10 Best eCommerce Fulfillment Services in India in 2022
With the eCommerce boom occurring across India over the last few years, consumer preferences have rapidly changed and this has led to the requirement for eCommerce businesses to choose a reliable partner from among the best eCommerce Fulfillment Services India in 2022. Indian customers, especially during the pandemic lockdowns, have gotten a taste of express delivery or same day deliveries and compare companies based on how fast either can deliver the same product. In this era of 10-minute delivery, the customers may debate the necessity of such services. But what needs not to be debated is the fact that not upgrading to meet the expectations of the customers can lead to lost ground to the competition. This is where eCommerce fulfillment companies step in. Armed with their massive infrastructure, not just warehouses and established logistics networks but also the latest software platforms, the best eCommerce fulfilment services in India ensure the products reach their desired destination and in the promised time, thus ensuring the highest levels of customer satisfaction. What are eCommerce Fulfillment Companies? eCommerce fulfillment is the part of the customer experience that takes place once the order is placed and is perhaps the most integral aspect of any eCommerce company’s operation. The fulfilment cycle involves receiving the order, packaging, order management, storage, sorting, transportation, inventory management, post-order tracking, and returns (reverse supply chain). Thus as seen by all that encompasses the fulfilment cycle, we can understand how it is the backbone of the entire eCommerce industry. Much like a 3PL logistics service provider, eCommerce fulfilment companies and fulfillment centers cater to the many logistical requirements of the sellers, especially in this ever-changing and rapid delivery expectation environment. Imagine a business run out of a flat or a garage. (Very relatable to some!) Receiving the order, packing it, transporting it or shipping it through a courier are all handled solely by a person. Now scale it up and replace the person with a company. That is what an eCommerce fulfilment company does. [contactus_gynoveda] What Services Do the Best eCommerce Fulfillment Services Provider Offer? With eCommerce growing in India at unprecedented rates, with numbers projected at a growth of 57% in online grocery sales and 31% growth in online retail sales by IBEF (Indian Brand Equity Foundation), the need for eCommerce fulfilment companies is now more than ever. But what differentiates the best ecommerce fulfilment companies in India from the others is the presence of the following services/features: Shipping Speeds - Same Day and Next Day Deliveries With next day and even same-day delivery becoming the norm, it is imperative that the best fulfilment company you choose can deliver on their promises, quite literally. According to a survey by Dropoff, 53% of the customers have cancelled their order because of a slower than expected delivery time. Such cancelled orders can prove to be quite a bane for many companies. Warehousing The best fulfilment companies in India for large business or small business share the same service promise to you, what you have promised to your customer. Upholding your service promise is the prime responsibility. Ensuring timely delivery depends highly on the nationwide presence of warehouses, thus reducing the last mile delivery pains and ensuring the middle mile delivery is faster and more cost-effective to you. The Fulfilment Software The on-ground capabilities of a fulfilment company are just not enough. What matters is also the fulfilment software given that everyone from the management team to the fulfillment warehouse staff shall be dealing with this. As sellers tend to use different tools and platforms for different processes, it is vital to ensure the software used by the fulfilment company is easy to implement and can integrate with other platforms and tools. The best fulfilment companies provide dashboards with intuitive business intelligence and easy to use user interfaces. Returns Management With about 1/3rd of orders being returned, the 3PL fulfilment company of your choice must also cater to the reverse supply chain. Handling returns and ensuring the cause of return is resolved by ensuring the package reaches back to the seller differentiates the best fulfilment companies in India from others in the market. Costs In the end, it is all about money. It is not about being the cheapest, but which eCommerce fulfilment company provides you with the best return on your investment, best logistics cost and more by providing the best value for the money. This involves the ability to scale up and down as the demand grows or subsides the shopping cycle weekly or monthly and even on an hourly basis. The sellers value the variety and customisations in pricing plans because it gives them the flexibility and choice they desire. Transparency The ability to track and monitor one’s shipments is highly valued by all customers, be it in the B2C or B2B segment. It prevents customers from unnecessary mental hassle and uncertainty about their package. This transparency and living up to the service promise brings back customers to the sellers. Thus, the best eCommerce fulfilment companies ensure the customers/sellers have complete transparency during the fulfilment process. How Can eCommerce Fulfilment Companies Boost Your Online Revenue? The best fulfilment companies in India ensure that your product reaches your customer no matter where they are located, be it in Ahmedabad or Abohar. With next day or two-day delivery being the new level of expectations amongst consumers, ensuring your product reaches the consumer before your competitors’ is what must be followed. However, heavy capital expenditure on numerous warehousing facilities, investment in robotic product handling, rapid order processing and packing and lack of transport infrastructure in remote locations are few of the challenges to this micro fulfilment revolution. Hence the micro fulfilment model by eCommerce fulfilment services is fast evolving to provide a more customised experience for eCommerce sellers with same day delivery and next day delivery offerings. Top 5 Challenges Faced by eCommerce Fulfilment Companies in India eCommerce fulfilment companies have to deal with multiple parties and stakeholders, and thus this compounds the problems faced; added to that is the uncertainty factor, especially that of the unexpected. Such is the impact of these events: a term in shipping that goes “AGWWP (All goes well, weather permitting)”! The following are some of the challenges faced by eCommerce fulfilment companies and of which sellers should be wary: Returns: With a high number of returns, companies require a robust return supply chain to ensure the product is picked up from the customer on time and is returned to the seller without any damages. It involves additional capital expenditure on maintaining two supply chains, even though some aspects are interlinked. Information inaccuracy: From wrong addresses to a wrong contact number, these issues are all realised in the last mile delivery, and by then, it is too late to take any corrective action. This information inaccuracy can occur at any stage, be it by the customer, wrongly printed by the seller or improperly handled by the fulfilment centre.Exceptions: Natural Disasters to a massive container ship blocking the Suez Canal, these exceptions occur pretty often, ironically. Despite the best preparations by the best eCommerce fulfilment companies, there is sometimes no getting around such situations which eventually leads to delays or damages. Delays during pre-shipping: In some supply chains where the Push-Pull boundary is extremely high up in the chain, often seen with customisable products, delays during the pre-shipping stage, caused by processing and producing the order, add added pressure onto the fulfilment company to fulfil the order within the promised time. Inventory Management issues: Inventory Management is every seller’s most common issue, be it choosing between the Newsvendor Model, the Economic Order Quantity (EOQ), the Continuous Review (ROP) or the Periodic Review (FOI) and lack of appropriate forecasting leads to significant inventory management issues at the beginning of the supply chain which travel down eventually causing the Bullwhip Effect. How to Choose the Best eCommerce Fulfillment Services in India? How do you choose who should be your fulfilment provider? This is an essential question as the growth of one’s business depends entirely on how effective the service provider is. Thus, the following points shall be