Blogs

Top 10 Cold Storage Companies for Sellers in India That Deal in Warehousing of Perishable and Delicate Goods in 2024

Top 10 Cold Storage Companies for Sellers in India That Deal in Warehousing of Perishable and Delicate Goods in 2024

eCommerce is a large, diverse industry that encompasses many different types of goods, with some requiring additional effort and specialized conditions in terms of storage and transportation. For instance, heavy or bulky items would need extra storage space in the warehouse and delivery vehicle, heavy-duty forklifts for loading and unloading, and more. Similarly, perishable goods such as food and beverages would require cold temperatures in order to preserve their freshness and prevent them from expiring. If you are a seller of these types of commodities, partnering with a logistics company that offers these specialized services is crucial if you want to fulfill orders across the country. Fortunately, because there is an ever-increasing demand surrounding the storage, warehouse, and fulfillment of perishable goods, a large number of cold storage logistics companies have emerged to fill the void. In this blog, we will take a look at what cold storage companies are and the top 10 cold storage companies in India currently available. What are Cold Storage Companies? Cold storage companies are specialized storage and logistics providers that offer temperature-controlled warehousing and transportation solutions for perishable goods such as food, beverages, pharmaceuticals and chemicals. These companies utilize state-of-the-art technology to maintain optimal storage conditions for their client's products, ensuring that they are kept at the right temperature, humidity and other environmental factors required for their preservation. The facilities of cold storage companies are equipped with various types of refrigeration systems, including blast freezers, chillers, and temperature-controlled rooms, to provide the necessary conditions for different types of products and can be regulated automatically or manually. These facilities are usually located near transportation hubs such as ports, airports, and major highways, making it easier to transport products to and from the storage facilities. [contactus_uth] Top 10 Cold Storage Logistics Companies in India in 2023 WareIQ Source Founding Year: 2019Headquarters: Bangalore, KarnatakaServices Offered: Order fulfillment, cold storage, inventory storage, order management, custom WMS and more.About: WareIQ is an order fulfillment company that has grown to become one of India’s leading 3PL logistics companies. It provides a vast network of fulfillment centers and dark stores, with all of them being equipped with cold storage facilities as well as the latest temperature monitoring and regulating facilities. It has enabled many of its retail clients in food & beverages, dairy segments like Epigamia, Wingreens, Raw Pressery etc. to easily store and transport fresh and frozen produce, as well as pharma and nutraceutical companies like Gynoveda, myUpchar, Wellness Forever, Setu Nutrition etc. to store and transport medicines, with its temperature controlled warehouses & transport facilities. In addition to cold storage facilities, the company also provides value-added services such as personalized custom packaging, branded order tracking and much more, making it an attractive option for sellers who need a well-rounded fulfillment partner. [signup] Coldman Warehousing & Distribution Source Founding Year: 2012Headquarters: Bangalore, KarnatakaServices Offered: Warehousing, cold storage, distribution, business consulting, food processing and more.About: Coldman is one of the top cold storage logistics companies in India. You can avail of Coldman’s services for all of your supply chain needs involving temperature management. They are capable of handling items that need to be stored anywhere between the -20°C to +20°C temperature range. They provide services to almost every type of industry, such as restaurants, food processing companies and confectionaries. They can also handle many types of products, such as fruits and vegetables, poultry and meat, and pharmaceuticals. Furthermore, Coldman has had success offering its services in several countries across the globe. Snowman Logistics Source Founding Year: 1996Headquarters: Bangalore, KarnatakaServices Offered: Warehousing, cold storage, round-the-clock operation, 100% power backup, temperature-controlled trucks and more.About: Snowman is one of the longest-serving cold storage companies, operating constantly since 1996. For temperature-regulated logistics services, such as cold storage, transport and other additional services, Snowman has emerged as a market leader in India. Their integrated distribution strategies and cutting-edge cold storage facilities in large metropolitan areas like Mumbai, Bangalore and Chennai guarantee the maintenance of product quality and temperature integrity from the point of origin to the customer’s doorstep. Coldrush Source Founding Year: 2012Headquarters: Mumbai, MaharashtraServices Offered: Customizable storage, in-house WMS, cold storage, online temperature monitoring, 100% power backup and more.About: Coldrush is one of the leading cold storage companies in India offering top cold storage services in India. Several varieties of cold storage services are offered by Coldrush, such as chilled, frozen and ambient storage. It has multi-capacity chambers that adhere to the strictest requirements for handling products at controlled temperatures. Ever since its founding, Coldrush has carved out a country-wide niche in the industry for sellers who require detailed cold storage solutions. The business has the know-how, experience and in-depth comprehension required to consistently enhance the performance of integrated cold storage supply chains with new solutions. Suggested Read: List of the Best Logistics Companies in Maharashtra Indicold Source Founding Year: 2012Headquarters: DelhiServices Offered: Warehousing, cold storage, order processing, packaging, distribution and more.About: Indicold is dedicated to dominating the Indian market by providing superior and affordable cold chain logistics solutions. Its facilities for the fresh and frozen food industries give its clients a competitive edge, enabling them to prosper in a market that is constantly shifting. The business now conducts business across India, offering its customers speedy and dependable transportation and cold storage services through regulated, overseen partner stores and carriers, making it one of the best cold storage companies for sellers that need all-India distribution. Suggested Read: List of top Warehousing Companies in Delhi. Cold Care Group Source Founding Year: 2000Headquarters: Hyderabad, TelanganaServices Offered: Cold storage, maintenance, food processing, transportation, testing facilities and more.About: One of the most experienced cold storage companies in India, Cold Care Group leads the market in providing cold storage solutions. They manage over 20 cold storage warehouses, as well as offer logistics and refrigerated transportation services. With cutting-edge technology, Cool Care offers comprehensive solutions in the cold storage industry and services for temperature-regulated logistics. They are good if you are looking for affordable services and also if you are looking to reduce your transportation costs. It can store and handle various types of commodities, ranging from vaccines to plant seeds, making it one of the best cold storage logistics companies for sellers who deal in a diverse range of products. Suggested Read: Logistics Companies in Hyderabad in 2023 for Offline and Online Sellers Indraprastha Cold Storage Source Founding Year: 1952Headquarters: DelhiServices Offered: Product procurement, cold storage, nationwide distribution, 100% power backup, freshness preservation and more.About: The longest constantly operational firm among the cold storage companies on this list, Indraprastha Cold Storage provides a wide range of services, including procurement of produce directly from farms, transportation services across India and, of course, cold storage facilities. The company currently has over 500,000 square feet of storage space that are equipped with a variety of safety features such as stainless steel lining and aluminium walls to prevent cross-contamination and odour consolidation so sellers can be assured that their products will always stay fresh. Siddhi Cold Chain Source Founding Year: 1974Headquarters: DelhiServices Offered: Temperature-controlled warehousing, cold storage, distribution services, order consolidation, 100% power backup and moreAbout: One of the most experienced cold storage companies on this list, Siddhi Cold Chain began operations in 1974 and is a subsidiary of Siddhi Enterprises. The company provides a vast swathe of cold storage facilities as well as conventional logistics services. They have over 500,000 square feet of temperature-controlled warehousing space and a distribution network over the entirety of North India. However, it is limited by the fact that it only deals in vegetarian products and also because it does not have comprehensive operations in the rest of the country. Godamwale Source Founding Year: 2016Headquarters: Bhiwandi, MaharashtraServices Offered: warehousing, cold storage, automations, distribution services, consultancy services and more.About: Godamwale is a logistics and cold storage company. It has among the largest and most comprehensive infrastructure of temperature-controlled warehouses and cold storage facilities. It also provides conventional logistics services, such as distribution, order fulfillment and more, making it a one-stop shop for companies that need access to all these facilities and reduce logistics costs, in addition to just cold storage. It also has many big-name clients, including Amazon, Big Basket and Godrej, cementing its reputation as an experienced and well-adjusted 3PL company. Arihant Cold Storage Source Founding Year: 2007Headquarters: DelhiServices Offered: warehousing, cold storage, inventory management, cross-docking, order processing and more.About: Arihant Cold Storage is a cold storage company that provides a variety of temperature-regulated solutions. To keep goods secure, hygienic and always at the right temperature, Arihant Cold Storage employs advanced monitoring technology. Every aspect of storage is efficiently managed by their highly qualified staff. They assure their customers of no damage, temperature abuse or theft because they use various security measures. They are professionals at storing various types of products, ranging from pharmaceuticals to food products. Conclusion: Get Access to Cold Storage and Other Value-Adding Services With WareIQ Cold storage logistics companies are absolutely essential for businesses that deal in products that require very specific temperatures and other environmental regulations. An absence of these facilities can be detrimental to the products as well as your chances of selling them. Thankfully, the landscape of companies providing cold storage facilities has increased dramatically owing to the growing number of retailers that require them. As a seller, it is best to identify your own objectives, requirements and available budget so that you can make a well-informed decision that fits all your constraints. If you need access to cold storage facilities in addition to other fulfillment services, WareIQ can be the option for you. WareIQ is known for providing multiple value-adding facilities, such as cold storage facilities, customizable packaging, branded tracking and more, along with conventional order fulfillment services. Some of them are listed below: Nationwide Storage Network: We have a pan-India storage network consisting of fulfillment centers and dark stores that have cold storage facilities and other advanced services.Branded Packaging: We provide customizable packaging where almost every competent can be tailored to your tastes and preferences.Branded Order Tracking: We help equip you with editable tracking pages so you can customize the design and include whatever information you need.App Store: We have an in-house app store where productivity-enhancing apps can be downloaded to assist in various functions, such as customer feedback and providing shipping badges.Custom WMS: We have an in-built WMS that can update you about your orders and inventory data in real-time, automate multiple functions and integrate with most eCommerce marketplaces. Cold Storage Companies: FAQs What types of products are required to be stored in cold storage?Cold storage companies can store a wide range of products. Some products that need to be stored in cold storage include:- Fresh and frozen food products- Vaccines and pharmaceuticals- Temperature-sensitive items What are the positives of using a cold storage company?The benefits of using a cold storage company include:- Extended shelf life for products- Reduced product waste- Improved product quality and safety- Access to advanced storage and logistics technologies- Broadened scope of products What types of refrigeration systems are used in cold storage facilities?Cold storage facilities use a variety of refrigeration systems, including blast freezers, chillers and temperature-controlled rooms, to maintain the appropriate storage conditions for different types of products. How do cold storage companies maintain the appropriate temperature for stored products?Cold storage companies use advanced temperature monitoring systems and equipment to ensure that stored products are kept at the right temperature, humidity and other environmental factors required for their preservation. Are cold storage companies subject to any regulatory requirements?Yes, cold storage companies are subject to a range of regulatory requirements, including food safety regulations and pharmaceutical storage guidelines, and must comply with these standards to ensure the safety and quality of stored products. Which are the best cold storage logistics companies in India for the food & beverages and pharma industries?A few of the best cold storage companies in India are as follows:1. WareIQ2. Coldman Logistics3. Snowman Logistics4. Coldrush5. Indicold6. Cold Care Group7. Indraprastha Cold Storage8. Siddhi Cold Chain9. Godamwale10. Arihant Cold Storage

March 03, 2023

Categories:
10 Best Shipping and Logistics Companies in Indore for Retailers to Outsource Their Logistical Requirements in 2024

