering all the services mentioned above, they also help manage all the supply chain and order fulfillment process obstacles. They take care of domestic, international, and offshore shipping and warehousing.

4 PL – 4th Party Logistics

A 4PL acts as a single point of contact for the company and manages all of its supply chain and logistics operations. They are also called Lead Logistics Providers. They cover all the services offered by a 3PL. They work as a consulting company and take care of every supply chain aspect. Unlike a 3PL, a 4PL can also outsource a few of its responsibilities to an external provider. 4PL is becoming the next big thing in the supply chain and logistics sector.

5PL – 5th Party Logistics

A 5PL is a logistics aggregator that aggregates the demands for 3PL for better and cheaper rates with different shipping and warehousing companies.

Advantages of 4PL

fourth-party logistics

Many companies find themselves in a dilemma when they decide to outsource their supply chain and warehousing operations to a 4PL provider. As logistics itself is complex, there is a demand for qualified, experienced, and independent individuals or companies handling logistics operations. These external providers offer innovative and end-to-end services to meet their client’s requirements.

The new supply chain is a high-tech world with several operational software, sophisticated strategies, and customer-centric operations. So, to help these businesses, many 3PL and 4PL providers are coming up. These providers are providing not just ordinary shipping solutions but tracking and tracing solutions as well.

Let’s take a look at the benefits of outsourcing supply chain and logistics operations to a 4PL:

Trusted Solutions

4PL providers take logistics services to the next level by offering the best services to the clients. They are committed to their clients and keep their clients’ interests at the forefront. They take the relationship between them and their clients as a valuable partnership. This points towards nothing but the quality of services 4PL providers offer.

Data collection and analyzing it to get meaningful and useful information is crucial for optimizing a company’s supply chain process. A 4PL provider collects valuable data and uses it to come up with better strategies for its clients.

Not just this, a 4PL provider also provides the security of an in-house logistics department with the benefits of outsourcing the supply chain process.

Customer Connectivity

How a seller and buyer connect is ever evolving, and so is the supply chain process. Online buying options are also creating new consumer habits. Customers nowadays are spending less time with the sellers, and they are heavily dependent on online interfaces to interact with the sellers.

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While online communication may harm the buyer-seller dynamic, 4PL providers help improve the relationship by keeping the customers informed about their purchases. When a 4PL provider takes on a business’s requirements, it takes care of its customers’ needs. For this reason, customer engagement is a 4PL provider’s top priority.

4PL providers keep the customers informed about their purchase – from the moment they buy the product to the time it is delivered to them. Notably, greater customer service leads to enhanced brand loyalty from customers.

Improved Efficiency

4PL providers offer operational improvements that help streamline work and eliminate all types of inefficiency. This helps companies reduce their spends. The companies also get their resources free and available for other work.

The companies can redistribute their resources from work related to logistics and focus more on the core company related work. While the company focuses on core work, 4 PL providers help them by handling the distribution of their work and keeping their customers happy. When a 4PL provider properly handles logistics, productivity tends to increase.

Expansion

Every company’s goal is growth, and 4PL providers can help make this vision a reality. A 4PL provider has access to the supply chain industry, and they can assist their clients in growth and expansion. They have good connections with national and international partners. They build reliable networks to support the development of a company.

Corporate Clarity

4PL providers are a single point of contact between their clients and their supply chain process. They oversee and manage all the complexities a company might face in its logistical operations.

A singular point of contact to coordinate all the steps throughout the supply chain process – from material sourcing to last-mile delivery solutions, helps a company manage its operations efficiently.

4PL providers help make all the improvements and ensure maximum operations efficiency can be achieved.

Shiprocket Fulfillment features
March 2, 2021 by Rashi Sood

5 min read

5 eCommerce Fulfillment Areas You Must Review Every Year

February 25, 2021 by Srishti Arora - 5 min read

eCommerce in India is growing exponentially. Every day, several D2C brands make their way online and sell their products to a wide audience worldwide. According to a report by IBEF, the Indian eCommerce market will reach US $99 billion by 2024, growing at a 27% CAGR over 2019–24. This indicates the significant scope this market holds in India. With the increasing mobile penetration, the internet is becoming more accessible to tier two and tier three Indian cities. So, the demand for products is only going to increase in the coming years. 