able to help one choose the best ecommerce fulfillment service provider. Shipping speed A fulfilment company that is capable of beating your competitors is what is essential to prevent customers from being pushed away. Warehouse location Location, Location, Location! The strategic presence of the warehouses is critical to the supply chain and forms the balance between costs and speed. Shares same ideologies Choose a fulfilment company that shares the same ideology as your company, for, e.g., If you own an organic produce company, then choosing an eCommerce fulfilment company that has no Green Policy or is not taking steps to reduce their carbon footprint could be taken highly negatively by your customer base. Order fulfilment software A cross-platform and easily integrated software that is adaptable and driven by a well-programmed ML-based prediction engine to help the companies understand the trends and prepare for them better. Scalability To handle the ups and downs of the demand cycle without adversely impacting the customers and the sellers. Customer Support Customer support that is efficient and quick to resolve issues. Packaging and Branding Providing that personal touch to the packaging can go a long way in creating the impression one needs in the customers’ eyes. All fulfilment companies provide packaging services, but only the best fulfilment companies go the extra step to ensure special packaging for special products. Certifications Never compromise on quality, and a good check of that is the company's qualifications. Transparency and visibility The best fulfilment companies ensure that the sellers have the transparency they are entitled to. The sellers and end customers alike have complete visibility of where the package is and are intimated of any discrepancies or issues. Which are the Best eCommerce Fulfillment Services in India? WareIQShipwayShopify Fulfilment ServicesDHL eCommerce FulfilmentDelhiveryFlipkart FulfillmentFulfillment by Amazon (FBA)EshopboxShipDelightPickrr Plus The Indian eCommerce Marketplace shows no signs of slowing down and will not for a long time to come. Thus, one must understand who are the key and best players in the market and decide on which of these best fulfilment companies for eCommerce & D2C players in India should approach to grow their business in: WareIQ Source Established in 2019, WareIQ, a Y-combinator backed startup, has rapidly grown to be the leading provider of full-stack eCommerce fulfilment tech solutions for some of the most reputed brands in India. WareIQ offers a full-stack platform for eCommerce companies to enable same day delivery and next day delivery to customers – an Amazon Prime-like experience but accessible to everyone. 7 Benefits of choosing WareIQ for eCommerce fulfillment services are mentioned below: Maximize share of stock eligible for same/next day delivery using decentralised fulfillmentDecrease inventory by 40% and drive revenue by 10% with 80%+ regional utilisation using WareIQ Inventory & Network plannerIncrease item availability to 99%+ through efficient inventory managementGrow your business by 3x in a year by leveraging WareIQ solution – fulfilment infrastructure, Inventorymanagement capabilities and Full-stack technology platformRTO Prediction & insurance through RTO ShieldCreate the best post-purchase experience using AppstoreSame day delivery using WareIQ Rush, leading to higher customer satisfaction, reduced cost & near zero RTO% No minimum order quantity requirements make it suitable even for eCommerce firms having low order quantities to take advantage of the latest trends such as next day delivery and same day delivery. The onboarding process is simple, convenient and less time consuming, while the pricing policy is clear and transparent. WareIQ also undertakes strict safety precautions at its warehouses and complete ownership of the operations, thereby minimising the risk exposure of WareIQ customers. Shipway Source Shipway is a newcomer that specialises in offering dependable and affordable shipping services to eCommerce businesses. This eCommerce courier services provider allows you to focus on business operations, ensuring that your customers receive the finest shopping experience. Services offered by Shipway are listed below: Has already partnered with 30+ eCommerce couriers. Currently provides an end-to-end shipping automation solution for fulfillment and logistics to over 12,000 eCommerce retailers.Pan India warehouses and fulfilment centres Shopify Fulfilment Services Source The Indian arm of this Canadian company offers end-to-end fulfilment solutions for eCommerce companies. The services provided by them are as follows: 90 day trial periodInventory Management: Recommendations for inventory storageSame-day fulfilment: Orders received by 1600 Hrs are shipped on the same dayOmnichannel capability: Caters to eCommerce stores and orders from social networking platforms.Pricing: $79 / month for the standard module. DHL eCommerce Fulfilment Source The known international courier service has been present in India since 1979 and has an established national network of warehouses and last-mile delivery. The services provided by DHL are: Warehousing: Pan India warehousesInventory Management: A fulfilment portal with access to inventory levels and snapshots/reports.International Deliveries: For sellers with a significant chunk of cross border sales.Minimum Orders: Country-specific minimum orders per day Delhivery Source Established in 2011 and entered the Unicorn club of India, this eCommerce Fulfilment company has upgraded warehouses to provide end-to-end fulfilment solutions. Warehousing: 75 fulfilment centres across India and integrated with courier partners for last-mile delivery.Inventory Management: Have a proprietary WMS and provide inventory management services.Separate channels for B2B and B2C customers. Flipkart Fulfillment Source Flipkart requires no introduction, but few know about the fulfilment services they offer. These services include: Fulfilment centre spaceFaster delivery of productsQuality check by Flipkart expertsPackaging that will delight the end customersFlipkart Assured badgeSeamless order processingInventory placed across multiple fulfilment centres Fulfillment by Amazon (FBA) Source The pioneer of eCommerce fulfilment, this heavy giant has set the industry standard for fulfilment services. Though many eCommerce companies have benefited from Amazon’s same day/next day delivery, those with a less regular rate of orders tend to suffer. Additionally, the same day/ next day delivery is available only for registered vendors. Attributes of Amazon’s fulfilment services are below: 60 fulfilment centres across 15 states in IndiaMarket access to MSME, craftsmen and artisansAmazon’s A-to-Z GuaranteeThree months trial periodDashboard with up-to-date technologies for tracking. Eshopbox Source This Gurugram based company was set up in 2015, focusing on end-to-end eCommerce fulfilment. It focuses on helping pure-play digital sellers and D2C companies handle and solve inventory, warehousing and logistical issues. The following are some services and features of Eshopbox: Customers use web-based software called “Eshopbox Workspace.”A nationwide network of warehouses with tie-ups with regional carriers.The software can integrate with major players like Amazon, Flipkart, etc.Additional offerings for D2C customers on specific websites.Monthly subscription fee starts at INR 15,000. ShipDelight Source ShipDelight has over 55 years of consolidated experience in the shipping and distribution industry. The founders of ShipDelight have supreme knowledge about how to solve the many problems related to order fulfillment and seek to fully integrate the requirements of eCommerce retailers and the logistics and fulfillment services that are provided by the company. Services offered by ShipDelight are listed below: Services more than 26,000 in the country.Offers services such as order management, branded tracking, shipping automation etc.Provides same and next day delivery.Offers the lowest rates in the industry at ₹25 per 0.5 kgs of inventory shipped. Pickrr Plus Source Pickrr was founded in 2015 with a vision to make shipping simple and seamless for businesses across the globe. Pickrr has started end-to-end ecommerce warehouse fulfillment services under the brand name - Pickrr Plus Fulfilment. Some of the Pickrr Plus’s notable features include: 24-48 hour delivery to the customerZero weight discrepancyUp to 5% reduction in RTONo capital investment in the warehouse Read our blog on Pickrr vs Shiprocket vs WareIQ to understand how WareIQ offers the best fulfillment platform among the 3. Conclusion Now that you have looked at the best ecommerce fulfillment services