10 Best Shipping and Logistics Companies in Indore for Retailers to Outsource Their Logistical Requirements in 2024

Indore, while not being the capital of Madhya Pradesh, a privilege that is designated to nearby Bhopal, is the largest and most populated city in the state. Located smack bang in the middle of the country, Indore lies on the Malwa plateau and has one of the highest elevations among cities in Central India. It has also been named India’s cleanest city in 2022, a title that it has held continuously for the past 6 years. In addition to these fundamentally positive attributes, the city also has a booming IT sector, with multiple IT parks having sprung up in the past few years. This has enabled the city to have the regional headquarters and offices of multiple big-time brands as well as many emerging startups. The state government has also attempted to boost the economy by promoting a business-conducive environment and the city also has a large presence in the vehicle manufacturing industry, earning it the nickname “The Detroit of India”. However, all these businesses require the presence of fulfillment companies to assist them in their growth prospects. In this blog, we will take a look at the services generally provided by most fulfillment companies and the top 10 logistics companies in Indore. What are Some of the Services Provided by Logistics Companies in Indore? Transportation Facilities This is the primary service provided by virtually all of the major logistics companies in Indore. They generally offer different modes of transportation, such as air, sea, road and rail, to transport goods from one location to another. They also provide other transit-oriented services like booking, consolidation of transport services, loading, unloading and tracking of shipments. A logistics company with a large distribution network that spans the entirety of the country is crucial if you want to capitalize on every sale and ship products to wherever customers are located. Inventory Storage Most logistics companies in Indore provide storage facilities for products and goods. They have warehouses equipped with advanced technology for the efficient storage, retrieval and distribution of goods. They offer services such as inventory management, order fulfillment, and pick and pack fulfillment services. Some companies even make use of advanced software solutions such as WMS software and multiple automations. This allows for inventory to be monitored and analysed in real-time, across eCommerce selling platforms and storage locations. Freight Forwarding Services Freight forwarding is a service where logistics companies organize the transportation of goods from the manufacturer to their final destination. They handle all the logistics involved in the process of moving the goods, including documentation, packing, loading, and insurance. This completely takes away the burden of dealing with complex paperwork, documentation, and other time-consuming tasks from retailers so they can focus on other aspects of their business. Supply Chain Management Logistics companies in Indore generally offer supply chain management services to help businesses streamline their supply chain operations. They provide end-to-end supply chain solutions that optimize the movement of goods and improve overall efficiency. They can also identify any bottlenecks or inefficient processes that are causing disruptions and can provide recommendations to correct them or remove them entirely. Suggested Read: How to streamline shipping processes in 2023? Reverse Logistics Many logistics companies in Indore offer reverse logistics services, which involve the process of moving goods from their final destination back to the manufacturer or distributor after a return has been initiated by a customer or the product has been damaged in transit before reaching them. This service includes return management, repairs and recycling of products. Dealing with returns can be expensive but logistics companies that can handle it on your behalf will save you a lot of financial resources and effort. [contactus_gynoveda] 10 Best Logistics and Shipping Companies in Indore in 2023 WareIQ Source ​​Founding Year: 2019Services Offered: eCommerce fulfillment, real-time tracking, logistics, shipping, warehousing, warehouse management supply chain management, contract logistics, 3PL logistics, and more Founded in 2019, WareIQ is one of the fastest-growing logistics companies in Indore. The organisation offers a vast array of facilities that cover any logistical need that your company might have. Order fulfillment services is its flagship product but it also provides many other, more complex services, including an app store with tools to boost productivity, a personalised WMS that can automate numerous inventory management procedures and monitor inventory data in real-time, integrations with various selling platforms and much more. If you're looking for an alternative that won't hit too hard on the wallet, it also features reasonable pricing and enables you to choose which services you need. Salient Features: Some of the main features that make WareIQ one of the best logistics and shipping companies in Indore are listed below: It consists of a built-in WMS that can automate reordering, manage inventory, and much more.It handles all aspects of reverse logistics in addition to providing returns management.It offers a pan-India storage network, including local dark stores and fulfillment centers.It offers an intelligent shipping allocator and collaborates with over 20 delivery partners and firms.It enables integrations with numerous web-building systems and eCommerce marketplaces, like Flipkart, Magento and others. RCPL Logistics Source Founding Year: 1997Location: Nayapura, Indore RCPL Logistics is a logistics company that was founded in 1997. ​​The business is renowned for giving companies the greatest possible assistance in terms of shipping and transportation facilities. To meet the needs of various businesses, the company offers various services. This includes operating and maintaining a large fleet of trucks, packing and unloading facilities, logistical planning, vehicle transportation, and much more. Salient Features: Some of the main features that make RCPL Logistics one of the best logistics companies in Indore are listed below: It provides various transportation options through air, rail and road.It offers a variety of additional services, such as weatherproof packaging, along with conventional logistics solutions.It has an India-encompassing distribution network.It has warehousing facilities for inventory storage.It can easily shift different types of products with its custom packaging solutions. Vivek Logistics Founding Year: 2010Location: Dewas Naka Indore, Indore One of the leading logistics companies in Indore is Vivek Logistics, which has a long history since being founded in 2010. The company specializes in road and air logistics services, which are defined by punctuality, adaptability, speed, safety and dependability. It also provides services such as the transport of pharmaceuticals, freight forwarding, packing and moving, and much more. Salient Features: Some of the main features that make Vivek Logistics one of the best logistics companies in Indore are listed below: It offers multiple transportation methods through air and road.It can handle delicate items like pharmaceuticals.It provides efficient freight forwarding services.It offers warehousing solutions for inventory storage.It can ship items locally as well as internationally. Speed Movers Logistics Source Founding Year: 2009Location: Navlakha Complex, Indore Speed Movers Logistics is an Indore-based logistics company that was incorporated in 2009. It specializes in offering a wide variety of on-ground transportation services and has a country-wide distribution network. It has a large fleet of enclosed trucks and also provides GPS-equipped tracking services for every order. The company also provides warehousing facilities for product storage and can ship bulky and heavy items with ease. Salient Features: Some of the main features that make Speed Movers Logistics one of the best logistics and shipping companies in Indore are listed below: It has a large fleet of delivery-ready trucks.It provides tracking facilities in real-time.It ensures the safety of your cargo by enclosing it with additional packaging.It offers cost-effective pricing.It provides warehousing services for inventory storage. Suggested Read: List of the Top 10 Logistics Companies in Gujarat in 2023. Life Care Logistics Source Founding Year: 2002Location: Dewas Naka, A.B. Road, Indore Life Care Logistics is an Indore-based logistics company that was founded in 2002. It offers cost-effective logistics solutions that are within reach for most companies. The company has worked hard to establish new industry standards while also focusing constantly on providing clients with the best services possible. Its staff of 800-plus highly skilled and experienced professionals offers effective warehouse management solutions and distribution services under one roof. Salient Features: Some of the main features that make Life Care Logistics one of the best shipping companies in Indore are listed below: It offers advanced features such as temperature-controlled warehouses.It provides a wide range of value-added services such as kitting, packaging, shipping labelling, and more.It provides a wide range of transport services by air, land and sea.It offers inventory management services.It provides a storage network consisting of multiple warehouses.  Carryfast Group Source Founding Year: 2011Location: Lasudia Mori, Indore, Madhya Pradesh Carryfast Group is an Indore-based logistics provider that was incorporated in 2011. This logistics provider offers a full range of 3PL services, including inventory management, order processing, express delivery, warehousing, quality assurance, packing and labeling. The company strives to give its clients the best value possible. Regardless of the scale of your shipping requirements, Carryfast Group will help you manage your company's transportation needs. Salient Features: Some of the main features that make Carryfast Group one of the best logistics and shipping companies in Indore are listed below: It provides many value-added services, such as packaging and rake handling.It handles reverse logistics for efficient returns management.It offers a variety of different transportation options.It takes care of inventory management.It offers warehousing services for product storage. BGRL Logistics Source Founding Year: 2017Location: Lasudia Mori, Indore Since its founding in 2017, BGRL Logistics has seeked to offer transportation services for a variety of goods, including tyres and CBUs for the FMCG industry, white and brown goods, vehicle components, alcohol, clothing, pharmaceuticals and yarn. The company's goal is to provide high-quality solutions by utilising cutting-edge technology and fool-proof techniques. Because of this, it has garnered a reputation for being one of the most reputable logistics companies in Indore. Salient Features: Some of the main features that make BGRL Logistics one of the best logistics and shipping companies in Indore are listed below: It can handle a wide variety of products, from industrial materials to household goods.It offers multiple transport options through air, land and sea.It ensures the safety of products in transit by adding additional protective layers.It provides warehousing services that consist of a variety of machinery and equipment.It offers inventory management solutions. Flow Logistics Source Founding Year: 2006Location: Sapna Sangeeta Rd, Indore Flow Logistics is a renowned freight forwarder company with over 20 years of experience established in 2006. The company is also a global logistics services provider and aids in the economical, risk-free transportation of merchandise inventory from its point of origin to its final destination. Their staff can carry out the excellent transportation of shipments through land and sea and offer customer care facilities around-the-clock. Salient Features: Some of the main features that make Flow Logistics one of the best logistics and shipping companies in Indore are listed below: It enables you to ship globally as well as within India.It specializes in ocean freight transportation.It offers 24/7 customer care facilities.It has economical pricing plans.It has a high level of existing customer satisfaction. Trivedi Transport Source Founding Year: 1990Location: Vijay Nagar, Indore Trivedi Transport is a logistics company that was founded in 1990. The company has acclaim throughout India and Nepal for being able to haul just about anything. It can take care of every logistical requirement from packaging to delivery, so you don't need to involve yourself in anything. It offers a wide range of services, including packing and moving, domestic relocation, transportation, warehousing, logistics and residential transferring. Some of the main features that make Trivedi Transport one of the best logistics and shipping companies in Indore are listed below: It provides many value-added services in addition to basic logistics solutions.It offers warehousing and storage services.It can store and transport any type of product, including dangerous and hazardous materials.It offers a wide range of transportation options.It has transportation infrastructure present throughout the country. Maxpace Logistics Source Founding Year: 2006Location: TT nagar, Dewas Naka, Indore Maxpace Logistics was founded in 2008 and is regarded as one of Indore's most reasonably priced, trustworthy and capable logistics providers. It handles every type of household commodity and also provides packaging services, in addition to loading and unloading them in a secure manner. Also, this business offers door-to-door moving services for a wide range of commodities such as cars, motorcycles and more. Salient features: Some of the main features that make Maxpace Logistics one of the best logistics and shipping companies in Indore are listed below: It provides moving and shifting assistance for household goods.It offers a conventional range of logistical services.It can handle even bulky and heavy items.It has more than 15 years of experience in the industry.It offers cost-effective pricing. Suggested Read: Check the List of 10 Best Logistics Companies in Ahmedabad in 2023. How To Choose The Best Logistics Company in Indore for Your Business? Things you should consider while choosing the right logistics company for your business are discussed below: Determine Your Requirements: Before choosing a logistics company, determine your logistics requirements such as transportation mode, warehousing needs, delivery time, etc.Do your Research: Conduct thorough research on logistics companies in Indore. Check their websites, read customer reviews, and ask for referrals from other businesses.Experience and Expertise: Choose a logistics company that has experience and expertise in your industry. They should have a good understanding of your business and logistics requirements.Technology and Infrastructure: Check if the logistics company has the latest technology and infrastructure to handle your logistics needs efficiently. They should have proper tracking and monitoring systems, well-maintained vehicles, and adequate storage facilities.Cost of service: Compare the costs of logistics services offered by different companies. Choose a company that offers competitive pricing without compromising on the quality of their services.Customer Service: Choose a logistics company that provides excellent customer service. They should be responsive, communicate clearly, and be willing to work with you to meet your logistics needs.Insurance and Licenses: Check if the logistics company has the necessary insurance and licenses to operate in Indore. This will ensure that your goods are protected in case of any mishaps during transportation. Conclusion: Enhance Your Logistics Operations With WareIQ Indore is quickly emerging as a good place to conduct business operations for a variety of businesses, including large MNCs, mid-sized companies and small-scale startups. This has resulted in the appearance of many logistics companies looking to find a client base that will take advantage of the services they bring to the table. The main beneficiaries of this competition are the retailers and their customers. In order to out-compete one another, most of these companies need to step up their game and offer the best services for the lowest amount of money. However, you as a seller should also consider your own requirements, budget and objectives in order to make a decision that is right for you. If you need a logistics company in Indore that checks all the boxes, you can consider partnering with WareIQ. WareIQ is one of India’s most rapidly growing 3PL logistics companies. We believe that gaining access to the best facilities does not have to come at astronomical costs. We uniquely blend the use of advanced technology with resource-saving features such as not having any minimum order quantity and being able to pick and choose services that you need. Some of the key solutions we provide are listed below: A nationwide storage network of fulfillment centers and dark stores that enables you to store your products closer to your customers.A partnership with the best courier services in the country and a smart courier allocator that always assigns the most efficient and cost-effective option.An RTO Shield that protects your business from the adverse effects of returns in addition to completely handling your returns management.A custom WMS that aids in inventory management and automates important tasks such as inventory replenishment, tracking in real-time and more.A level of integrations that encompass most eCommerce marketplaces, web-building platforms and courier services.  Suggested Read: Logistics companies for Online & Offline Sellers in Surat. Logistics Companies in Indore: FAQs What is the role of a logistics company in Indore?Logistics companies in Indore are responsible for managing the movement and storage of goods and products within the city and beyond. They provide a range of services related to transportation, warehousing, customs clearance, supply chain management and more. Do logistics companies in Indore provide warehousing services?Yes, logistics companies in Indore provide warehousing services. They have warehouses equipped with advanced technology for efficient storage, retrieval and distribution of goods. Can logistics companies in Indore handle hazardous materials?Some logistics companies in Indore are equipped to handle hazardous materials. These companies have the necessary certifications and expertise to handle such materials safely and in compliance with regulations. How do logistics companies in Indore track and monitor shipments?Logistics companies in Indore use advanced tracking and monitoring systems to keep track of shipments. They provide regular updates to their clients on the status and location of their goods. How can you choose the right logistics company in Indore for your business?To choose the right logistics company in Indore for your business, you should consider factors such as:- Experience- Reputation- Range of services- Pricing- Customer service What is the cost of logistics services in Indore?The cost of using a logistics company in Indore depends on factors such as the amount of space required, the length of time goods will be stored, and the services required. You can get your quote here. Why is WareIQ among the top fulfillment and logistics companies in Indore?WareIQ provides a comprehensive range of services that cover every facet of eCommerce and we employ cutting-edge technology to make sure that every procedure is completed accurately and without error. In order to conserve money and resources, we also give you the option to choose only the services you require. Which are the top logistics companies in Indore?The top logistics companies in Indore are:1. WareIQ 2. Speed Movers Logistics3. Life Care Logistics

March 01, 2023
What is Post Purchase Dissonance? Definition, Examples, Factors and 7 Methods to Reduce Cognitive Dissonance in Post Purchase Behaviour in 2024

What is Post Purchase Dissonance? Definition, Examples, Factors and 7 Methods to Reduce Cognitive Dissonance in Post Purchase Behaviour in 2024