If you are competing with several online sellers, you must sort your eCommerce fulfillment game. You can be a brilliant website online, but shipping and delivery are not up to the mark; the customer experience will never be positive. With changing trends each year, you must continuously review your fulfillment operations to ensure that you are up to the mark and meeting customer expectations at all times. 

Ofcourse, it can be tedious to continually audit and change all aspects of your fulfillment supply chain. However, it is essential to review some elements frequently to avoid unfortunate situations like stockouts and delayed deliveries. 

Here are 5 fulfillment areas you must look out for and improve upon regularly. But before that, let us quickly overview the fulfillment process and its components. 

An Overview of the eCommerce Fulfillment Operations

eCommerce fulfillment operations consist of all processes starting from order management, inventory management, and storage, followed by picking, packaging, and preparing the order and going right up till shipping and returns. 

These operations require strict intervention now and then to make sure that they run smoothly. Any glitches in any of the functions can lead to delays in delivery and a negative customer experience. Therefore, regular audits are recommended to ensure that there is perfect synchronization and efficiency is not affected.

However, it can get challenging to monitor all operations simultaneously continuously. Therefore, there are some aspects of your business that you must review every year to maintain perfect harmony in your operations. Here are five of them that we think are essential. Let’s have a look. 

Fulfillment Areas You Must Review Every Year

Growth and Expansion

An integral part of any commerce strategy is growth and expansion. It is what you strive for nearly. Start defining your goals and set specific goals for each year. Suppose you think your warehouse has reached its capacity or you are looking to diversify your offerings. In that case, you must chalk out a plan for growth and expansion and reach out to necessary stakeholders accordingly. For example, if you are looking to start delivering products in new states across the country, you must analyze the inventory, time required, and shipping. If you do not plan this, there are chances that you might mess up when you try to launch something and face backlash for the same. Meticulous planning is vital for successful growth and expansion. 

Storage Space

The next big hassle that you can avoid is limited storage space. Whenever you start a business, you do not have unlimited storage space for your inventory. Usually, sellers start with self-storage and then move to store products in established warehouses. Audit the warehouse storage space every year to figure out if you need more space or if you need to outsource to a 3PL fulfillment provider. Analyzing this year in advance based on predictive analysis and demand forecasting can help you save on a lot of money and additional expenses. 

Resource Assessment

Taking care of the labor at your warehouse and fulfillment center is equally essential. They are the workforce carrying out the tasks at the ground level. Keeping a tab on their skills and assessing their performances regularly can help you improve your overall shipping and delivery by a considerable margin. Assess your resources periodically and check if any changes need to be made in your organization to ensure a seamless synchronization and hassle-free supply chain.

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Inventory Management Process

If you have a manual inventory management process, you need to continuously check your physical inventory and tally it with your records. This will help you figure out any discrepancies, and you will be able to eliminate any issues that might arise later. Try moving towards automated inventory management so you can keep track of the incoming orders and sync your inventory with them accordingly. This will help you forecast your customer’s demands in a much more systematic fashion, and you will be able to deliver orders much faster. 

Process Automation

Whatever automation you bring into your system requires thorough auditing to ensure that your data is not getting lost in the process. To ensure seamless communication between the supply chain operations, you must audit your process automation regularly. This will help you stay up-to-date with the work, and you will be able also to incorporate any innovations and technology conveniently. Similarly, if you want to move to more automated methods on the floor, you must include them at the beginning of the year so that your workforce can get used to any changes early on. 

Final Thoughts

Auditing and assessing your eCommerce fulfillment supply chain is a must for any business. Since your fulfillment supply chain forms your eCommerce online business’s backbone, try to match the industry standards and incorporate new trends wherever possible. This will help you get an edge in competition, and you will be able to establish yourself as an industry leader much faster. 

Shiprocket Fulfillment features
February 25, 2021 by Srishti Arora