in India and discussed some common problems with eCommerce fulfillment companies, you can well comprehend why it is crucial for you to make the right choice when selecting the eCommerce fulfillment services for your business. When Should you Consider Changing your Fulfilment Provider? There are a lot of things that can hold you back when it comes to fulfilment providers. Here are some of the prominent signs that are an immediate red flag. The cost of your logistics is rising but not your profits. Your inventory is not in the right place at the right time to cater to the increasingly distributed demands of your customers.You are repeatedly failing to make those deliveries on the committed timelines.You see a rise in cancellations and return of orders.The customer reviews and ratings are plummeting. Remember that these ratings are heavily influenced by how the product is delivered to them by your 3PL partner.You are planning to scale your business to new cities but facing challenges in the same.You seem to miss out on the latest technologies and order tracking/reporting software that can collect key metrics and optimize your supply chain. All these observations are a direct result of how your 3PL provider manages your logistics. Once you notice that things are not working as expected, it is time to change your strategy and look for a new partner. So, it is best to trust WareIQ for the best eCommerce fulfillment services in India. WareIQ is one of India’s leading eCommerce fulfillment companies that uses an advanced technology platform to enhance the eCommerce experience of multiple online sellers. We have a fully-fledged, well-designed and intuitive app store that consists of a vast variety of downloadable apps that enhance the productivity of different eCommerce services, depending on the requirements of each retailer. A few of the features that the apps have are listed below: Post-Purchase Notifications Retailers can send engaging notifications through email, SMS and Whatsapp to keep their customers informed about their order status until it is delivered to their doorstep. Customisable Email Editor With our custom email editor, sellers can tailor every email according to their preferences, circumstances and content. Just like any other text editor, you can edit the text, font, colour, size and much more. Real-Time Updates Customers automatically receive updates about their order in real-time, such as when an order is onto a new phase of the fulfillment process or if and when any delay or issue arises, so that customers are not left wondering about where their order is. Incentivise Return Customers Businesses can encourage customers to return through customised product suggestions, either based on their previous orders through AI-based predictions or manually, such as when there is a product promotion running and the company wants to increase its visibility. Optimise After-Sales Interaction We offer retailers the ability to access customizable email and workflow templates, that can be automated based on multiple trigger factors. We also offer multi-lingual support for email communication. Branded Tracking Pages We offer highly customisable branded tracking pages that can be inserted with product suggestions, a description of the company and its goals, links to social media pages and much more. This encourages customers to spend more time on the page and can even lead to additional sales. Order Analytics We record a vast array of order analytics that can be analysed to identify which processes and interactions are successful, so they can be maintained and which aren’t, so they can be improved and streamlined. Best Ecommerce Fulfillment Services India FAQs (Frequently Asked Questions) What is an eCommerce fulfillment service?Ecommerce fulfillment refers to the process of getting a customer's order delivered once they place it online. Receiving and storing goods, processing orders, picking items, packing boxes, and finally shipping them to the customer are all part of this supply chain. What is the approximate cost of a fulfillment service?According to a survey by FulfillmentCompanies.net, companies providing fulfillment service charge anything from $8 to $40 per pallet per month to keep your products, with the average cost being $14.79 per pallet. Do I need to hire a fulfillment company?Outsourcing operations to a fulfillment company gives eCommerce companies access to a network of fulfillment centers across the country without any upfront investment in infrastructure. Using a fulfillment center allows you to cut inventory and delivery costs while still providing excellent service to your consumers. You might think of outsourcing fulfillment as an extra cost, but it's more realistic to think of it as a way to save money for your company. What do you mean by outsourced fulfillment?Outsourced order fulfillment is when a company hires a third party to handle some or all of the order fulfillment process, such as inventory storage, packaging, and delivering orders. Third-party logistics services, or 3PLs, offer all of the services needed to completely outsource your fulfillment. How do I outsource shipment with WareIQ?You can Submit your request for a quote here. Which are the Best eCommerce Fulfillment Services in India?• WareIQ• Shipway• Shopify Fulfillment Services• DHL eCommerce Fulfillment• Delhivery
March 31, 2022
Introducing the WareIQ App Store: Streamline your eCommerce Fulfillment and Shipping Operations
Businesses have myriad needs which vary from one organisation to another, as well as evolve rapidly over time. To enable our esteemed customers to augment the WareIQ platform further, aligned with their logistics workflows, our team of experts has designed a suite of powerful applications. Based on your valuable suggestions, we realised that it may become cumbersome for you, at times, to hunt for the applications unless we organise them into a single point of access. Hence, we are delighted to launch the WareIQ App Store, making it extremely easy for you to discover the apps that you need at your fingertips at the right time. How does the WareIQ App Store Help You? When you visit the WareIQ App Store, you get the flavour of a superior design and ease of experience, with convenient navigational tools, fed with live data of your business performance. Let's dive deeper to understand the massive range of capabilities of the WareIQ App Store and what it means for your business. Provides you with more tools in your arsenal to boost your eCommerce operations amd make supply chain your competitive advantage.Acts as centralised portal, empowering you to manage all the stages of your eCommerce fulfillment and shipping operations from WareIQ platform directly.Shed down the inefficiency, inconvenience and complexity of working on multiple non-integrable apps. Our suite of powerful applications can easily integrate with your eCommerce workflows and systems, thereby opening new avenues to scale up your business.Leverage AI-ML powered analytics, fed with live data, for smart demand planning, smart inventory placement and network optimisation to enable same/next-day delivery for our customers.Helps you reach out to your customers on the right channel at the right touchpoint, and build trust with your customers through transparent communication and seamless engagement.Build customer loyalty by ensuring a delightful post-shipment experience for your customers. Top Apps to Check Out on the WareIQ App Store It may look confusing to you at the first glance, which app to use for which purpose. To make your task easy, here's a detailed analysis of each of the apps on the WareIQ App Store. Branded Tracking Delight your customers with a premium post-ship experience through a Branded Tracking page built with capabilities such as re-targeting and cross selling to increase your revenue. Turn your order tracking page into a profitable marketing channelImprove your products and shipping operationsIncrease customer engagementIncrease customer satisfactionCustomized branded pages Sample Branded Tracking Page There are several benefits of using the Branded Tracking application on the WareIQ App Store: COD and NDR Verification - You can easily verify Cash on Delivery collections by the delivery person and get Non Delivery Reports at your fingertips, so that you are always ahead of your competition on the vital performance metrics.Showcase Product Banners to your customers - Product Banners create a long-lasting impression of your products on your target customers' minds, enabling greater brand-recall and mindshare than your competitors. Gather feedback from your customers - Collecting feedback from customers just after the delivery helps you understand the pain-points of your