Gaining repeat customers and enticing existing customers to spend more money at your company after they have already made a purchase is a recipe for success for most businesses. This sentiment is backed up by droves of data - retaining 25% of customers can lead to a 95% increase in profitability, repeat customers are estimated to spend up to 67% more than new ones, 82% of companies suggest that focusing on retaining customers is less expensive than acquiring new ones and many businesses imply that 65 to 75% of their existing business comes from repeat customers. With these numbers in mind, it should be your utmost priority to ensure that customers have a good first impression of their experience with your brand and a pleasant Post-Purchase Experience in eCommerce. But, failing to do this can result in post-purchase dissonance and can ruin their chances of ever returning. In this blog, we will take a look at the meaning of post purchase dissonance in addition to examples, factors leading to it, and 7 ways to reduce its occurrence.  What is the Meaning of Post Purchase Dissonance? Post purchase dissonance, also known as buyer's remorse, is a psychological phenomenon that occurs when a person experiences feelings of doubt or regret after making a purchase. It is primarily caused by cognitive dissonance that arises when a buyer has made a purchase decision but then experiences a sense of conflict or unease about that decision, which may cause feelings of regret and anger. Post purchase dissonance is a common occurrence that affects many people and it can be especially pronounced in situations where the purchase involves a significant amount of money or emotional investment. For instance, a person who buys a new car may experience post-purchase dissonance if they later find out that they could have purchased the same car for a lower price or that the car does not perform as well as they expected. [contactus_lilgoodness] Instances of Cognitive Dissonance in Post Purchase Behaviour Initiating the Return of a Product Returns are one of the most common forms of post-purchase dissonance. Not all returns are initiated due to cognitive dissonance in post-purchase behavior. However, many instances of returns do stem from customers having regret about making a purchase and take a conscious decision to return it and get their money back. Retailers are expected to have flexible return policies that allow their customers to return items for a variety of reasons and can also put measures in place to shield themselves from the additional costs associated with it. It is important to make sure that customers have a smooth returns experience so that they will consider purchasing from your company in the future. Leaving Negative Online Feedback Oftentimes, post purchase dissonance can manifest in the form of customers leaving negative reviews and customer feedback for e-commerce on a company’s own website or other online forums. Many customers often check the reviews and consensus from other customers before they decide to make a purchase from a business. However, negative reviews are an unavoidable occurrence in the retail business, regardless of how perfect you strive to be. What is important is the way that you handle these negative reviews, an opinion also shared by the majority of customers. For instance, complaints should be responded to and addressed immediately for the satisfaction of both the person who wrote them and for potential customers observing how your business handles them. Unsubscribing From a Paid Service Subscription-based services have become the norm in many types of retail businesses. Customers may be encouraged to subscribe to such services by a well-made ad or a smooth-talking customer service executive, only to regret it after the recurring bills begin to stack up. This is when they try to remove any unessential expenses from their lives, which often include subscriptions to various services. This is where your business should make it easy and swift for customers to delete their subscriptions if they want to, rather than making them jump through various hoops in order to prevent money from being debited from their accounts. Giving up on their business in the short term could result in them having enough satisfaction to give your business a chance again. Factors Leading to Post Purchase Dissonance Having High Involvement in a Purchase Post-purchase dissonance is more likely to occur with high-involvement purchases, such as a house, car or an expensive electronic item. This is because these purchases involve a significant amount of time, effort and money, and consumers want to make sure they have made the right decision. Therefore, consumers generally do a lot of research when it comes to these types of purchases and can easily experience feelings of regret if everything isn’t as it seemed in the beginning. Getting Only Limited Information If a consumer feels that they do not have enough information about the product or service they purchased, they may experience post purchase dissonance. This can happen if the consumer relied on incomplete or inaccurate information or if they were not able to compare the product or service with other options. Customers should be informed about what to expect from products through specifications and measurements. Accurate and detailed product information should be provided to ensure that customers can make well-informed decisions. Having Unmet Expectations Post purchase dissonance can also occur if the consumer's expectations are not met after purchasing the product or service. This can happen if the commodity they purchased does not perform as expected or if the consumer discovers a flaw or defect that was not apparent at the time of purchase. This is especially pronounced for high-value purchases but can still be a factor, regardless of how much the item costs, due to most customers wanting the best value for their money. If the product is lacking in any capacity than what they anticipated, it can lead to feelings of instant regret. Instances of Social Pressure Social pressure can also lead to post purchase dissonance. For instance, if a consumer made a purchase to impress others or to fit in with a particular group, they may experience feelings of regret or embarrassment if they later realize that the purchase was not worth it after having spent their hard-earned money on it. While this isn’t a reflection of the business itself, which may not lead to the customer having negative impressions of their purchase experience, it does play a part in them regretting their purchase, which is also a form of cognitive dissonance in post purchase behaviour. Availability of Alternative Options If a consumer becomes aware of other, more value-for-money or cost-effective options after making a purchase, they may experience post purchase dissonance. This can happen if the consumer discovers a product or service that would have been a better fit for their needs or if they find out that they could have gotten a better deal elsewhere if they waited a little longer or did some more research. 7 Ways to Reduce Post-Purchase Dissonance in 2023 Have a Flexible Returns Policy Source The last thing a consumer wants to do after making a purchase with which they are not satisfied is to put undue amounts of additional effort into learning about your return policy. Returns are undoubtedly inevitable so secretly keeping your policy in small print simply breeds mistrust and creates more dissonance. Note that difficulty in viewing your return policy is the first step in an unsatisfactory returns experience that causes more than 80% of customers to abandon a store. So consider improving the accessibility and transparency of your return policy if you want to lessen post purchase dissonance. Links to your policy can be made available across your website, like the homepage, listing pages, automated chat and FAQ pages, and you can also include a summary of it in the email that customers receive upon placing an order. Give Customers the Ability to Track Their Orders Source Being able to track their packages is viewed by most customers as a right, not a privilege. Many a time, instead of looking forward with anticipation at the arrival of their package, customers experience feelings of regret because the order didn’t arrive at the expected date and time and they didn’t have the information they needed to keep them informed about it. When something similar to this occurs, your company would take all the blame for the results and the impending hard-pressed feelings that come with it. After one late delivery, 17% of customers will cease making purchases from an eCommerce company. If their product isn't delivered within 2 days of the scheduled delivery date, 69% of customers are less inclined to make another purchase from the store. Therefore, make it a point to provide order tracking details along with every purchase. Ensure That Every Detail is Provided to the Customer Source Customers of eCommerce firms generally fall into 2 main categories - those who make impulsive purchases and those who conduct extensive studies on the items they're interested in purchasing. Even though it is challenging to lessen post purchase dissonance for customers that make spur-of-the-moment purchases, the propensity of the latter set of clients to experience it can be reduced by providing the necessary information. Try leveraging content such as product guides and instructional films to provide comprehensive information about your items. You can get ideas by visiting some well-known establishments and seeing what kind of information they are providing. To acquire inspiration for the content and its presentation, look at their listing pages, social media profiles, blogs, and other digital domains. Identify the Root Cause of Their Regret Source Post purchase dissonance frequently results from issues that need to be fixed that afflict many people. Knowing this information will be beneficial for your eCommerce firm since it will help you develop client loyalty by identifying and resolving the sources of customers’ woes. Identifying the root causes that generated the dissonance is more simple than you would assume. To find out more about your consumers' expectations, employ feedback methods like customer surveys, go through existing customer reviews and actively encourage customers to lay out their grievances. Statistics about product returns might also paint a reliable picture. You can use this data to implement practical strategies for lowering post purchase dissonance and improving customer service. Provide Customers With a Noteworthy Unpackaging Experience Source Consumers constantly anticipate the delivery of their online orders and if you don't take advantage of meeting their expectations when it finally arrives, their excitement could rapidly turn to regret. Coupled with lightning-fast delivery, a fantastic unboxing experience can win over your customers and make sure they don’t experience post purchase dissonance. Providing customers with what they need is just one aspect of the unboxing process that can also help to avoid confusion. Custom packaging can be used to offer a memorable unboxing experience as opposed to using a standard brown box. You can also use tactics such as environmentally friendly shipping, packing, adding personalized touches such as a handwritten letter, a thank you note or a unique message and providing samples of other products or promotional coupons within the box.  Provide an Easy Way to Offer Product Replacements Source You can place an emphasis on retaining your consumers even if they are experiencing post purchase dissonance. You simply need to give them the impression that if they are dissatisfied with one item, you can provide them with other options in your eCommerce catalogue that they might find appealing. By suggesting this, you can demonstrate you have the desire to work with clients to locate products that meet their demands and that it is a partnership worth preserving. You can convert returns into exchanges by offering tailored suggestions. In order to encourage repeat purchases, you can also offer them the option of receiving their refund within the company’s wallet. Implement Post-Sale Communication With Customers Source Engaging with customers even after they have purchased an item shows them that you value them more than just their money. By doing this, it is pretty simple to decrease post purchase dissonance. To reassure your consumers that you genuinely value their patronage, you can communicate with them on a personal level, such as sending them messages on WhatsApp, highlighting upcoming sales, promoting new products and more. You can also inform them of the information they can expect along with their order, including the order's receipt, shipping status and arrival date.  Conclusion: Eliminate Post Purchase Dissonance With WareIQ’s Enticing Services Repeat customers are an essential component of the success of many businesses. Importance should be placed on ensuring they have a positive experience, whether purchasing goods or returning them. Companies should take care to address customer complaints as soon as they crop up and have flexible return or replacement policies in the event that something goes wrong with a product or its delivery. Post purchase dissonance, if not handled with care, can be detrimental to a company’s reputation among existing and prospective customers. With just a little bit of effort and common sense, you can reduce the impacts of post purchase dissonance and even get rid of it almost entirely. Partnering with a 3PL company that offers customer-focused services will ensure that they take your brand seriously, limiting the effects of cognitive dissonance in post purchase behaviour. One such company is WareIQ. WareIQ is one of India’s leading eCommerce fulfillment companies. From order to fulfillment and inventory storage to last-mile delivery and enabling customer feedback, we provide your business with all the tools to ensure your customers have a seamless and positive experience with your brand. Some of the ways we can discourage post purchase dissonance are listed below: Branded Order Tracking We provide customizable eCommerce order tracking pages that can be designed according to your preferences and will help your customers gain real-time insights about their orders in style. Customizable Packaging We provide personalizable packaging where every element can be customized so that you can ensure your customers have a worthy unboxing experience, lowering their chances of feeling regret. Online App Store We have an app store with multiple downloadable apps that include functionality such as being able to provide shipping badges on your product listings to increase trust and being able to easily generate customer reviews so any complaints or feedback can be taken into consideration. Ultra-Fast Delivery We provide same-day and next-day delivery to ensure that packages reach their destinations intact and on time. Returns Management We are a reverse logistics company that completely handles your entire process so that your customers can return items seamlessly and hassle-free.  Post Purchase Dissonance: FAQs How common is post purchase dissonance?Post purchase dissonance is a common phenomenon that affects many people, especially in situations where the purchase involves a significant amount of money or emotional investment. What are the symptoms of post purchase dissonance?The symptoms of post purchase dissonance can include:- Feelings of regret or remorse- Anxiety or unease about the purchase- A sense of disappointment or frustration- Physical symptoms such as headaches or stomach aches- Psychological feelings such as anger and disappointment Does post purchase dissonance affect all types of purchases?Post purchase dissonance can affect any type of purchase but there is a greater likelihood that it will occur in situations where the purchase involves a significant amount of money or emotional investment. Can post purchase dissonance lead to returns or refunds?Post purchase dissonance can sometimes lead to returns or refunds if the buyer feels that the product did not meet their expectations or if they regret their purchase. Can post purchase dissonance have long-term effects?Post purchase dissonance is usually a temporary experience but it can have long-term effects on the buyer's perception of the product, brand or seller, which can impact future purchasing decisions.

February 25, 2023
Minimum Order Quantity Explained: Formula to Calculate MOQ & 10 Benefits of MOQ for eCommerce Business in 2024

Minimum Order Quantity Explained: Formula to Calculate MOQ & 10 Benefits of MOQ for eCommerce Business in 2024

