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How A WMS Maximizes The Revenue For eCommerce Businesses_

How a Warehouse Management System Maximizes the Revenue for eCommerce Businesses

April 25th, 2022 WMS
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Running an eCommerce store is quite different from running a brick-and-mortar store. Apart from the fact that customers cannot touch or feel the product before purchasing it, eCommerce businesses also have to worry about storage and inventory.

A warehouse management system (WMS) can help optimize the storage and retrieval of products, maximizing the revenue for eCommerce businesses.

So, what is a warehouse management system? How does WMS maximize the eCommerce revenue? Read reading to find out.

 

What is a Warehouse Management System?

A warehouse management system (WMS) is a software application that helps businesses manage their inventory. It assists with the receiving, stocking, picking, and shipping of orders.

eCommerce businesses can use a WMS to:

  • Receive orders from suppliers
  • Check the stock levels of products and place orders for new stock as needed
  • Pick and pack the products into boxes to fulfil orders
  • Ship orders to the customers
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How Does A WMS Maximize eCommerce Revenue?

A well-functioning Warehouse Management System can help an eCommerce business save time and money. Find out how:

 

  1. Saving Time

A WMS can help an eCommerce business to receive and process orders quickly and accurately. It means that products can be stocked and shipped in the quickest time, leading to a higher customer satisfaction rate.

Example:

A customer orders a product that is out of stock. In such a case, a WMS can quickly place an order for the product from the supplier and notify the customer of the expected delivery date. The customer is more likely to wait for the product to be delivered rather than go to a competitor’s store.

 

  1. Reducing Costs

Businesses often underestimate the cost of inventory storage. With a WMS, businesses can make use of available space more efficiently. It can lead to lower storage costs and, ultimately, higher profits.

For example, an e-store using a WMS can:

  • Order products only as they are needed, which will reduce the amount of stock that needs to be stored
  • Efficiently store products in a warehouse, using space more efficiently
  • Use a barcode scanning system to pick and pack products, which will speed up the order fulfillment process.

 

  1. Improving Customer Service

With a WMS, businesses can provide accurate information to customers about the status of their orders. It can lead to happier customers who are more likely to shop from the brand again.

For example, a business can use a WMS to:

  • Notify customers when their orders are shipped
  • Keep track of the status of each order
  • Inform customers when a product is back-ordered or out of stock

 

  1. Optimized Supply Chain

A WMS can help businesses manage their inventory with minimum stockouts. It can lead to a more efficient and cost-effective supply chain, further increasing profits.

For example, a WMS helps the business in the following:

  • Easily track inventory levels and reorder products as needed
  • Analyze data to identify patterns and optimize the supply chain

 

  1. Internal Automation Benefit

A warehouse management system can automate specific tasks within the warehouse. It boosts efficiency and accuracy, as well as reduces labour costs.

For example, with a WMS, businesses can automate the process of:

  • Receiving products from suppliers
  • Picking products for orders
  • Packing and shipping of orders

 

  1. Traceable Materials

 A good WMS will keep track of materials moving through the warehouse. This information can improve processes and prevent errors in the future.

For example, a WMS can help an eCommerce business keep track of the following:

  • Location of stored products
  • In stock products
  • Products that have been ordered but not yet received
  • Expired or out-of-stock products

 

  1. Ongoing Improvement

A warehouse management system is not a static solution. As business needs change, the WMS can be adapted to meet those needs. It brings continuous improvement in the efficiency of a warehouse and, ultimately leads to higher profits.

For example, an eCommerce business can use a WMS to:

  • Improve the accuracy of inventory counts
  • Reduce the time it takes to fulfil orders
  • Streamline the receiving and shipping process
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Conclusion

A warehouse management system can be a precious tool for eCommerce businesses. It can save time and cost while also improving customer service. If you’re looking for a way to maximize your eCommerce revenue, an advanced WMS might be the answer.