customers, so that you can work on the weaknesses immediately.Create Brand Awareness - Creating brand awareness will increase customer loyalty, drive up-selling and cross-selling opportunities and boost word-of-mouth for your brand. Link-backs to your store - Store links that redirect the customer to your online store help to drive repeat sales and reinforces customers' confidence on your brand and products.Live Tracking and Updates - Provide full shipping journey and real-time order updates on the tracking page, so that you maintain the highest levels of transparency and trust with your customers, avoid unwarranted misunderstandings. It is very easy to create and customise your own Branded Tracking Page. Click here to learn how you can do it. Notifications It is well-established fact that customer loyalty can be effectively boosted through frequent and transparent communication with the customer through the product fulfilment process. It also helps to reduce the number of grievances and support tickets raised by customers from time to time. With Notifications application on the WareIQ App Store, you can significantly enhance customer engagement through effortless communications, and deliver an impeccable post-purchase experience to your customers through AI-ML powered Notifications and WhatsApp automation. This helps to: Increase customer satisfactionBuild customer trustTransparency in the shipping processIncreases the delivery success ratePre-empt EscalationsReduce unnecessary customer support calls There are several benefits of using the Notifications application: Send timely order updatesCommunicating cutomers about the delivery scheduleUpdating customers about their orders regularlyCreate brand awareness and drive cross-sell opportunitiesSend order updates to your customers on the particular events that you wishGet your business and operations related notifications Customer Feedback Customer Feedback App can get detailed reports on the WareIQ dashboard for brand performance based on the feedback collected from your customers, which will help you to: Increase customer retention and loyaltyImprove customer satisfactionAnalyze customer sentimentMeasure and improve the brand perceptionIdentify unhappy customers proactively You reap some major benefits by using the Customer Reviews app on WareIQ App Store: Gather customer feedbackAct on customer escalations in real timeCollect customer feedback on brand and shipping experience Weight Lock Predicting the final dimensions and weight of the ordered consignment is a tedious and almost impossible task. However, courier partners maintain stringent pricing policies across different weight and size ranges, making it difficult to handle such issues. With the Weight Lock application on WareIQ App Store, you can freeze the weights of your products to eliminate the hassle of weight discrepancies and ship products without worrying about the weight discrepancies. This will definitely help to: Avoid repeated follow-ups with the courier partners over the weight discrepanciesGet accurate shipping cost so that you can do the cost planning before handSave your time and effort on negotiations for weight discrepanciesBring uniformity to streamline your business operationsMake your operations more efficient with Weight Freeze However, there are some product-level pre-requisites for setting up the Weight Lock app:- Dimensions of the productWeight of the productProduct Images Click here to learn how you can easily add Master Products, upload their dimensions, weights and other details. Shipping Badges Shipping Badges appear on your product pages that helps customer check pin code serviceability and the expected delivery date for any product. Why Shipping Badges App? Check pin code serviceability and the expected delivery dateGet upto 30% increase customer conversionsIncrease the trust of your brand Benefits of Shipping Badges App: Drive sales for your productsShow estimated delivery timeReassure customers with prime-like badges on your website You can use this app to: Check real-time inventory availability of the productIdentify the nearest warehouseCheck for the fastest available shipping timeline across our logistics network IVR Calling New-age eCommerce customers prefer to remain connected to the sellers through time-saving modes of communication such as direct calling, but at the same time, they are concerned with their privacy. Similarly, eCommerce business and customer success managers are often exhausted with telephonic intrusions on their personal mobile numbers. To alleviate these worries, now you can leverage the IVR Calling feature on WareIQ App Store as a command centre to connect with your customers and provide lightning-fast reconciliation, without revealing your telephone number. The feature helps you to: Record conversations and track them on order basisEmpower customer teams to seamlessly address customer grievancesEnable a privacy-first approach by keeping your contact details and customer conversation details private RTO Shield RTO Shield gives the eCommerce/D2C businesses a complete checkout strategy to save on RTO losses and boost your revenue Why WareIQ’s RTO Shield? Claim refund for the shipping cost of any RTO order that was predicted safe by usTechnology based smart COD checkout option to detect risky users and save on shipping costsAutomatically disable COD for untrustworthy and blacklisted customersDuplicate orders identification and eliminationShipping Address Verification and smart shipping decisions based on the completeness of the address Benefits of RTO Shield: Improve conversion rates and reduce cart abandonmentFastest checkout experience, checkout under 10 secondsIntelligently identify high RTO risk customers from data sets comprising of telecom, banks, hyperlocal, and OTTIdentify abusers with the help of historical behaviour data on past buying behaviour and win over fraudsters How does it work? Integrate the application with WareIQ3 months historical data would be needed to train the model & generate accurate predictions.Go live in 3-5 days WareIQ RUSH Online businesses can offer Same Day Delivery to their customers and accelerate their online sales with WareIQ Rush. WareIQ RUSH allows eCommerce & D2C businesses to reach a larger audience in a shorter period of time (within one day) by empowering them with a strong nationwide network of fulfillment centers and micro-fulfillment centers near their customers. Why do you need WareIQ RUSH? Capture impulse buying behaviour of your customers by giving them shorter delivery timelinesReduce cart abandonment rate by giving express delivery to your customersAvoid cancellations due to delayed delivery and deliver the orders within hoursDeliver the COD orders quickly to get the remittance earlyGive a delightful and hassle-free experience to your customers that they can remember Benefits of WareIQ RUSH: Reducing delivery times - Ensuring your fulfilment centres are well-stocked so that you can reach a larger audience in a shorter period of time & offer same day delivery serviceReducing costs - Save resources spent on establishing infrastructure and store your inventory in fulfilment centres as per your business needsImproved customer satisfaction - With WareIQ’s prompt response times, you can ensure timely deliveries and greater brand reliability translating to satisfied customers Conclusion WareIQ offers a full-stack fulfillment platform for eCommerce companies to offer same day and next day delivery to customers – an Amazon Prime-like experience but accessible to everyone. With a strong nationwide network of fulfilment centres & urban dark stores near to end-customers and access to all major national & hyperlocal last mile couriers at discounted rates, WareIQ has established itself as a reliable partner for many reputed eCommerce players across the country. The easily integrable centralised tech platform has been extremely helpful for our customers. With the arsenal of business tailored apps on the WareIQ App Store, you can now choose which app to use to supercharge your supply chain operations. The 1-CLICK App-Integration experience is opening new avenues to scale up business over an inefficient & complex ecosystem of integrating multiple standalone business applications.While you can choose & drop apps as per your business usage in a completely hassle-free experience, you can get working previews of the apps through free trials, and subscribe as per your usage. These smarter apps powering same/next-day delivery help leverage AI/ML intelligence for areas, such as on-demand planning, smart inventory placement and network optimisation. Sign Up Now with WareIQ to avail our superior fulfilment tech platform & enhance your online business growth.