These days, starting a business is not a big deal, especially in the eCommerce space. People have enough money through their own resources or through investors but what they lack are knowledge and free time. They may know about the basics of demand and supply but don’t know how the nuances of running an eCommerce business or various factors that affect online business growth in multiple ways. Those factors can be efficient inventory management, warehouse management, streamlined last-mile deliveries, payment collections, etc. In eCommerce, inventory plays a crucial role. It is the biggest asset of a business among all its resources. Buying goods or raw materials isn't always easy for a seller. You need to find a trustworthy company that not only sells the necessary supplies at the right price but also allows you to order the most suitable amount possible and preferably, does not impose a minimum order quantity (MOQ). It is critical to understand how minimum order quantity works and why some suppliers may employ it. If appropriately controlled, it can help you boost your profits with increasing cash flow. MOQ can impact several aspects of an eCommerce business, including inventory management, pricing strategy, and customer experience. In this blog, we'll dive into the importance of MOQ and provide tips calculating MOQ and for finding the right balance between maximizing sales and minimizing costs. What is Minimum Order Quantity (Meaning of MOQ)? Minimum order quantity is the least number of units of a product that a  retailer offers to sell to their customers at a particular time. In the eCommerce industry, it is mostly offered by a manufacturer or supplier in the context of production activity. A merchant can ask you to order an MOQ for a certain amount of money. MOQs are a reflection of the financial limits faced by suppliers while fulfilling an order. These can include expenditures associated with material, machinery, and completion of that order, such as shipping costs. It is maintained by suppliers to maintain sales margins and lower the operational and logistical costs of the business. What are the Different Types of Minimum Order Quantity (MOQ)? Simple Minimum Order Quantity Many businesses are not retailers although they have to fulfill a single order. The lowest limit could be the minimum order quantity or the least amount spent on the purchase. For example, a bike dealer directly buys bikes from the manufacturer but sells them in individual units. They maintain MOQ with a limited amount of stock with keeping in mind the constraints of economic factors by their target buyers. Complex Minimum Order Quantity Here, a retailer deals with many constraints at one time by taking care of various metrics such as price charts, quantity, quality, etc. A good example of this is orders placed by a grocery store owner or a chemist. A chemist has to fulfill orders for several medicines at a time for which they have to store different types of medicines in varying quantities.  How does Minimum Order Quantity Affect Inventory? For both the supplier and the buyer, the minimum order quantity has a significant impact on inventory. Sellers who pick a high minimum quantity must produce and store large amounts and thus, their inventory management is affected by the MOQ. Buyers, on the other hand, must determine whether they require their product's MOQ, or else find another supplier with a lower minimum order quantity or explore various other inventory storage solutions. Buyers must think about things like storage capacity and the potential savings from acquiring products in bulk. Main Point of Difference Between Low MOQ and High MOQ High Minimum Order Quantity (MOQ) Suppliers with a high minimum order may need to keep a large amount of inventory with them to fulfill orders. Suppliers may need more time to fulfill orders if they want to keep inventory levels low and adopt just-in-time inventory management. Inventory requirements that are larger involve a lot of working capital and take up a lot of warehouse space. However, they save administrative expenses since products or raw materials can be ordered less frequently, resulting in savings further down the supply chain. While stockouts are less likely, there is a higher chance of products becoming obsolete with a high minimum value, particularly in the case of electronics. Low Minimum Order Quantity (MOQ) Suppliers don't require as much inventory on hand for orders with a low minimum order quantity because the typical order size is likely to be smaller. This could result in lower inventory levels and higher inventory turnover. A low minimum value might put a strain on your sales team, forcing them to manage more customers and work more to generate leads. Because orders are placed more frequently, administrative costs are higher. While low MOQ suppliers suffer the danger of running out of stock, they also run the risk of obsolescence. How to Calculate Minimum Order Quantity? There is no particular formula to calculate MOQ. It depends on various factors of a business like its size, location, operational sector, etc. It is built up to accommodate each supplier's unique problems and business needs. Businesses must select whether they want a lower minimum order quantity with a higher price when purchasing from their suppliers or vice versa. The more you buy from suppliers, the easier it is for them to cut costs per unit, which is why this system exists. Even though there is no set quantity for MOQ, there are a few things to consider when determining the optimum MOQ. Estimating Demand Demand forecasting considers product type, competition, seasonality, and other factors when calculating how many units you will sell as a merchant while ordering inventory. This information can assist you in making your next purchase decision. Inventory and demand forecasting go hand in hand in this equation. You might find that the manufacturer's minimum order quantity isn't far off from what you'd be able to sell. You'll also want to factor in your overall timeline for preparing the inventory to be shipped, which should include lead times, freight transit times, receipt of goods in the warehouse from your third-party logistics service provider (3PL), and any other potential delays, as you may find the need to order inventory sooner than expected. Knowing Your Break-Even Point If you want to set your minimum order quantity, you'll need to know what your break-even point is. When you recover the customer acquisition cost and your customer returns through email marketing efforts, you will get a better idea during the second transaction for DTC orders. Consider the lowest per-unit monetary amount you're willing to charge in exchange for a larger order value for wholesale agreements. It can't be so low that your profit margins suffer but if you're not merely paying for lesser amounts at a greater price, discounted prices are expected. Calculating Holding Capacity and Cost Some items are more costly to store than others (due to size, duration of storage, and special ecommerce warehousing requirements). It's more cost-effective to keep such items out of your inventory for as long as possible. The true cost of storing all of your products will reflect in your inventory holding cost, which you must consider before spending extensively on inventory. Framing Your MOQ Strategy Let's assume that you have high demand at all times. Suppose on average, your partners order 200 units per order, and you need to sell at least 150 units per order to break even. If your partners or clients have previously agreed to buy 200-unit orders, you might need to set your minimum order quantity to 200 units, or even lower to 150. Benefits of Minimum Order Quantity for Multichannel eCommerce Sellers and Buyers in 2023 A seller who sells their products on multiple channels including their websites through means such as dropshipping and 3rd party fulfillment has to strongly take care of the minimum order quantity. These days, retailers taking advantage of multi-location warehousing rely on order management software to manage all their orders and inventory. It helps them to cut costs on individual products which are transferred to buyers. Benefits for Sellers Better Cash Flow A seller should stock the right volume of inventory so that is not too high that they have to hold it for long periods of time where their money remains withheld and not too low where they cannot fulfill all their orders. Proper maintenance of minimum order quantity helps them to save more efficiently and have a better cash flow. Low Inventory Costs Storing a high volume of inventory is expensive. You not only need to pay to rent storage but also on tracking and maintaining inventory levels and keeping it safe. You will have to spend a lot of money to buy a high volume of inventory which is stuck for a long time. Assurance of Profit If an MOQ is set, orders are at the lowest amount after calculating the profit and it will not affect the inventory and transportation cost. This gives the business a guaranteed profit margin. Benefits for Buyers Increase in Savings When a seller saves money while selling a product, the effects trickle down to the buyers as well. This makes the end customer receive discounted prices from a seller who effectively manages inventory levels using minimum order quantity. Fresher Inventory  A buyer buying products from a seller who follows MOQ will get fresh items because the seller stores the least amount of inventory that is needed. Steps to Implement Minimum Order Quantity (MOQ) Every idea, if tried and tested, can yield promising results compared to carrying out ideas that have not been researched. So for MOQ, these are the steps to achieve a  better output. Calculate the Target MOQImplement the MOQ Calculate the Target Minimum Order Quantity This is the most essential thing to do while implementing minimum order quantity. You cannot purchase a lot of items and keep your inventory stocked with just those products. If these items are not going to get sold shortly then: There will be less space in your inventory to store other items.Your money will be stuck until the products are sold.The products could get expiredThe value of the products gets loweredThey start to need more maintenanceCosts will accumulate with time So for an easy check on this, you can take the following precautions: Figuring Out Demand Forecast the demand that you will need to fulfill in the future. Adjust your minimum order quantity per seasonal demands, the nature of the products, etc. Calculate the Break-Even Point Know the break-even point of a single product before you place an order in bulk.  Consider All Possible Costs You must calculate all the costs associated with different minimum order quantity levels such as holding and transportation costs. Some products are expensive to store depending on their size, duration of storage, and special storage conditions. (e.g., fruits, vegetables) Implement the Minimum Order Quantity After all the trouble to calculate the right minimum order quantity, implementing MOQ is also a major task for the buyer. While implementing the MOQ, you may need to rent a warehouse, secure it, connect it to logistics partners, keep track of it, keep updating it, and add services like branded shipping, dropshipping fulfillment, etc. to it. You can also partner with a third-party fulfillment provider who will take care of all these things and give you extra benefits like multi-warehousing with MOQ, access to high-tech inventory management software, connections to more courier aggregators, RTO indicators, etc. Conclusion: Successfully implementing Minimum Order Quantity with WareIQ in 2023 As you we have discovered, MOQ is important for eCommerce players who are maintaining multiple shops at a time on multiple selling platforms. They have a lot of things to focus on. Instead of micromanaging things that will consume all of their time, they should focus on other important aspects and manage the business. WareIQ can be a solution for this. It provides you with the facility of multiple warehousing or fulfillment centers in different locations.You get an actual count of your inventory before initiating MOQs.You will have to spend less on warehouse (inventory) management after MOQ.It sends you a reminder for low inventory.It eases your holding capacity for a long time.It lowers your freight rate by placing your inventory near areas of high demand.It helps you to find the best logistic partner to make your fulfillment hassle-free.It enables you to promise your customers same-day and next-day delivery.It has features such as RTO Shield to prevent high costs associated with product returns. WareIQ offers sellers a full-stack platform. They also offer fulfillment centers near the recipient, which is something that not every eCommerce company can do. To save time, you can obtain all of your logistical needs in one place: inventory management, shipping orders, customer delivery concerns, and performance analysis. To enable firms to offer two-day deliveries, WareIQ maintains a network of fulfillment centers across India. They also collaborate with third-party companies to assist in the operations of their services, such as last-mile delivery. WareIQ handles issues that arise during order fulfillment, such as damaged or lost inventory, and responds immediately to provide a positive customer experience. To keep your cash flowing, they offer COD remittance twice weekly. Finding the most efficient and dependable choice for your delivery, as well as managing returns, are all taken care of. Minimum Order Quantity (MOQ): FAQs (Frequently Asked Questions) What does a minimum order mean?The smallest amount of a product that can be ordered in one delivery, usually to spread shipping expenses across a reasonable number of units, is known as the minimum order. We do not have an MOQ, and all of our wholesale products are sold in modest pack sizes through advanced shipping services. How do you find the minimum order quantity?There is no such formula for calculating it. MOQ depends on various factors like the size of the business, type of business, nature of the product, season for sale, and much more. What is MOQ in Supply Chain?The minimum order quantity, or MOQ, is the smallest order size that a supplier will accept. The smallest number of units is frequently used. Suppliers can, however, specify the minimum order quantity based on the order value. What is the purpose of MOQ?The goal of minimum order quantity is for suppliers to maximize their earnings while simultaneously getting rid of more inventory and weeding out "discount shoppers." What is EOQ & MOQ?Economic Order Quantity (EOQ) is a formula used in inventory management to calculate the optimal order quantity for a particular product. It takes into account the cost of ordering, the cost of holding inventory, and the demand for the product. The goal of using EOQ is to minimize the total inventory costs, which includes both the cost of ordering and the cost of holding inventory.Minimum Order Quantity (MOQ) is the minimum quantity of a product that a supplier is willing to sell to a customer. MOQs are often set to ensure that the supplier can produce or procure the product at a cost-effective price point. For example, a supplier may have a higher production cost for smaller quantities, and so may set an MOQ to ensure that they can cover their costs and make a profit. MOQs can vary depending on the product, supplier, and market conditions. How do you fix the minimum order quantity?If you are a buyer there is typically nothing that can fix the minimum order quantity (MOQ) set by a supplier. However, there are a few strategies you can use to try to negotiate a lower MOQ or find ways to work around it:1. Negotiate with the supplier: If you are a valuable customer or can demonstrate that you have a significant demand for the product, you may be able to negotiate a lower MOQ with the supplier.2. Look for alternative suppliers: If the MOQ set by your current supplier is too high for your needs, you can research other suppliers who may offer a lower MOQ.3. Group orders: Consider combining orders with other buyers to reach the supplier's MOQ. This strategy can help you save on shipping costs and reduce the overall cost per unit.4. Adjust your purchasing strategy: You can adjust your ordering frequency or the quantity you order each time to work within the supplier's MOQ. This strategy may require some planning and forecasting, but it can help you avoid overstocking or tying up too much capital in inventory.

February 25, 2023
3 Easy & Practical Steps to Sell on Meesho and Open a Meesho Seller Account in 2024