A Complete Guide to eCommerce Logistics

A Complete Guide to eCommerce Logistics

April 20th, 2022 Shipment
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eCommerce logistics is complex and ever-changing. Everything from new delivery methods to cross-border shipping issues can impact your business because everything is interconnected and plays a significant role in eCommerce logistics.

 

With around 12 to 24 million eCommerce stores across the globe, the competition is only soaring up. Though the numbers don’t end here as the total value of eCommerce accounted in 2021 was 4.9 trillion U.S. dollars worldwide. This count will only grow in the upcoming years as more and more people are now comfortable buying things online.

 

As the eCommerce industry grows rapidly, it’s more important than ever for businesses to stay ahead of the curve in logistics. By understanding the challenges and opportunities in eCommerce logistics, companies can create a strategic plan that will help them save time and money.

 

With this blog, you can learn everything about eCommerce logistics and the importance of logistics services. So, what are you waiting for? Let’s dive into the world of eCommerce logistics!

 

What is eCommerce Logistics?

Ecommerce logistics services refer to managing the transportation and delivery of online goods. It also includes the management of returns and refunds. The aim here is to provide a seamless customer experience by ensuring that products are delivered on time and in perfect condition.

 

Businesses need to understand the eCommerce market’s different complexities to achieve seamless shipping. It includes understanding the different delivery methods and shipping options available and the regulations for cross-border transactions.

 

Types of eCommerce Logistics

Inbound logistics

This covers the transportation of goods from suppliers to warehouses. It also includes receiving, storing, and handling goods in the warehouse.

 

Outbound logistics

This involves shipping goods from the warehouses to customers. It also covers returns and refunds management.

 

Both inbound and outbound logistics are essential for a successful eCommerce business. However, outbound logistics is more critical as it directly impacts the customer experience.

 

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How Can Logistics & eCommerce Companies Work Together?

Logistics plays a vital role in eCommerce as it ensures smooth and hassle-free operations. It covers various aspects, such as transportation, storage, packaging, and delivery of goods. All these factors are essential to provide a seamless customer experience.

 

Moreover, logistics can help eCommerce businesses in the following ways:

  1. Reduced Shipment Time: By understanding the global eCommerce market and its complexities, businesses can reduce the shipment time for their products. Further, they will be able to select the most appropriate shipping option and delivery method based on the destination pin code.
  2. Minimized Order Fulfilment Time:eCommerce businesses face a significant challenge in terms of order fulfilment. They need to ensure that orders are delivered on time and in perfect condition. Logistics partners can help eCommerce sellers minimize their order fulfilment time by carefully planning the transportation and storage of goods.
  3. Reduced Delivery Costs: Another benefit of logistics services is that it helps businesses reduce their delivery costs. Companies can choose the most efficient and cost-effective shipping option based on their products’ dimensions and travel distance.
  4. Increased Customer Satisfaction: Logistics plays a vital role in ensuring customer satisfaction. By providing on-time delivery and minimizing the chances of damaged goods, logistics companies can help eCommerce businesses increase their customer satisfaction levels.
  5. Improved Brand Reputation: Brand reputation is essential for any business, and eCommerce is no exception. Logistics can help businesses in this area by ensuring that their products are delivered on time and perfectly. It will improve the customers’ perception of the brand and encourage them to purchase from the brand again.
  6. Easy Returns and Refunds: A critical part of outbound logistics is handling returns and refunds. By using the correct tools and processes, businesses can handle these tasks efficiently and provide a good customer experience.
  7. After-ship Support: Logistics services can also help businesses in providing after-sales support to their customers. It includes real-time tracking, shipment updates, etc.

 

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Conclusion

eCommerce logistics is a critical function for any online business. It helps companies in various ways, such as reducing shipment time, minimizing order fulfilment time, reducing delivery costs, increasing customer satisfaction, improving brand reputation, handling returns and refunds, and providing after-ship support.

 

By understanding the global eCommerce market and its complexities, businesses can make the most of the logistics services and improve their brand value among customers. Thus, eCommerce merchants need to understand the importance of eCommerce logistics and its benefits to be successful in the online retail sector.