March 25, 2022
Same Day Delivery Service: Key to Accelerate Online Sales in 2022
Did you know that same day delivery service can help brands achieve 30% jump in revenueHigher repeat purchasesNear zero returns % As more & more brands start selling online to persist in the market, due to the burgeoning preference of online shopping among consumers, easy & improved accessibility to smartphones & faster internet services, one of the service offerings that has turned out to be the key enabler to online business growth is faster delivery service. Gone are the days when same day delivery service used to be just another factor for maximum customer delight. Same day courier delivery service is the new normal for online brands now. With the growing presence of online brands & geographically dispersed demand from customers across the country, eCommerce brands can differentiate themselves from other online players with same day courier delivery service even to the customers in the nook & corner of the country. Read along to understand how same day delivery services can be a game-changer for eCommerce & D2C business & how WareIQ RUSH can be your best fulfillment partner to accelerate your online sales. What is Same Day Delivery for eCommerce? Same Day Delivery for eCommerce brands is fast evolving as one of the most preferred services. Leading marketplaces like Amazon and Walmart have made deep pockets in the eCommerce space with Same Day fast Delivery service. As the concept is fairly new, there is a lack of awareness among eCommerce brands regarding the myriad advantages of same day/ 24 hour delivery. It means delivery of purchased products to the customer in less than 24 hours, ideally within the same day as the order is placed on the eCommerce platform. A recent survey showed: 60% of online shoppers said that delivery speed was an influential factor in their purchase decisions80% of shoppers shift to a different ecommerce brand if delivery speeds are too long. Thus, speed is a very important factor for any eCommerce business as success depends not only on the product quality but also on the time taken by it to reach the customer. More specifically, about 49% of customers consider Same Day or Next Day Delivery as a value addition to their purchase experience on any eCommerce platform, according to a recent study. [contactus_uth] Why is Same Day Delivery Service Necessary for Online Brands? The e-commerce industry is getting very competitive day by day. With the entry of multiple billion-dollar companies, the segment is getting crowded as never before. With a lot of money in hand, they are able to provide multiple services such as same day /next day delivery service to the end customer which the small or medium-sized entrepreneurs are unable to provide. Moreover, the success of an e-commerce business not only depends on the product quality but also on the entire customer experience which depends heavily on the delivery timelines. For offline businesses who are planning to start online businesses & hence be a multi-channel retailer, same day courier delivery provides an opportunity to participate in the e-commerce boom and stay relevant in the market by providing more convenience to their customers at the same time with a hassle-free same day delivery experience. Do customers really want it? According to a recent survey by PWC, more than 60% of shoppers say delivery speeds influence their purchasing decisions and more than 80% of online shoppers search elsewhere when delivery speeds are too long, this clearly shows how much speed matters. As per Conveyco, “Nearly half of consumers said they were willing to wait within two days for delivery in 2021 as opposed to a quarter of consumers who said they would wait within 3-4 days. This 20% drop off illustrates the importance and expectation that most consumers have when it comes to standard two-day shipping.” Source: Mckinsey Report Now the expectations have started shifting towards same day courier delivery. If the online businesses don't find out solutions to meet the rising customer expectations of hassle-free same day delivery experience, either they are going to be surpassed by their competitors or completely run out of business altogether in the coming future which won't be too far. How is Same Day Delivery Service a Key Enabler for Revenue Growth for eCommerce Brands? High conversion rates - Ecommerce brands offering this fast delivery service have higher customer conversion to capture impulse buying behaviourLow cart abandonment rates - customers tend to abandon the cart if the delivery time is long (5 - 10 days)Delightful customer experience - give a delightful and hassle-free experience to your customers that they can rememberLow order cancellation rates - reach your customers in 24 hours, so that they won't cancel the order due to a delay in delivery.Short cashflow cycles - to get the cash from the COD orders early, you will have to deliver the orders early What are the Top Challenges Faced by eCommerce while Providing Same Day Delivery Services? With geographically dispersed demand & rising customer expectations of same day delivery service of the products purchased online, even in the remotest parts of the country, e-commerce brands are now under pressure to provide such service to stay relevant in the market. However, 24 hour delivery can be challenging for e-commerce brands to offer because of the inaccessibility of prime-like fulfilment infrastructure to online brands selling outside of Amazon due to the following 3 factors: High fixed investments (significant contract size)Rigid contractsTech complexity The fact that eCommerce brands typically don't have physical stores limit their ability to offer same day or 24 hour delivery service. This also makes it difficult to personalize deliveries and create a seamless customer experience. If e-commerce and D2C brands are handling their own delivery operations, they face a lot of challenges: Missing the 24 hours delivery timeline of orders due to improper planning & coordination of fulfillment process leading to minor delays in O2S (Order to Ship), S2D (Ship to Deliver) timelines that leads to delay in expected O2D (Order to Deliver) timeline of 24 hoursInadequate size of fleets & understaffed warehouses to handle the increased volume associated with same day delivery (in case of sudden spike)Improper packaging, & mishandling of items that lead to product damage during transitImproper labeling that leads to wrong product reaching a wrong destination Do it yourself (in-house) or find the right partner to do it for you (outsource)? There are 2 ways in which online brands can provide same day delivery services to their customers: In-house fulfilment: This provides more control and transparency on the processes, but it is hard to oversee and manage as it requires a lot of capital and manpowerOutsourced fulfilment: This helps to serve the ecommerce businesses in a cost-effective manner but comes with its own set of challenges Apart from the differences, the operations involved in both the methods are similar, which includes Receiving and storing stock. Tracking and analyzing inventory.Picking and packing orders. Shipping deliveries with a shipping partner. The major challenge with both the solutions while offering same day delivery service to the customer is the cost of delivery. If you add the shipping cost to the product, then definitely the customer will abandon the cart. You also can't bear the cost of shipping because it will wipe off all the margin you had selling the product. Here is a short comparison between the 2 methods: How WareIQ RUSH Helps eCommerce & D2C Brands Accelerate Online Sales with Same Day Delivery Services? 