3 Easy & Practical Steps to Sell on Meesho and Open a Meesho Seller Account in 2024

Meesho was founded in 2015 as an eCommerce selling platform and is currently headquartered in Bangalore. With a user base of over 2.6 million sellers across India, it is quickly emerging as one of the top online marketplaces in the country, taking on the likes of eBay and Snapdeal. The company’s focus is to provide an affordable alternative to some of the bigger names in the industry and offers a vast variety of categories and pricing options to consumers, as reflected by the more than 50 lakh product options on tap. In addition, Meesho also offers a relatively simple setup and vetting process compared to competitors, which makes it easier for small and medium-sized businesses to get onboarded and start selling their products to a large audience. In this blog, we take a deep dive into why you should sell on Meesho, how you can set up a Meesho seller account, the challenges faced by becoming a Meesho seller, and how WareIQ can assist with fulfilling Meesho orders. Why Should You Sell on Meesho? Least Commission Rates in the Industry While most large online marketplaces charge a commission rate of anywhere between 5% to 20%, Meesho uniquely charges much lower rates. While the company labels it as 0% commission, it is closer to a spectrum of 1.1% to 1.4% depending on the commodity type and category. However, this is still extremely low compared to industry standards and thus, enables retailers to achieve higher profit margins by pricing their goods accordingly. High commission fees can often detract from a retailer’s ability to be profitable so the low rates offered by Meesho can be a game-changer, especially for smaller businesses that run on much tighter margins to stay afloat. And, this is the main reason people prefer to sell on meesho. Lack of Collection Fees In a similar stance to the collection of a commission on every product sold, most eCommerce selling platforms also impose a collection fee and a set of fixed fees on every product that is sold. By the time all these fees are deducted, sellers are barely left with anything other than the scraps, after doing the hard work of researching and developing a product that ultimately generates the sale. Fortunately for retailers who sell on Meesho, there are no chargeable fixed or collection fees, which assists in them getting more money in their own pockets. 24/7 Operation Retailers who sell on Meesho can take advantage of the fact that it does not have to abide by the same restrictions and timings that a brick-and-mortar store does. This means that the window to generate interest amongst potential customers and ultimately make a sale, increases exponentially. No longer do sellers have to open their shops and patiently wait for customers to arrive. Rather, they can be doing something productive in terms of the business or even in their personal lives, knowing full well that orders can be generated, regardless of whether they are physically present at the office or not. eCommerce retail waits for no one as all the infrastructure that is needed to fulfill an order is already in place. Penalty-Free Returns One of the biggest eCommerce pain points for retailers who sell online is getting return-to-origin (RTO) requests from customers. Most other online marketplaces penalise sellers in some way or another, regardless of the reason for the return. Returns can often be initiated due to the fault of the retailer, such as when the wrong item is packed or the product is damaged in transit. However, the majority of returns happen from the customer’s end, such as them finding a better deal elsewhere, having buyer’s remorse or the product not meeting their expectations, so it is generally unfair for the buyer to incur the expenses in these circumstances. Retailers who sell on Meesho can breathe a sigh of relief as they are not penalised for returns, regardless of the reason and all the forward and reverse logistics are handled by Meesho itself. No Hidden Shipping Fees Unexpected shipping fees are one of the biggest contributing factors to customers abandoning their carts. Retailers often have to implement various strategies to combat the impact of shipping charges in order to maintain their profit margins. However, Meesho sellers can be reassured that they do not have to pay a single dime in shipping expenses while selling on the platform. Meesho uses the tactic of bundling the shipping cost into the price of the product. For example, if a seller prices a product at ₹300, Meesho will display the price on the listing page as ₹350, to account for delivery expenses. This means that retailers who sell on Meesho will never have to incur the price of shipping, which can alleviate a very big hurdle. [contactus_lilgoodness] 3 Easy Steps to Setup a Meesho Seller Account and Start Selling on Meesho in 2023 Set Up a Meesho Seller Account If you want to sell on Meesho, the initial step you need to take is to create a Meesho Seller Account. Go to Meesho.com and click on “Become a Supplier” on the upper right of the page. You will then be redirected to the registration page to fill out your mobile number. After you have done that, select “Start Selling”. You will then be taken to the Meesho Supplier Panel where you will have to type the OTP that was sent to your phone. You can then enter your preferred email and create a password. You can opt to receive notifications on Whatsapp if you need to. After that, click “Create Account”. The only things you need to sell on Meesho are: Active bank accountGSTIN (only if your sales exceed 40 lakhs)PAN card Begin Listing Your Products The next step to sell on meesho is to list the products you want to sell, go to the Meesho Seller Panel and click on “Catalogs Upload”. There are 2 methods to upload products listings on Meesho so you can choose the one that suits your requirements: Bulk Upload Listings Learn to Upload Bulk Catalogs and Become a Meesho Seller Select the “Add New Catalog in Bulk” option, mention your product category and choose the appropriate one from the list. After doing that, you will get an option to download a template or create your own. If you do not have your own, click “Download Template”. Once it is downloaded, you will get access to an excel-like spreadsheet. Enter the details in the form, using the instructions mentioned on the first sheet and enter the product descriptions on the second sheet. Once you have filled out all the information, go back to the previous page and select “Upload File”. Add Single Listings Select the “Add Single Catalog” option and repeat the same process of selecting your product category. After that, upload the relevant pictures to the website. Then, enter the product details and if there are multiple variations, click the “Copy Input Details to All Products” box and edit them individually from there. Finish providing the remaining details and click on “Submit Catalog”. Suggested Read: eCommerce Catalog Management Learn to upload a single catalog and sell it on Meesho Receive Orders and Deliver Them Once you have finished setting up your account and listing your products, you will start to receive orders from interested customers. You will get order notifications through your Meesho Supplier Panel and by email, whenever you get a new order. You can then choose to accept or reject it. The order can either be fulfilled by Meesho themselves or through your chosen 3PL fulfillment provider. You have now become a successful Meesho seller. Suggested Read: How to sell on Snapdeal? Challenges Faced by Retailers Who Sell on Meesho Enormous Delivery Expenses Because Meesho incurs all the burdens and costs associated with shipping and distribution themselves, it results in much higher delivery expenses than other platforms. Sellers are often good at finding ways to evade extensive shipping charges but implementing various strategies in terms of their pricing. However, Meesho doesn’t have this luxury and just has a standard practice of increasing the listing price by a percentage of what they would pay for the shipping charges. While sellers don’t directly face any of the heat that stems from rising shipping prices, they could be in for a rude awakening if Meesho decides that this policy isn’t feasible and starts to charge sellers for delivery. Varying Degrees of Quality Control Meesho doesn’t have very strict quality-checking procedures so oftentimes, customers will order a product, only to find that is damaged or that the materials used are substandard. While this may not be the fault of sellers who take it upon themselves to perform rigid quality checks on their own products, it does damage the reputation of the platform as a whole, including all the retailers that sell on, due to the fact that customers might associate the entire platform as not being reliable. This can result in lower sales and trust in companies that sell on Meesho. Slow Delivery and Inconsistent Customer Support Many customers often complain about Meesho products not being delivered on time. This reflects badly on sellers, many of whom rely on Meesho’s delivery service. Customers often associate a bad experience, not just with the selling platform but with the brand itself. If any issue does arise in the delivery process, customers are often greeted by lackluster customer service that doesn’t answer their queries or solve their issues. This can have severe consequences for brands that are trying to attain repeat customers. Suggested Read: You can also read how to sell on Etsy. Conclusion: Is it a Good Option to Sell on Meesho in 2023? Meesho is one of the few eCommerce marketplaces that prioritise the well-being of their sellers, over themselves and at times, even over their own customers. While this may seem like a decision that may not require much thought, retailers who sell on Meesho are also faced with their own unique challenges, just like any other selling platform, while also offering a variety of benefits such as being able to achieve the highest profit margins in the industry. Ultimately, the decision should come down to the short-term and long-term goals of the company, the nature of its products, the business strategy, and the type of audience they want to target. Retailers would be best suited to sell on Meesho while also selling on other marketplaces, in order to achieve the highest level of visibility and market share. If you are an aspiring eCommerce retailer or you already have an eCommerce business and are looking to expand, you can opt to partner with WareIQ. WareIQ is one of India’s fastest-growing eCommerce fulfillment providers that uses the most advanced technology in the industry to leverage the performance of our users and help them excel. We help users conveniently sell and manage their orders and inventory across more than 20 of the biggest eCommerce marketplaces, through our custom WMS. Users can track their inventory across multiple fulfillment centers and get real-time updates as and when any changes occur, manage all their past and present order data across every platform they sell on, forecast demand using historical data to determine the appropriate amount of inventory to store, make use of intelligent inventory placement solutions that are closest to their customers and much more. We also offer services that encompass the entire suite of fulfillment operations to achieve faster delivery speeds at more cost-effective pricing. Sell on Meesho: FAQs (Frequently Asked Questions) Can retailers sell on Meesho without GST?Retailers who do not exceed an annual sales revenue of 40 lakhs can sell without needing to pay GST. However, for most retailers, their sales volumes will exceed this amount and will have to pay GST. How does Meesho work for resellers?Resellers can share listings on Meesho with the people in their circle or on social media, which can earn them a profit per sale that they make. The products are supplied by the retailers who have opted in for this scheme. How much does Meesho charge?The commission rates on Meesho are as low as 0%. What products can I sell on Meesho?1. Women (Western and Ethnic Wear)2. Clothing for Men3. Clothing for Kidswear4. Makeup products5. Skincare products6. Jewellery7. Home Decor Products8. Kitchen Appliances9. Electronics Applicances. Does Meesho refund money if a product is returned?If a product is returned, Meesho offers a full refund to the seller that will be credited to their source account, in case it is an online transfer and credited to their registered bank account, in case it is a COD order. Is product selling on Meesho profitable?Meesho does not require suppliers to pay a commission; as a result, you can sell your goods on Meesho and make money without doing so. Does Meesho have its own warehouses?No, Meesho leases warehouses and logistics operations from other companies and consolidates it in a user-friendly manner for sellers. What services does WareIQ offer to Meesho sellers?WareIQ offers services such as a WMS that can integrate with multiple selling platforms, including Meesho and can synchronise inventory monitoring and provide real-time updates across all of them. We also provide order fulfillment for Meesho sellers that includes delivery to the end customer at the fastest and cheapest rates. 

February 25, 2023
How to Become a Top Meesho Seller in 2024? Follow 8 Effective Strategies to Be a Top Seller on Meesho

How to Become a Top Meesho Seller in 2024? Follow 8 Effective Strategies to Be a Top Seller on Meesho

The Indian eCommerce market is rapidly expanding and opportunistic sellers are taking advantage of listing their products on the various eCommerce selling platforms that are available. Based on the type of products they offer, the pricing bracket they fall in and the objectives of the business, retailers can choose to sell on the channels that fit their criteria, in order to be competitive, compared to their rivals. Sellers need to utilize various strategies to come out on top, tailored according to the type of market that they are operating in. They need to put in the effort to understand the nuances of their audience in order to provide the best possible experience to them. Meesho is an up-and-coming eCommerce platform that has gained attention from sellers for its unique advantages. We will take a deeper delve into the company, strategies to become a top Meesho seller, and the benefits and drawbacks of selling on Meesho. Read along. About Meesho Founded in 2015 and currently headquartered in Bangalore, Meesho is one of India’s leading online marketplaces that primarily caters to being a cost-effective substitute for some of the larger, more expensive eCommerce selling platforms such as Amazon and Flipkart. With more than 50 lakh products on offer being sold by upwards of 2.6 million users, spanning across the country, Meesho has found its own successful niche in the vast ocean which is eCommerce retail. What is meesho famous for? The company has garnered attention and popularity among sellers for its unique advantages that help provide a competitive edge such as a lack of shipping fees, extremely low commission rates, penalty-free returns and much more. Additionally, Meesho has a comparatively easy setup and verification process, which makes it a good option for people who are not well-versed with technology. With Meesho trying to cement itself as the go-to option for an affordable online shopping experience, retailers who sell on Meesho are bound to benefit from this increased growth and success, especially as more people discover the joys and simplicity of eCommerce retail. This raises an important question. How is selling on meesho profitable to the retailers? Register as a Meesho seller at zero cost and start selling StepDescription1Apply for a GSTIN and a bank account for registering as a supplier on Meesho.2Create a catalog of your products and upload it on the app/website.3Once the catalog is uploaded, you will start receiving orders via different social networking platforms.4Meesho delivers your products at zero extra cost to your customers.5Meesho receives the payment 15 days after the successful delivery of your product. [contactus_lilgoodness] 8 Proven Strategies to Become a Top Seller in Meesho in 2024 Have a Large Variety of Product Listings Meesho product listings Listing a wide variety of products is a good way of becoming a top seller for retailers who sell on Meesho. This must include the most selling products on Meesho, to meet the demand. Retailers being aware of the top selling products on Meesho may have an extra edge for 2024. Customers who shop online generally find appeal in scrolling through multiple listings to arrive at the product they finally want to purchase. Giving them the opportunity to do just that will get them to spend more time scrolling through a retailer’s listings, as opposed to viewing a single product and moving to a competitor’s page. This is a good way of increasing conversion rates and overall sales volumes. Price Your Products Competitively Since one of the main unique selling points of Meesho is its affordability, retailers should oblige by pricing their products on par or lower than their competitors. Making customers feel like they are getting a better deal will help retailers who sell on Meesho undercut the competition and attract more customers with their competitive pricing. This also opens the door to positive feedback and word-of-mouth marketing from customers who want to publicize goods deals to others. Upload Multiple High-Quality Images Pictures on a retailer’s product listing page are the first impression a customer will have of their product so it is in their best interest to use the most complimentary images of the product as possible. It also helps to provide multiple images to showcase the product from different angles and use cases, in the interest of not leaving customers feeling like they need more information to make up their minds. In addition, having high-resolution images removes doubts about the credibility of the product and the brand. With most phones in the current age having multiple cameras, taking good pictures isn’t a struggle and they can be edited on the go. Pay Attention to the Packaging Experience A good unboxing experience can make the product and brand stand out from the rest, in the eyes of consumers. While many companies opt to save money and package their products in drab, boring and plain packages, retailers who wish to become a top seller in their category can focus on providing a unique and high-quality packaging experience to their customers, which will also increase their chances of attaining repeat purchases. Simple things like having the brand logo on the box with a label about the product can go a long way. Use Social Media to Promote Your Brand These days, with most consumers having an active presence on social media platforms such as Instagram, Facebook and LinkedIn, among others, it would be advisable to use the power of these channels to communicate your brand image and product offerings effectively to potential customers. A Meesho seller that pays attention to their social media page is bound to have to hype around their products than one who doesn’t. Another benefit is that posting on these apps is free so Meesho sellers can try experimenting to check what works and what doesn’t. Run Ad Campaigns on Meesho Advertise Products on Meesho One of the ways you can retailers can establish themselves as top seller on Meesho is by making use of the native ad campaign feature that highlights their products and increases visibility compared to their competitors. This is an undisputed way of increasing revenue as more visibility will ultimately lead to more sales. Meesho ads also allow users to track various performance metrics to identify whether the campaign was successful or not. Opt for Meesho’s Next-Day Dispatch Service Register for Meesho next day dispatch service Although many platforms and fulfillment companies offer same-day and next-day delivery, retailers who sell on Meesho and opt to fulfill their products directly through the company to take advantage of the negligible shipping fees can opt for the Next Day Dispatch (NDD) service, which is Meesho’s fastest delivery option. Benefits include shipping badges that display that the product will be dispatched the next day after ordering, faster delivery to customers than the conventional service and placing those product listings at the top of the pile. Keep Track of Analytics on the Meesho Seller Panel Statistics that keep track of a business’s performance can be a very important asset for eCommerce sellers to consistently monitor and compare their success with that of their competitors and their own estimations. The Meesho seller panel enables users to have access to a variety of different metrics such as sales volumes, trends and best-selling products, which can help businesses ascertain which aspects of their business are successful and which need to be tweaked. Sell on Meesho: Benefits and Drawbacks Benefits for Retailers Who Sell on Meesho Meesho consists of the lowest commission rates in the eCommerce industry. Retailers still have to pay a fee of 1.1 to 1.4% on each sale, which is marginally higher than the company’s claimed 0% commission but is still much lower than other selling channels that charge anywhere from 5% to 10% per sale.Meesho does not impose fixed or collection fees on retailers who sell on the platform. This is unprecedented in the industry and allows sellers to have higher profit margins by keeping a higher percentage of revenue from every sale.Retailers who sell on Meesho can generate sales at any time during the day or night, given that the company operates round the clock. This increases the window for sellers to make sales as opposed to a physical store that has to fall in line with time restrictions.While most eCommerce marketplaces levy a fee or penalty if returns are initiated, regardless of the reason, retailers who sell on Meesho are in a unique position where they are not penalised if a return is requested by a customer.In keeping with the theme of Meesho sellers not being charged for conventional eCommerce deductibles, they are also not charged for shipping, if they choose to opt for Meesho’s first-party fulfillment plan. This enables them to charge higher prices and keep a higher ratio of the profit earned from every sale. Drawbacks for Retailers Who Sell on Meesho While Meesho sellers are not directly charged for shipping, delivery expenses have risen dramatically for the company and retailers are at risk of feeling the heat in other ways and may eventually be in a disadvantaged position if the company suddenly changes its policy.A common complaint from Meesho customers is that there are varying degrees of quality, with many products being poorly manufactured, discoloured and more. This may lead to customers associating substandard quality with the entire platform and retailers who sell on Meesho.Another disadvantage of using Meesho’s first-party fulfillment is that slow deliveries are commonplace. While it is free, customers end up paying for it through their time and patience, which can increase their dissatisfaction and cause a negative outlook for your business and its products. You may also read: Sell on Instagram Conclusion If you sell on Meesho and want to become a top seller, it would pay dividends to employ the above strategies to enable you to get ahead of your competitors in the race to earn as many sales as possible. This would not only make your processes more efficient and cost-effective but would also provide your customers with the best possible experience which often translates into positive feedback and reviews which could, in turn, lead to even more customers giving your business a chance to see what the hype is all about. With a little bit of effort and research, you can top the rankings in your respective product category and reap the benefits by generating more sales and increasing your profit margins. If you require assistance with fulfilling orders on Meesho or any other eCommerce service, you can opt to try out WareIQ. WareIQ is a swiftly-expanding eCommerce fulfillment company that offers a host of eCommerce-related services, ranging from storing products in our country-wide network of fulfillment centers to ensuring customers receive their deliveries on time and everything in between. We give users access to the use of advanced technology such as a custom WMS, which helps to automate various aspects of inventory management and can integrate with most major eCommerce marketplaces including Meesho, a well-designed app store that enables users to download apps to enhance productivity through a simple interface and much more. Top Meesho Seller: FAQs Does Meesho impose a minimum order quantity in 2024?No, Meesho does not have any minimum order requirements while buying or selling on its platform. Does Meesho offer any benefits for being a top seller?Meesho does not offer any tangible benefits for being a top-rated seller. However, it is in every company’s best interest to aspire to become one to increase their own profit margins. How do Meesho sellers get paid?Meesho sellers can receive the final payment amount directly from their customers, whether it is COD or online payments. Do you require GST to sell on Meesho?Retailers who have a sales valuation of less than ₹40 lakh per annum are not subject to entering GST details. If the value is above that then they do have to provide GST details. Can you fulfill Meesho orders with WareIQ?Yes, you can integrate Meesho and more than 20 other selling platforms with WareIQ’s WMS to track orders, manage inventory and much more, in addition to fulfilling orders.

February 25, 2023
Warehouse Vs Fulfillment Center: 5 Key Differences to Help You Choose the Best Storage Solution For Your Business in 2024

Warehouse Vs Fulfillment Center: 5 Key Differences to Help You Choose the Best Storage Solution For Your Business in 2024

Companies that solely take care of a fulfillment warehouse, usually partner with businesses that work with non-commercial, or B2B orders that deal with large amounts of products. More substantial companies & retailers have their own warehouse and fulfillment center facilities, where they can store their redundant products, or rent storage to partake with other businesses. Generally, it's a cost-effective idea for small and medium-sized businesses to lease warehouse and fulfillment center space, depending on the terms of the contracts. Read along to know which storage infrastructure works best for your online business: Warehouse vs Fulfillment Center. In case you're looking to store your business’s inventory until they’re in demand, or small warehouse and fulfillment spaces aren't working out for you, a fulfillment warehouse distribution services is what your business requires. What are Warehouses and When are they Needed for your Business? It is common to compare a warehouse and fulfillment centers although they have significant differences. An eCommerce warehouse is a structure where goods and products are stored for a huge period of time. It is a facility designed to store the inventory of a business in large volumes until they are needed to fulfill an order. The warehouse layout is designed in a way to ensure efficient fulfillment of orders. A fulfillment warehouse is equipped with high shelves, piled with numerous goods, forklifts, and employees moving all around the structure. Operationally, what happens in a warehouse is a static job. Supply chain management includes warehouse management and fulfillment services. [contactus_lilgoodness] What are Fulfillment Centers & When are they Needed for your Business? In the product supply chain, warehouse and fulfillment centers are two distinct but equally significant components. A fulfillment center, like a warehouse, is a huge structure that houses a company's goods. It does, however, serve a variety of other uses. Unlike warehouses, where products are stored for longer durations, fulfillment centers, and micro fulfillment centers only hold items for brief lengths of time before shipping them out. These centers fulfill B2B and B2C orders for retailers, eCommerce companies, corporations, and other businesses. Fulfillment centers are responsible for the complete order fulfillment process in terms of operations. Order fulfillment is the process that begins with the sale of a product and ends with the customer's post-delivery experience. It includes all you need to know about receiving, processing, and delivering orders. After a customer purchases a product from an eCommerce site, inventory is selected, boxes are packed, and labels are applied before being dispatched to the customer's address. Fulfillment centers can handle both B2B and B2C orders, which either refer to large volumes of products sent to a big-box retailer or orders delivered directly to a customer's home. Outsourcing eCommerce fulfillment is a great option because it covers everything from inventory management to negotiating prices with carriers. Outsourcing order fulfillment to a third-party logistics provider can help sellers manage inventory, improve customer experience, and enables more time to be spent on the core activities of the business. The goal of eCommerce fulfillment services is to respond rapidly to incoming requests and deliver products efficiently. Unlike a warehouse, inventory in a fulfillment center does not sit around for long. While startups and small businesses may initially fulfill orders in-house, using a fulfillment warehouse is an important element of scaling up. These terms are sometimes used interchangeably, and warehouse and fulfillment services are frequently provided by the same organization. However, there are significant disparities between the two. Understanding the relationship between a warehouse and fulfillment center, as well as the necessity for both, can help order processing and inventory management greatly. Warehouse Vs Fulfillment Center: 5 Key Differences in 2024 Although the terms warehouse and fulfillment center are sometimes interchangeable, they have very different meanings. Both of these structures house inventory for firms that sell products online. Every fulfillment center is a warehouse, however, a warehouse and fulfillment center aren't always equal. Fulfillment and warehouse logistics are quite similar and can be easily mistaken. Consider geometry courses to help you remember the difference. A fulfillment center and a warehouse are like squares and rectangles when compared. Rectangles are squares, but squares are not rectangles. The main distinctions are the degree of tasks completed inside and the requirements of clients they are each expected to serve. There are many differences between warehouse and fulfillment center services, which are listed below. [table id=2 /] What are the Advantages and Disadvantages of a Warehouse? Advantages of a Warehouse Products are always available: The primary advantage of warehouses is that products are available at all times, so companies need not worry about running short of stock when a need arises. As a result, retailers can focus on other vital issues rather than worrying about product shortages. In other words, just as a salaried individual who saves money does not have to worry about liquidity during a contingency, corporations with warehouses do not have to worry about the supply of goods since they have enough stock to fulfill any increase in customer demand. Sales are never lost: If a company does not have a warehouse and receives a large order from a customer unexpectedly, it has no choice but to refuse the order because there is a limit beyond which it cannot produce goods unannounced, which will result in lost sales and customers gravitating to competitors, causing the company to lose market share. Wastage is reduced: Warehouses have all of the facilities needed to safely store perishable items for extended periods, resulting in less wastage. If commodities are not housed in a warehouse, the possibilities of them being damaged are higher. In other words, because of warehouses, a corporation does not have to worry about wastage if sales are lower than expected. Disadvantages of Warehouses High setup costs: The most significant disadvantage of having a warehouse is the high initial setup cost, which many small businesses cannot pay, forcing them to rely on public warehouses or rented warehouses to store their goods. Simply said, high setup expenses are one of the most significant barriers to a company establishing its own warehouse for storing its items. Additional administrative costs: Another disadvantage of warehouses is that, in addition to the initial setup costs, the company must also pay regular expenses such as warehouse employee salaries, electricity bills, and other administrative fees, all of which lower earnings. The benefits of having a warehouse must outweigh the ongoing administrative costs for the warehouse to be successful. Negligible increase in sales: Warehouses can only assist in keeping a steady supply of items to match consumer demand; however, if a firm believes that establishing warehouses will aid in raising sales, it is incorrect; When a company has a solid product and a good marketing strategy, there will be an automatic reflection in the sales volumes. In other words, warehouses can help ensure that a company's product never runs out, but if the company's product isn't good, owning a warehouse is pointless and wastes resources. As can be seen from the points above, owning a warehouse has both advantages and disadvantages, which is why a firm should weigh the key factors before deciding whether or not to either set up its own fulfillment warehouse or rent out a warehouse from a dedicated company. Suggested Read: Types of Warehouses in eCommerce What are the Advantages and Disadvantages of a Fulfillment Center? Advantages of a Fulfillment Center Enables the company to focus on core aspects of the business: Using a fulfillment center allows you to delegate the fulfillment process to a trusted partner, allowing you to concentrate on growing and promoting your business, increasing sales, and sourcing products.  You can enhance the growth of your business when your eCommerce warehouse and fulfillment services are streamlined. Reduction in payroll and benefits costs: Even if you have internal fulfillment personnel, as your business grows, more manpower will be required, which means increased payroll costs and benefit packages, which will eat into your profits. You may also have problems with employee turnover, which can be costly when you consider the time it takes to train personnel to do their roles properly. Minimizing overhead costs: There are numerous fees associated with managing your fulfillment requirements. Warehouse rental, additional employees & salary, equipment, utilities, and warehouse management software will all be expenses. You can forecast your budget and estimate earnings if you choose a warehouse and fulfillment company to manage these areas because you will know the ongoing costs associated with the collaboration. Enables huge shipping discounts: You will almost certainly incur more shipping charges as an individual business than if you partner with a fulfillment center. Because of the volume of goods they manage, fulfillment centers can negotiate lower shipping prices with numerous carriers. Furthermore, because of their proximity to your consumer and how carriers calculate shipping prices, shipping rates would be lower as a whole. Management of Inventory: Inventory management must be done correctly. Managing the inventory of your business can be time-consuming and expensive. Partnering with a fulfillment company relieves you of that load. To monitor and report inventory, the most advanced inventory management systems and software systems are utilized. You always have real-time access to information, so you know how much inventory you have and what you need to reorder. Disadvantages of a Fulfillment Center Although there are a few disadvantages to working with a fulfillment center, certain customers have unique reasons for keeping their fulfillment operations in-house. These are the most significant barriers that hinder business owners from working with a fulfillment center. Relinquishing control: Business owners prefer to have complete control over every element of their daily operations, including warehouse fulfillment services. If you collaborate with a top-rated fulfillment company, the shift will be seamless. All of the advantages will become apparent in a short period, and the ultimate results will speak for themselves.  Limitations on customization: When it comes to fulfilling orders, some businesses want to put their distinctive spin on things. The most prevalent areas of customization include handwritten or personalized notes, as well as brand-specific packing materials. It’s true that when you outsource to a fulfillment center, some of these nuances may have to be sacrificed but the lower prices which you can pass on to your clients, coupled with the extra time you can spend building your business, will make up for these tiny things. Possibility of increased costs: While most clients will save money by working with a fulfillment center, there are times when doing so may increase costs, even if shipping fees are saved. This is especially common among merchants who trade in modest amounts and volumes. In the end, these smaller customers may benefit from a fulfillment center collaboration since it allows them to focus on sales, marketing, and overall business growth. Mistakes made by vendors: When you outsource to a fulfillment center, you may not be aware of an issue right away, whether your vendor sends too little or too much product, the wrong product, or worse, damaged items. You may not even be aware of an issue until you receive complaints from a customer. Working with a fulfillment center will help you avoid these problems because we'll keep track of your warehouse and fulfillment process from start to finish. Customers should keep in mind, though, that these things do happen, and that they should be prepared when they do. Fulfillment Warehouse and Fulfillment Center: Which Storage Solution is Suitable for Your Business in 2024? Source Each warehouse and fulfillment service has a distinct purpose. Making the best decisions for your company is critical as a business owner. The capacity to reach a wider network with full operational integration to sustain customer satisfaction is the difference between a fulfillment warehouse and a regular warehouse. Unless the purpose is only to store products for a long period, a fulfillment center's consolidated services are more valuable. Companies who choose to run their fulfillment in-house, limit their options. They're trapped with a limited number of locations if they rely on only one or two warehouse and fulfillment centers, and they struggle to optimize for speedy shipping, which can impair the customer experience. The capacity to pivot fast and go where the people are has become increasingly vital to fulfilling the changing needs necessary for customer satisfaction today. Customers demand the convenience of quick shipping at no additional expense. A warehouse simply lacks the capabilities to provide speedy, flexible fulfillment in a long-term manner. If you want to take advantage of warehouse and fulfillment services, WareIQ can be of great help. WareIQ is one of India’s leading and fastest growing full-stack eCommerce fulfillment companies that offers a variety of services from same-day and next-day delivery, shipping badges and RTO Shield, to state-of-the-art technological solutions such as our custom WMS and our intuitive, well-designed app store. We can take care of your brand's entire fulfillment requirements and ensure that you and your customers get the best order fulfillment in the country with our pan India fulfillment network and have a hassle-free experience and raise satisfaction levels to new heights. [signup] Difference Between Warehouse and Fulfillment Center FAQs (Frequently Asked Questions) What is the relationship between Warehouse and Fulfillment center?A fulfillment center is a sizable structure that houses inventory for a company, much like a warehouse. However, it also has a number of other uses. In contrast to warehouses, where products are kept for longer periods of time, fulfillment centers keep items for only a brief time before shipping them out. What is fulfillment in a warehouse?Fulfillment in a warehouse refers to the process of receiving, processing, picking, packing, and shipping orders to customers. It involves managing inventory, organizing products, and coordinating the movement of goods within the warehouse to ensure that orders are processed accurately and efficiently. Does WareIQ have its own warehouse and fulfillment services?Yes, WareIQ has its large network of warehouse and fulfillment centers which helps to store inventory closer to your customers enabling same day or next day delivery services. What is the difference between warehouse, distribution center and fulfillment center?While the terms warehouse, distribution center, and fulfillment center are often used interchangeably, the key difference is;-The primary function of a warehouse is storage of inventory.-The primary function of the distribution center is to distribute products to their final destination.-The primary function of the fulfillment center is to fulfill customer orders. Do fulfillment centers manage inventory? Yes, fulfillment centers do take care of sorting inventory and keep track of inventory in the warehouse but their main goal is to efficiently ship the orders out to customers as soon as possible.  How many square feet are required for a fulfillment warehouse?It will depend upon your growth plan and business type because eventually you would not want to move into, or rent or lease a space that you will immediately outgrow. How are WareIQ’s fulfillment centers and warehouses? WareIQ  has an extensive and elastic network of fulfillment centers present across tier-1, tier-2 & tier-3 cities in all zones. Few of the features:• Rapid ramping up of fulfillment infrastructure as required (21 days to go live)• Warehouses of various sizes available - large-sized, medium-sized & small-sized• Highly capable warehouse operations team to enable custom kit creation when required• Temperature controlled fulfillment centers to reduce spoilage of temperature sensitive products• Dark Stores for inventory placement near demand centers, enabling faster delivery Is the Amazon warehouse and fulfillment center the same?Amazon warehouses are called fulfillment centers too because Amazon warehouses not only store products but also serve as distribution centers where associates pick, pack, and ship orders to the end customer.