5 ways in which WareIQ RUSH helps you accelerate your online sales with same day delivery services: Faster Order to Delivery WareIQ RUSH allows ecommerce & D2C businesses to reach a larger audience in a shorter period of time (within one day) by empowering you with a strong nationwide network of fulfilment centres near their customers. Our smart inventory placement ensures that your fulfilment centres are well-stocked and enables efficient & prompt delivery. As per reports, more than 60% of consumers, currently receiving deliveries in 5-15 days, are willing to pay more for a 1-day shipping speed and about 40% of customers prefer to shop from stores that offer 2-day shipping. Improved CPS (Cost per Shipment) WareIQ RUSH’s customers save resources spent on establishing infrastructure(i.e. Warehouses and fulfilment centres). We help you store your inventory in fulfilment centres as per your business needs. Our team’s expertise in logistics and our extensive warehousing network across India enables greater influence during negotiations(with warehouse owners and delivery partners), resulting in volume discounts for our clients Planning ahead in time WareIQ’s tech platform uses real-time data to enable your organisation to predict demand. With this data, you can make wise data-driven decisions ahead of time, thereby reducing costly delays and enabling supply chain efficiencies frequently Onground expert support Given the vastness of the logistics involved, WareIQ RUSH provides the expertise needed to improve and advance your supply chain for India’s ever-changing e-commerce environment. Our customer success teams support your day-to-day on-ground operations along with other requirements such as transport documentation, import and export licenses, compliances and economic regulations Improved customer satisfaction With WareIQ’s real-time data and prompt response times, you can ensure timely deliveries and greater brand reliability. This translates to satisfied customers — the most crucial success metric for direct to customer brands in a competitive space like India Customer Testimonial on Twitter Conclusion The online shopping experience of customers reaches an altogether different level with same day delivery experience. With minimum differentiation in product quality & features in similar categories & price range, same day delivery service can be an outstanding value proposition to your customers. In order to stay competitive in the market, same day courier delivery is probably the only way forward for eCommerce & D2C brands. While same-day delivery is an immense opportunity, it can be an operational challenge for founders/business owners alike. This is where WareIQ comes into the picture to help businesses accelerate their online sales. WareIQ is a category defining, best- in class full-stack eCommerce fulfillment tech platform (with inbuilt inventory planning, order management & shipping system) for modern brands to accelerate online sales/ expedite revenue growth & profits with same/next day delivery. We not only help you reduce your logistic costs but also your delivery timelines – this could be the game-changer your business needs! WareIQ offers centralised tech platform for your entire eCommerce operations ML-based prediction engine for efficient warehouse network design & smart inventory placementCentralised platform for core fulfilment & shipping operationsPost-shipping apps for delightful experience & zero to minimum supply chain leakages [signup] Same Day Delivery FAQs (Frequently Asked Questions) What services should the fastest couriers provide apart from same day delivery?Pickup, delivery, returns management, COD and prepaid payment are common services provided by India's quickest courier services. What makes WareIQ different from the other couriers?WareIQ is an ecommerce fulfillment company that acts like a shipping aggregator with shipping Partnership across all prominent National & Regional Couriers, along with integrations with same day delivery partners in metros. Are first-mile and last-mile shipment included in these quickest courier partners?Yes. All of these courier services provide first-mile and last-mile same day/ next day delivery. Does WareIQ offer same-day delivery service?Yes, WareIQ offers same-day delivery in all 7 major metros. How does WareIQ ensure same day delivery services for all its eCommerce clients?WareIQ ensures fulfillment centres near your customer are well-stocked, leading to same-day delivery.The 3 reasons mentioned below ensures same day delivery for WareIQ’s ecommerce partners:1. Strong nationwide network of fulfilment centers, dark stores & hyperlocal services 2. Accurate advanced demand forecasting models3. Smart inventory placement system
March 03, 2022
Why e-commerce and D2C businesses choose 3PL for their fulfilment needs
Indian e-commerce has grown and evolved significantly over the last few years. Brands are increasingly turning towards alternative online selling channels beyond ecommerce marketplaces (like D2C and social commerce), to reach consumers. Thereby, requiring fulfilment services beyond the captive logistics of the ecommerce marketplaces like Amazon FBA. Enter Third Party Logistics service providers (3PL). 3PLs allows e-commerce and D2C companies to save time and effort spent on organising and managing a supply chain by insourcing their logistics processes end-to-end, including picking orders from the manufacturing unit, warehousing, packaging, shipping, etc. A market study conducted by Mordor intelligence showed that the Indian 3PL market is expected to register a growth rate of over 11.5% during the period of 2020 to 2025, with D2C and e-commerce entrepreneurs demanding new logistics capabilities and complex solutions from the 3PL service providers to help them in the successful management of supply chain processes, bring down conventional logistics costs and handle more complicated tasks as they scale. In this article, we explore why e-commerce companies are choosing 3PL providers for their fulfilment needs. Rise of e-commerce in India A report by IBEF (India Brand Equity Fund) suggested that the Indian e-commerce market will reach US$ 99 billion by 2024, growing at a 27% CAGR over 2019-24. Source: IBEF (India Brand Equity Fund) Among other things, this growth will be fuelled by the following factors: Increasing internet user-base and smartphone penetration: India has the second-highest active internet user-base globally and is also one of the largest data consumers. As per IBEF report, this number has grown by a significant proportion in 2020 and is forecasted to grow by approximately 60% by 2022. Graph by IBEF on Smartphone user base in India Covid-19 PandemicThe Covid-19 pandemic has also undeniably contributed to the increase in ecommerce sales as citizens were forced to stay indoors.With more and more people staying indoors and on their screens, there has been a fresh influx of first-time online shoppers as well as an increase in online shopping in general in the absence of an offline avenue. The 2021 Global Payments report by Worldpay FIS confirmed this by tracking trends across 41 countries and concluded that digital commerce had accelerated during the pandemic. The report projected the Indian e-commerce market, driven by shopping on mobile, to grow 21% annually over the next four years. There is a good chance many of the first-time online shoppers will permanently shift a part of their shopping online, given that online shopping appeals to the time and comfort conscious consumers leading busy lives. Logistics providers that are driving the Indian ecommerce industry There are primarily three types of logistics service providers (LSPs) that are driving ecommerce fulfilment in India. Traditional LSPs, Captive LSPs and e-commerce retail-focused LSPs. In 2018, an in-depth analysis by KPMG showed that e-commerce retail-focused LSP’s (logistics service providers) occupied 28% of the e-commerce retail logistics sector, and this number has been increasing. E-commerce retail-focused 3PLs E-commerce retail-focused 3PLs are designed specifically to handle the demands of e-commerce fulfillment, a lot more intensive operation than offline distribution and fulfillment. Some 3PLs are equipped to work best with startups and SMEs and provide plug-n-play substitute to building infrastructure, while still giving access to demand analytics, fulfillment infrastructure and advanced WMS technologies. Many SME’s and startups are choosing to take advantage of this. And some of the benefits include: Decentralising inventory for one or two-day delivery without investing time and resources on building infrastructure. (e.g., warehouses, forklifts, labor, etc) Alternative to hassles of fulfill orders in-house or via other captive marketplace logistics Saving several hours a week packing boxes and shipping orders. More time for strategic projects like marketing and product development. Lower minimum order requirement __________________________________________________________________________ Looking for a fulfillment service provider for your e-commerce or D2C business? WareIQ is a 3PL offering end-to-end fulfillment services that include smart inventory management, strategic and customised warehousing solutions and tech-focused optimisation of your supply chain to meet fast shipping timelines and boost sales. Get in touch to know more.