February 25, 2023
What is Pick and Pack Fulfillment Service in eCommerce? A Detailed Guide on Warehouse Pick and Pack Processes in 2024

What is Pick and Pack Fulfillment Service in eCommerce? A Detailed Guide on Warehouse Pick and Pack Processes in 2024

It is a known fact that selling is not an easy task and when it comes to online selling, retailers need to make a lot of effort to sell a product. You could create a website or go on multiple channels, list products, take care of doorstep delivery, and a lot more. Among all the selling processes, order fulfillment is one of the most important tasks after a buyer places an order.  Receiving and sending orders entails a complicated set of interconnected procedures known as Order Fulfillment. In the process of fulfilling an order, storage, picking, packing, distribution, and receipt of the product by the customer are the important stages. Pick and pack fulfillment services are one of the earliest and most crucial stages in order fulfillment. It not only guarantees that the product can be sold to the buyer’s preferred location but is also useful in branding, marketing, and tracking the product. This article will introduce you to the principles of pick and pack fulfillment, pick and pack warehouses as well as show you how to handle picking and packing process. What is Pick and Pack Fulfillment Service in eCommerce? An online seller, after receiving an order on their website or another channel, sends an order confirmation message to the customer and then initiates order fulfillment. In the order fulfillment process, eCommerce pick and pack warehouse fulfillment is the earliest process that a seller initiates. As the name pick, pack, and ship fulfillment suggests, it is the process where ordered products are picked and packed, following a standardised process.  In a fulfillment-providing company, the supply chain must be streamlined with picking and packing fulfillment to reduce logistics costs.  Picking is choosing the appropriate product from storage, in the least amount of time, after an order has been placed. Dedicated companies that provide picking and packing fulfillment, have a sophisticated way of doing it. It is further classified into piece picking, batch picking, zone picking, and wave picking. Packing is placing the things in the correct sized box with the proper packaging materials to ensure that they arrive at their final destination unharmed and at the lowest possible cost. Packing should involve efficiently placing orders within the fewest number of boxes, putting packing slips, and using the right type of packing material(s) for each product to reduce shipping costs and maintain order accuracy. Many warehouses include a warehouse management system (WMS) that can assist in determining which box is the best fit for the order at hand. Source [contactus_lilgoodness] What are the Methods of Pick and Pack Fulfillment services? Methods of pick and pack fulfillment may vary depending on the size, location, tie-ups with fulfillment centers, registration on different selling platforms, etc. A seller can change the picking and packing styles as per business requirements. Here are the standard pick and pack logistics fulfillment methods and strategies that most companies do to fulfilling orders. Piece picking method In this method of pick and pack fulfillment service, a single product is picked and sent for packing and further processes. The retailer’s pick-and-pack fulfillment partner picks the order from the seller's shop, warehouse, or fulfillment center and initiates the order fulfillment process. Mostly piece picking is done by small businesses, luxury or heavy product sellers. For them, piece picking is the easiest pick and pack logistics method. Batch picking method The batch-picking method of pick and pack fulfillment service is an organized way of consolidating numerous orders to deliver to different locations. It is done, once a seller receives orders in large numbers. The orders are picked up in batches according to the pick-up location of the fulfillment center and the location of the customer. You can have a single SKU for several orders, it makes sense to bundle those orders together which will save time and resources. It is also done by small retailers, once they get a good amount of orders. Zone picking method In this method of pick and pack fulfillment service, objects are picked up zone-wise and later transferred to another zone till it is delivered. It requires a strong fulfillment network, complex coordination, and technology to achieve the most accurate results by the fulfillment center. Zone picking will need a good pick and pack Warehouse Management Software to handle and automate all the complex processes involved. Wave picking method It is a combination of batch-picking and wave-picking methods. Here, a person arranges the batches of products according to their zonal movement. Then they transfer the batches to the respective delivery personnel in different zones. These days, most of the good fulfillment centers are doing the same. It saves time, energy, and cost.  What are the Benefits of Pick and Pack Fulfillment Services for eCommerce Businesses? Suppose you are an eCommerce seller and do multi-channel selling, you get orders across the nation, and you can fulfill hundreds of orders in a single day. While focusing on your core work of selling, you will have to take up a new responsibility of pick and pack fulfillment and also keeping track of hundreds of orders. You will need dedicated resources and capital for it. You might not be able to solve disputes across the country, so this is where pick and pack warehouse fulfillment companies can help. They will store your inventory in their fulfillment centers. From the fulfillment centers, they will pick, pack and transport it to a shopping aggregator or courier service provider, which will then distribute it to the final location. In case you are a small seller, you can focus on the core aspects of your business such as expansion, marketing, development of new products and refining existing ones, instead of spending time and resources fulfilling orders miles away from your shop or godown.  The benefits of pick and pack fulfillment through the pick, pack, and ship services are listed below: Fulfillment of orders 24x7: A seller through online selling sells 24x7 so they should also have access to pick, pack, and ship services fulfillment 24x7 for faster delivery and customer satisfaction. Pick, pack, and ship services receive, pick, and pack items around the clock. Access to branded packing: Most fulfillment companies provide branded packing services that help you with customized packing. It saves you the cost of packaging and transportation and also the hassle of trying to make your packaging appealing to attract more customers. Transportation to the best courier service: To make pick and pack eCommerce fulfillment a better experience for both the seller and their customers, these pick, pack, and ship services drop off the ordered items to the best logistics providers and courier services in a certain delivery area. They have enough experience to know who offers better delivery service in that area/city/state/region where orders need to be shipped. Customized pick and pack fulfillment service methods: Orders are picked and packed after analyzing and bifurcating the ordered items according to their demand and estimated delivery time. They use the wave-picking method which saves cost, time, and energy. Professional fulfillment staff: These pick and pack fulfillment companies are professionals in the field of pick, pack, and ship services and order fulfillment. They have a number of solutions for any mishap that could occur and contacts to resolve them in the shortest amount of time possible and at the cheapest rates. WareIQ's Reverse Logistics Enhanced reverse logistics: After selling the product, companies need to have a comprehensive reverse logistics service in place in order to combat any wastage that could occur. Pick and pack fulfillment services take care of the entire reverse logistics process.  Why Should You Choose a 3rd-Party Pick, Pack & Ship Service? In the era, where multiple unicorn start-ups are mostly outsourcing resources, there is a huge demand for pick, pack and ship services. Oyo outsources rooms, Ola outsources cars, etc. So the idea here is to not get stuck in micro-management and distract from the core task. Some services which you are able to outsource to pick and pack logistics fulfillment companies are: Branded Shipping Branded shipping is the shipping of a product by a seller to the buyer’s address which includes packing, packaging slips & shipping labels, sending order confirmation messages with tracking details, highlighting product presentations and adding various personalized touches. It is an opportunity to brand your business which can be done by an expert to reiterate the proper message to the target MQLs that may become SQLs in the future. WareIQ Branded Tracking Technology and automation Pick and pack businesses use cutting-edge technology and have well-trained service teams to provide high-quality, professional pick and pack fulfillment services among much more. Most pick, pack and ship services provide access to an online management system that allows you to monitor, authorize, and cancel purchases that are submitted by your company at any time. Order fulfillment Pick and pack fulfillment service providers are experts and equipped with high-tech devices, and software to mitigate any errors in the order fulfillment process. They pick items in batches, according to various metrics which makes it more accurate when transferring goods from one place to another. They also use dedicated vehicles customized according to the product size, area of delivery, freight charges, and much more. Multi-channel selling If you are a multi-channel eCommerce seller, choosing a pick and pack fulfillment service partner is beneficial from your business’s point of view. They provide multiple options to you such as custom picking and packing where all the sales done on multiple platforms can be fulfilled from the same location and packed in a customized manner according to the requirements of the channel. Streamlining processes Because a pick and pack fulfillment service company’s major duty is to execute the supply chain in the most efficient and cost-effective way possible, there are fewer distractions for them and their employees, as well as other obligations that get in the way. When organizations have to manage major processes themselves, it isn't usually the case because individuals are continually pushed in different directions. The supply chain can be reconfigured considerably more readily if required. Pick, pack, and ship services are knowledgeable about the most recent technologies and procedures, as well as the full process from start to finish. This is especially useful if there are any problems or unexpected events along the way. A 3PL pick and pack fulfillment service can put your mind at ease if you're unsure about the capabilities or requirements of your business. Assistance and scalability Scalability refers to a company's ability to handle increasing workloads and the potential for expansion. The capacity to alter space and labor based on inventory and products is another advantage of employing a 3PL fulfillment company. Many pick and pack logistics companies have deliberately established facilities throughout the country to ensure efficiency and nationwide delivery at low prices that enable higher profit margins. This can lead to a re-engineering of distribution markets, which might be a blessing in disguise during periods of rapid expansion. Reverse logistics Pick and pack fulfillment cannot be completed without a return policy. Pick, pack, and ship services are done by dedicated fulfillment companies. In case of a return, they will have to perform all the similar steps in the regular supply chain, but in reverse. If a bad delivery is a bad experience for a buyer then a bad return is similar for a seller. What are the Main Points to Consider While Choosing a Pick and Pack Fulfillment Service in 2023? Hidden Fees & Additional Costs You are in a business so you have to record the expenses. Before you choose a fulfillment partner for order fulfillment, you should know all their terms and conditions. Read twice about the minimum fee, storage costs, and pallet fees are all possible fees. Inquire about fees and compare them. Also, keep an eye on any hidden costs. Knowledge About Your Pick and Pack Fulfillment Partner Visit the warehouse of your potential pick and pack fulfillment service if at all feasible, or at least contact prior and current clients to learn more about the company. Pay attention to your encounters with them; the way they respond to you will most likely be similar to how they respond to your clients after you start working with them. Also, request a demonstration of any systems that will be used. Before committing, it's a good idea to thoroughly understand their skills. Contract Duration  Check their terms and conditions regarding the duration of the contract they are offering. If you want a long-term contract then how long they can offer a partnership contract with you would be important and in case you do not feel like continuing with them then how easily can you discontinue the contract is just as important.  Prior Track Record  Always check online for any positive or negative evaluations of your potential pick and pack fulfillment service. It is always a good idea to get a sense of how other vendors and customers feel about a firm before committing. Check how long they have been in business and other metrics such as prior mishaps and how they were handled by the company. Handling Bad Situations A business is always accountable. Before going ahead with a pick and pack fulfillment company, it is important to know what the company's procedure is if your product gets misplaced, whether they keep track of damaged goods, and how often they count them. There should be full transparency between you and your pick, pack and ship fulfillment service.  Software and Technology Check to see if your potential pick and pack fulfillment service has a reliable warehouse management system (WMS), if they can link to your sales channels to automatically retrieve orders, and can provide real-time data. It should all be automated by technology and all the information about your products in the warehouse or the process of fulfillment should be at your fingertips. It will help you to be answerable to your customers directly. Conclusion: Should You Outsource Your Pick and Pack Fulfillment Service Needs? When you grow as a business, you start delegating the work to your manager, supervisors, and other employees. You hire experts with years of experience in certain fields, so similarly, you should do the same with your company’s requirements. You need to choose a cost-effect pick and pack fulfillment company for all your eCommerce shipping and eCommerce warehousing needs. They provide adaptable solutions for organizations of all sizes. If your firm is short on space, manpower, or time-related resources, a pick and pack fulfillment service company can relieve tension while also saving you time and money, all of which affect your bottom line. Examine your alternatives and select the one that best suits your company.  WareIQ has emerged as one of the trusted Order Fulfillment companies equipped with all the resources in pick, pack, and ship services, warehousing, logistics, and much more. Established in 2019, WareIQ, a Y-combinator-backed startup, has rapidly grown to be the leading full-stack eCommerce fulfillment company 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. WareIQ manages the entire range of complex operations in the eCommerce fulfillment process, such as inbound functions like scanning and quality check, 100% accurate Pick and Pack, and inventory management across all channels, with a centralized platform for core fulfillment and shipping operations and post-shipping apps for a delightful experience and zero to minimal supply chain leakages. WareIQ has empowered brands to sell more, sell faster & sell everywhere due to: Access to WareIQ’s strong nationwide network of fulfillment centers, micro-fulfillment centers & urban dark stores near their customersAccess to all major national & hyperlocal last-mile courier services at discounted rates for making same/next-day deliveries possibleEasy integration across multiple online platforms & marketplaces enhancing multi-channel sellingHorizontal marketplaces: Flipkart, Amazon, etc.Vertical marketplaces: Nykaa, Myntra, etc.D2C platforms: Shopify, Magento, WooCommerce, etc.Social commerce platforms: BikayiAccess to a superior centralised tech platform for eCommerce operationsML-based prediction engine for efficient warehouse network design & smart inventory placementCentralised platform for core fulfillment & shipping operationsPost-shipping apps for a delightful experience & zero to minimum supply chain leakages (Branded tracking page with smart marketing placements; Trigger-based updates & smart communication platform) WareIQ has customised offerings for merchants experiencing different order volumes as well as having different delivery speed expectations. WareIQ is probably one of the very few fulfillment tech companies in the world that have same-day delivery service for their customers under their product “WareIQ RUSH”. With world-class WMS functionalities, WareIQ handles the entire range of intricate operations in the eCommerce fulfillment process, ranging from Inbound Operations such as scanning and quality check, through 100% accurate Pick and Pack fulfillment service, to Inventory Management across all channels. At the same time, WareIQ customers realize significant cost savings and wider reach due to better negotiations with shipping partners, strategically placed warehouses, economies of scale and scope in warehousing and data-driven decision-making. WareIQ’s WMS, a centralised tech platform helps to better manage undelivered orders by reducing NDR processing time by 12 hours – a multifunctional NDR dashboard helps to track and take immediate action for undelivered orders in real-time, thereby reducing RTO by up to 10%. Automatic replenishment recommendations and easy purchase order creation capabilities on the WareIQ platform further empower eCommerce companies to leverage all possible ways of increasing their ROI. [signup] Pick and Pack Service FAQs (Frequently Asked Questions) What is the meaning of a pick and pack service?In the order fulfillment process, pick and pack is an important stage. All items in a customer's order are first picked (collected) from their respective storage locations. Following that, the things are packed (packaged) and are then ready to be shipped  to the consumer. How do you define pick and pack warehouse?Warehouses have inventory stored that will be picked and packed as soon as an order is placed. What is the meaning of pick and pack fee?The fee associated with picking a piece of inventory out from a warehouse and packing it for shipment is called a pick and pack fee. How much do the Pick and pack warehousing services cost?The cost of pick and pack warehousing services can vary depending on several factors, such as the volume of orders, the complexity of the items being picked and packed, the location of the fulfillment center, and the level of automation used in the process.Generally, pick and pack services are priced on a per-order basis, which means that the more orders you have, the lower the cost per order. Additionally, some fulfillment centers may charge additional fees for storage, inventory management, shipping, and other value-added services.To get a better estimate of the cost of pick and pack warehousing services, it's best to contact a fulfillment center directly and provide them with information about your business, products, and order volume. They can then provide you with a customized quote based on your specific needs and requirements. To get a quote for WareIQ, check here. What other services does WareIQ offer?Apart from picking & packing products in WareIQ’s fulfillment centers, WareIQ offers full stack fulfillment services to eCommerce businesses, starting from cold storage facilities, customised packaging, access to tech platforms with easy integrations with 20+online marketplaces & platforms, ML-based inventory forecasting, analytics, order tracking, shipping & last mile delivery, post shipping apps like RTO insurance, weight lock, customer feedback, branded tracking, etc. In shipping, what does pack mean?Before the product is labeled and dispatched to the end consumer, the items are packed i.e. items are placed into the proper box, together with the packing materials and documentation. What is the difference between picking, packaging, and shipping?In fulfillment, "pick, pack, and ship" are the three essential steps that take place in the order fulfillment process. Here are the differences between the three:Picking: This refers to the process of selecting the ordered items from the inventory and bringing them to a designated area for packing. Picking can be done manually by a person who walks around the warehouse or through automation, such as using robots or conveyors.Packing: This refers to the process of preparing the picked items for shipment. It involves putting the items in the right box or container, adding protective materials like bubble wrap or packing peanuts, and labeling the package with the shipping address and other necessary information.Shipping: This refers to the process of handing over the packed and labeled package to the carrier for delivery to the customer. This can involve arranging for a shipping service to pick up the package from the fulfillment center or drop it off at a designated location.