May 13, 2021
3 things to know about WareIQ’s Next-Day Delivery
The ubiquity of internet access has levelled the retail playing field, making it easy for individuals and businesses to sell products without geographic limitation. eCommerce shopping is growing rapidly in India. The backbone of any successful eCommerce retailer is its logistics strategy and how quickly and efficiently it can fulfill orders to customers. Why is logistics so crucial? As more transactions move towards online, customers want what they order almost as instantly as they would get it if they were in a physical store. This expectation is largely attributable to one company: Amazon. It was only a few years ago that acceptable delivery timeframes were 5-7 business days. But definitely no today! Amazon has transformed the market in such a way that free, two-day shipping is now the accepted norm and that’s quickly evolving into a one-day expectation. One of the biggest challenges for eCommerce retailers is shopping cart abandonment. Sixty-nine per cent of all online shopping carts are abandoned. Multiple sources of industry research confirm that the number one reason is due to high shipping costs. So, one antidote to shopping cart abandonment is faster, more affordable shipping. And one antidote to Amazon is being able to deliver at a comparable cost and speed. The answer? Next-day delivery. Reaching your end-user within a next-day delivery is made possible with a larger, dynamic fulfillment network. But it doesn’t come without its challenges. As more and more retailers seek to compete with Amazon and offer fast, low-cost delivery to customers, here are the top 3 things to know about a next-day delivery fulfillment network like WareIQ: Identifying the Right Fulfillment Locations Allocating and Managing Inventory Evolving Customer Delivery Promises 1. Identifying the right fulfillment locations The crux of offering next-day delivery to your customers is adding more fulfillment centers to your distribution network. Traditional means of doing that have either meant you buy and operate your own facilities and resources, you outsource to a 3PL, or you go through Amazon’s fulfillment services. Next-day delivery from WareIQ is different. Instead of investing in fixed assets, long-term lease commitments, or Amazon’s services, you can leverage our marketplace of already-operating facilities that have excess space and resources for warehousing and fulfillment services. But, if you want to reach 95% of your customers with next-day delivery, how do you know how many fulfillment centers to add and where to add them? At WareIQ, we’ll start by running a full network analysis that models various fulfillment scenarios using your actual backend data. Based on your fulfillment goals for time and cost, we’ll work with you to find the most cost-effective network scenario to achieve these goals. 2. Allocating and managing inventory Having more locations in your network does complicate how you manage and allocate your inventory. However, there are several ways to work through this along with WareIQ. As you move into more WareIQ locations, what should you consider when planning for inventory? Decentralized demand increases uncertainty and variability and makes forecasts harder to pin down. Regional and local preferences may create a different mix of inventory at each location Rebalancing inventory between locations may be required Here are three ways to keep your inventory in check as you grow your network: Understand the needs of your customers: We can help you move to next-day fulfillment to all of your customers, but is next-day shipping their expectation for all of your products? Analyzing historic inventory backorders can provide a rough understanding of what you’ll need at each location, and performing A/B testing can help quantify the improvements to conversion that’s associated with shorter ship times. Start with your top-performing SKUs: Inventory allocation becomes exponentially more complicated when you combine your high- and low-performing SKUs at the regional and local level. As you begin to offer faster ship times, start with your top performers and allocate those by region. Keep it simple. Proactively manage your projects and relative inventory: In the early stages, you may need to spend more time managing inventory. Take it slowly and measure every move until you can better predict and proactively manage inventory and its allocation. We’re also here to help you make the most of your network. We can partner with you to help you analyze and forecast demand, establish the right mix of A, B, and C SKUs. 3. Evolving customer delivery promises WareIQ’s Next-Day Delivery is designed to help you improve your fulfillment strategy with a solution that makes sense for your business. This can be done in three ways: Drive growth: You can reach more of your customers faster through a network that offers the flexibility and scalability traditional 3PLs and warehousing solutions can’t Cut costs: Eliminate traditional warehousing expenses and get the right inventory to the right location at the right time for the right cost Reduce risk: Control your own brand experience by delivering to your customers in your own brand collaterals and packaging As you refine your fulfillment strategy, you can begin to evolve your customer delivery promise and differentiate yourself from your competitors. For high-growth eCommerce retailers, your logistics strategy is the backbone of your business. To Know about WareIQ Next-Day Delivery - www.wareIQ.com
March 04, 2021
The benefits of selling D2C
Obviously cutting the middleman out of the equation provides the potential for brands to earn a higher margin and have direct access to their consumers and their data. But there are other notable benefits of selling D2C, which we explain below: Benefit #1 To gain a better understanding of the customer Before the intervention of D2C, manufacturers rarely interacted with the people who purchased their product. Sure, brands may try to get a good understanding of their target market by doing research and conducting surveys. But trying to understand your customers through these methods isn’t necessarily the best way to get to know them. Ideally, you need to have direct contact with your customer through every stage of the sale process, this also includes the communication that you have with the customer after you sold the product. These types of interactions are very hard to replicate in a focus group. To give you an example, it is widely known that consumers in the US want to eat healthily. GlobalData reports that 87 per cent of consumers in the US check the ingredients before they purchase a food product, and 75 per cent are concerned about consuming too much processed and unhealthy foods. But on the contrary, those same customers, who have said they want to eat healthily, also want to indulge in a gourmet burger served with fries. D2C enables brands to gain direct insights into their consumers and gather data that accurately reflect their behaviour. Benefit #2 Faster GTM (go to market) Besides being stuck in their ways, another reason why most legacy brands tend to shy away from innovation is that of the extreme risks involved. On average, a new product launch takes between 18 to 36 months - too slow, right? That’s exactly what customers feel. In D2C, manufacturers can take quick decisions allowing them to launch a new innovative product on a smaller scale but faster. Manufacturers can develop a specific product, test it within a very tight demographic, and then get their feedback. This enables large manufacturing firms to understand what their customers love and hate about the product so they can make the required adjustments where appropriate. Benefit #3 Increased control over brand, product, and reputation In a traditional manufacturing-retailer relationship, manufacturers could only have full control over their packaging and their outbound marketing activities like TV commercials and billboards. Once the product hits the shelves, larger brands no longer have control in trying to influence the sale. Even though these large brands try to influence as much as they can through commercial advertisements, if retailers struggle to sell their product, then they’re at risk of incurring a loss. With D2C, firms maintain complete control over their brand from the moment a customer makes their initial engagement right up until the product has been purchased.
February 24, 2021
4 Common eCommerce Pain Points and how WareIQ can help
There can be nine good reasons to place an order on your eCommerce platform but a single bad reason is enough to drive the customer away. Even something that might seem trivial can have a huge impact on deciding if the customer wants to place orders on your platform. In fact, only about 30% of the potential customers complete the same. Why is it so? The answer is simple- you fail to deliver what you promise or your competitor offers a better service and you simply don’t meet the customer expectations. There are two broad ways to tackle this- Enhance the user experience on your website. Ideally, it should be as seamless and optimized as possible. Enhance the overall customer service delivered beyond your website. With changing consumer trends and fast-tracked digital adoption and eCommerce growth due to the COVID-19 pandemic, customer expectations have increased rapidly. It becomes quintessential to improvise subtle aspects of your website and service to beat the competition. In this article, we will discuss various pain points of the supply chain and logistics that can cost your business and how WareIQ can help you in dealing with the same. Hiding shipping costs can be an expensive mistake Cart abandonment (wherein the customer adds items to their cart but doesn’t complete their order) is one of the major problems for eCommerce websites. According to a study by Baymard Institute, up to 50% of the customers quoted extra hidden charges from shipping as the reason for abandoning the cart at checkout. Customers prefer to know the total cost of the product right away. Any additional costs popping up during checkout can be an unpleasant experience. It can suddenly feel like too much or out of their budget. Conversion becomes difficult and the customer would be prompted to explore other options to try to get a cheaper deal. The solution - Let the customer know the shipping charges before the final checkout. Ideally, a modern-day customer expects free shipping (at least at a certain price threshold). Firms like Amazon have set high benchmarks for the same with their free prime delivery. What if you are unable to provide free shipping or even reduce the cost of the same? Showing it upfront can make everything look costly for the consumer. This can be addressed in multiple ways. You can modify your pricing strategy to cover the shipping charges within the product cost but brand yourself for free deliveries. You can bore the shipping expenses from your side on behalf of the customer to improve loyalty/retention and hope that the net long term revenue is improved. You make a smart choice to partner with WareIQ and actually reduce your shipping charges significantly- a win-win for both the seller and the buyer. So, how exactly is WareIQ able to do it? It is the result of a PAN-India decentralised network that WareIQ hosts to make shipping efficient and cost-effective. With optimised inventory placement closer to the customer, shipping charges are reduced. Customer service can get affected by things beyond your control The level of customer service provided is directly reflected in the online reviews and word of mouth recommendations. In many cases, mistakes by a 3PL provider or some external agent in the supply chain can affect the consumer-facing brand value. For example, a delayed delivery by your logistics provider brings a negative review to your brand. The reputation you hold among your customers is influenced both by how you deal with customer complaints or assist them online as well as the offline ecosystem you work with. What’s worse than a delayed delivery is not addressing it on time and being accountable by giving personalised feedback to the customer. With WareIQ in the picture, a lot of things become easy to manage. Firstly, you need not worry about the delivery part and how shipments are handled by the offline staff. You will also be provided with a branded tracking page to take timely actions as required. RTOs/NDRs are also efficiently handled by WareIQ without any delays. It enables you to have faster returns processing with quicker and more efficient returns approval, pickup and cash recovery cycle. Ageing inventory and how to deal with it Have you ever faced issues with your stock cluttering up in your warehouse? Slow-moving products and those in low demand can be difficult to sell. They end up taking your precious inventory space. This can directly increase your operational costs. On top of this, going out of stock frequently for high demand products is a huge red flag for the business. If customers don’t get the products they want and when they want it, they will simply lose their trust and loyalty in your services. Poor inventory managed can also lead to misplaced orders, delayed deliveries, and poor tracking- all of which can directly affect your sales and have a long term impact on your business. All these issues can be tackled with smart inventory management that WareIQ provides. Once you plug in WareIQ into your supply chain, you can generate insight on inventory placements by locations to offer fast shipping. WareIQ will then take care of optimally shipping the inventory to the customers. It can also recommend inventory placement across their decentralised network based on supply and demand trends ensuring that the stock is available where it should be. WareIQ shipping engine is integrated to all major national couriers & same-day delivery providers. Sellers can go by default “Intelligent Mode” or easily configure their own preferences. Handling the issues due to low quality/untrained on-ground personnel Your customer has placed the order and you have taken care of all the logistics required smoothly and shipped it successfully. What can go wrong now? In fact, a lot of things in the last-mile delivery, which actually puts the product in your customer’s hands- the ultimate end goal. We have seen in a previous article on how WareIQ can help you deal with these challenges. One of the major issues you can face is with the on-ground personnel who don’t handle the packages well and make mistakes with the delivery. A lot of the last mile challenges due to poor handling can be overcome with smart customized solutions that WareIQ provides. Customers expect to get their package delivered without any hitches and experience a smooth unboxing. Branded packaging helps. It also makes it easy for delivery personnel to handle it. Amazon is a great example in this context, and WareIQ can provide the same level of experience with its predefined packing guidelines. Sellers can also avail discounted rates from the supplier network with branded packaging options. With a robust tracking system in place, things get easy to monitor. Endnotes Addressing the eCommerce pain points where a third party is the cause of them can be difficult. If there is some issue with your online website, you can probably seek some optimization with your in house developer team or your software vendor. In case of offline issues in the supply chain like we have seen, things get tricky with a lot of variables involved. Partnering with someone trusted and efficient like WareIQ, which has the technology and infrastructure to deal with such issues at scale can immensely help in mitigating the same.
December 10, 2020
Building a Next-day shipping engine for your business
As increasing consumer demand accelerates e-commerce growth, the logistics of getting orders to customers becomes more complicated - especially with the novel coronavirus impacting entire supply chains. Despite the uncertain times (or more so during this time), one thing remains unchanged; the customer's need for fast delivery. Popularized by Amazon, same-day and next-day delivery has become the default expectation today. In fact, studies by PwC & Accenture reveal that: 61% of consumers are willing to pay more for 1-day shipping speed and 40% of customers prefer to shop from stores that offer 2-day shipping. More than (51%) half of retailers offer same-day delivery and 65% plan to offer it within two years. Fast shipping is no longer a good-to-have but rather a necessity for e-commerce businesses to survive. Amazon has built a supply chain that can deliver most products within 2-day (and high moving goods the same day). They optimize every part of the fulfilment value chain to achieve these timelines. But can other e-commerce sellers provide the same experience without Amazon-level resources? Yes, they can. How? To optimize the fulfilment cycle, we must first understand the ‘Click to Door’ journey - all the different stages and destinations an order goes through before it reaches your customer. Click to Door journey What does it take for an order to reach your customer? Let’s take a look. Pack & Ship: The journey starts with your warehouse, where the order has to be packed and labeled. This could typically take 1-2 days depending on order volume and your warehouse's manpower productivity.First Mile Delivery: The order is collected from your warehouse by a courier partner and shipped to the distribution center. Typically, the pick-up schedule is once a day if the warehouse is located in the metros. In case of larger order volumes, courier partners can also schedule multiple pick-ups every day.Mid Mile Delivery: This stage involves the transfer from one hub to another. All collected parcels are aggregated based on to and fro zones and moved together. The mid mile process, typically, takes one day. Local Sorting Center: Once the order reaches the delivery target zone hub, it is passed to the local sorting center based on the area of delivery. This typically takes anywhere from half a day to two days. Last Mile Delivery: Finally, the order is picked up from the sorting center and aggregated with multiple orders going to the same pin code and assigned to a delivery boy. The entire process is inherently long and relies on the productivity of your distribution partners and the partnership that you have with them. Inefficiencies in either of these stages can lead to significant delays and unhappy customers, i.e. lost revenue for your business. How can you optimize the process? To build an efficient shipping engine, your logistics network must be efficient. This incorporates a mix of partners, resources, and best practices designed to help you optimise. Schedule multiple pickups in a dayStore goods in distributed warehouses close to your demandPartner with same-day delivery partners While you can implement the above processes yourself, it may require a lot of initial investment and stretch your capacities. A good alternative would be to partner with companies that offer logistics support. This is where we come in. Modern logistics partners such as WareIQ unifies network, technology, and expertise to offer end-to-end fulfilment services allowing you to focus on your core business and not worry about logistics. With WareIQ you get: The ability to store inventory in several of the fulfilment centers so you don’t have to manage your own warehouse(s)Robust technology that tracks your inventory and orders and offers advanced analyticsThe e-commerce logistics expertise needed to improve your supply chainBulk discounts and ability to reduce your delivery times and shipping costs [contactus] Many growing e-commerce businesses like Kama Ayurveda, Wingreens Farms, Sangeetha Mobiles, and Organic Riot partner with WareIQ to offer next-day shipping. WareIQ helps you shorten your orders’ click to door journey and make the entire process more efficient [signup] With WareIQ's infrastructure and technology, you can ship 90% of orders across India in 1 day. Such delivery timelines translate to not only cheaper logistics costs but an elevated customer experience, resulting in higher conversions and lower cart abandonment.
November 11, 2020