February 25, 2023
iThink Logistics vs Shiprocket vs WareIQ: Which is the Best Option for a Fulfillment Partner for eCommerce in 2024?

iThink Logistics vs Shiprocket vs WareIQ: Which is the Best Option for a Fulfillment Partner for eCommerce in 2024?

3PL fulfillment companies play a vastly important role in today’s eCommerce environment. It used to be the case that only the largest and most experienced companies had access to the latest technology and features, while smaller and medium-sized companies would be left behind. However, with the expansive growth of the fulfillment industry and eCommerce as a whole, every eCommerce retailer can get access to advanced technology and services that make it possible to give their customers a positive experience. Facilities such as ultra-fast delivery, order tracking, a nationwide physical distribution and fulfillment center network, eCommerce marketplace integrations, and inventory management have all become part and parcel of the type of services that 3PL companies provide. This, in turn, allows sellers to provide a hassle-free delivery experience to their customers. In this blog, we will comprehensively go through some of the best options - iThink Logistics vs Shiprocket vs WareIQ - and compare the companies themselves and their feature sets, and help you decide which one is the right option for you. Read along. Introduction to WareIQ Source WareIQ is one of India’s fastest-growing eCommerce fulfillment companies and is based in Bangalore. Since its inception in 2019, its use of technology has been at the forefront of providing a vast array of eCommerce solutions. In addition to the conventional suite of features that one usually expects from a 3PL company, such as a nationwide network of fulfillment centers, distribution facilities, order fulfillment, and last-mile delivery, the company also offers many additional features that add value to different areas, such as an app store, a custom WMS that can integrate with a variety of eCommerce selling platforms, an RTO Shield that protects retailers from the negative effects of returns, smart inventory placement recommendations and much more. The company also does not impose any minimum order requirements so you can just choose and pay for the facilities that you need. Some of the reasons that make WareIQ a good choice are listed below: It offers a pan-India network of fulfillment centers and uses smart inventory placement to recommend the best locations based on proximity to areas of high demand and transport hubs. Additionally, they also provide a network of dark stores that aid in hyper-local fulfillment for fragile products such as food products, nutrients, organic ingredients, and more.It has no minimum order requirements, so you do not have to opt for every service in a bundle package if you do not need it. You can simply choose what you need and can always upgrade your plan in the future based on your company's growth.It has partnered with more than 12 of the largest shipping companies in the country, which enables ultra-fast same-day and next-day delivery. The company will also automatically allocate the quickest and cheapest option for every order.It provides a custom WMS that can monitor and provide real-time updates to inventory and order data across multiple eCommerce selling platforms, such as Amazon, eBay, Flipkart, and more, as well as different fulfillment center locations through a centralized dashboard.It provides an app store with a simple and intuitive user interface and offers a vast catalog of simple-to-download apps that improves the productivity of different facets of your business, such as customer feedback generation, branded order tracking, and shipping badges to convey the delivery speed. [contactus_lilgoodness] Introduction to iThink Logistics Source iThink Logistics was founded in 2017, in Mumbai, Maharashtra and is currently headquartered there. It is primarily a shipping and logistics company. One of its headline features is that it does not have any initial down payment or subscription charges, so it is pitched as a “free” shipping solution. However, once retailers start making use of their services, they will need to pay a fee accordingly. Like most shipping aggregators, its main services include consolidating multiple shipping companies together to help customers make a choice, automating multiple shipping processes, providing order tracking facilities and more. Its current order volume is more than 25,000 orders a day and it offers international shipping in addition to domestic services. Some of the reasons that make iThink Logistics a good choice are listed below: It services more than 26,000 pin codes and currently operates in 180 countries across the globe.It has a customer base that exceeds 5000 sellers so it has a vast amount of experience in tackling any and every shipping-related challenge that could occur.It offers multiple integrations with eCommerce marketplaces, such as Amazon, eBay, Shopify, WooCommerce and more, as well as shipping and logistics companies, such as BlueDart, FedEx, DHL and many others.It provides an AI-powered recommendation engine to help retailers choose the best option to fulfill each order individually.It offers automatic delivery reattempts in the event that customers aren’t able to receive their orders during the first attempt which reduces confusion and the frequency of returns. Introduction to Shiprocket Source Shiprocket is one of the most well-known and positively-regarded shipping aggregation platforms in India. The company was founded in 2012 in Delhi, where it is presently headquartered. Being a shipping aggregation company, its primary services include the amalgamation of shipping companies to provide a simplified choice to its partners, the automation of various shipping and logistics services, and integrations with various eCommerce platforms. It also offers value-added features, such as cost estimation, to help retailers more transparently understand the total amount they would be paying and order management across multiple selling platforms. The company’s current order capacity sits at 200,000 daily orders and it operates in more than 200 countries worldwide. Some of the reasons that make Shiprocket a good choice are listed below: It provides value-added services, such as shipping label printing facilities and insurance for every order, which cement it as one of the most comprehensive shipping platforms that are available.It offers a calculator for custom shipping rates that will help you determine which distribution partner is offering the best and most affordable service for particular orders depending on factors such as product specifications, distance and more.It offers a choice of upwards of 17 shipping firms and you can manage and integrate your logistics and order data using a user-friendly interface.It provides a comprehensive platform for analysing and keeping track of crucial order-related information, allowing you to simply analyse your rates of success and identify areas that are in need of improvement.It enables you to access all of your important data through a centralised dashboard and it provides synchronization with a variety of eCommerce marketplaces. iThink Logistics vs Shiprocket vs WareIQ: 10 Primary Differences in Features and Services in 2024 iThink Logistics vs Shiprocket vs WareIQ: Core Offering WareIQ: The flagship offering of WareIQ is its eCommerce fulfillment services which are made possible through a heavy investment in technology. These services encompass product storage, inventory management, marketplace integrations, packaging services, shipping facilities, a custom WMS, last-mile delivery and much more.iThink Logistics: The main services offered by iThink Logistics are centred around eCommerce shipping and logistics. The company provides many services that make shipping easier and more efficient, such as integrations with both eCommerce marketplaces and shipping carriers, an AI-enabled recommendation engine, automated shipping processes and more. Shiprocket: The core offering of Shiprocket is its shipping aggregation services. By giving its users a choice of multiple carriers and even providing an AI-based recommendation service to help them make an informed decision, they try to offer the fastest and cheapest shipping among all its competitors. iThink Logistics vs Shiprocket vs WareIQ: Customer Onboarding Time WareIQ: WareIQ’s customer onboarding takes just 7 days from start to finish.iThink Logistics: iThink Logistics offers a dedicated customer onboarding team and provides a fast onboarding process though the exact time isn’t specified.Shiprocket: Shiprocket also provides a quick onboarding process but again, the exact speed isn’t mentioned by them. iThink Logistics vs Shiprocket vs WareIQ: Pricing WareIQ: WareIQ offers flexible and transparent pricing plans as well as perks such as no minimum order requirements and the ability to only opt for the services you need. Additionally, the company provides many features in-house, such as a custom WMS and a choice of shipping carriers.iThink Logistics: One of the highlights of iThink Logistics’ pricing model is that it claims to offer “free” shipping. However, this only refers to the fact that retailers do not need to pay any upfront or initial costs. Instead, they only pay once they start utilising a service.Shiprocket: Shiprocket offers huge discounts of up to 50% for their customers in addition to offering some of the most competitive prices in the industry. iThink Logistics vs Shiprocket vs WareIQ: Technological Features WareIQ: WareIQ seeks to differentiate itself from its competitors by using advanced technology, a sentiment which is backed up by features such as an app store, a custom WMS, integrations with multiple eCommerce platforms, real-time inventory updates, automated replenishment triggers, branded order tracking and much more.iThink Logistics: iThink Logistics offers a suite of technological features that come as standard for most shipping aggregation companies, such as an AI-powered recommendation engine, automated shipping processes, integrations with most eCommerce platforms and shipping companies, an automated setup process and much more.Shiprocket: Shiprocket offers many advanced technological features, such as NDR management, a recommendation engine, automated shipping services, SMS notifications and order tracking services. iThink Logistics vs Shiprocket vs WareIQ: App Store WareIQ: WareIQ provides an intuitive and well-designed app store that is designed to be familiar to conventional app stores, such as the Google Play Store and Apple App Store. There is a heap of apps that enhance the productivity of various business functions, such as customer feedback, branded tracking, and shipping badges.iThink Logistics: iThink Logistics does not have its own app store or provide support for in-house apps.Shiprocket: Shiprocket does not offer an app store or first-party app support as well. However, it provides support for API integrations. iThink Logistics vs Shiprocket vs WareIQ: Services Offered WareIQ: WareIQ provides solutions to most major eCommerce requirements, such as order fulfillment, inventory management, product storage, distribution facilities, last-mile delivery, a custom WMS, an app store, shipping badges, branded order tracking, packaging facilities and much more.iThink Logistics: iThink Logistics mainly offers shipping-related services, such as shipping aggregation, an AI-powered recommendation engine, early detection of issues, automated re-delivery attempts, auto-generated reports, and much more.Shiprocket: Shiprocket is a logistics and eCommerce delivery partner you can rely on, they offer multiple facilities, zero monthly fees, no minimum shipment requirements, packing services, prepaid COD, API integrations, and much more. iThink Logistics vs Shiprocket vs WareIQ: Integrations WareIQ: WareIQ’s WMS integrates with many online selling platforms, such as Amazon, Meesho, Flipkart, Myntra, and many more. It also integrates with website-building platforms, such as Shopify, Magento, and WooCommerce, among others. This assists customers in monitoring their inventory and order data across platforms and fulfillment center locations.iThink Logistics: iThink Logistics offers integrations with multiple eCommerce marketplaces as well as shipping services to be able to keep an eye on all shipments in one location. Shiprocket: Shiprocket provides seamless integrations to most major global fulfillment platforms, such as Amazon, Shopify, and eBay, among others. This enables tracking order data, syncing data across platforms, and much more. iThink Logistics vs Shiprocket vs WareIQ: Unique Selling Point (USP) WareIQ: WareIQ’s unique offering is its widespread use of technology to tackle a variety of eCommerce challenges and requirements. The company makes use of advanced technology in almost every aspect of its operations, such as order fulfillment, inventory management, SKU storage, order tracking and reverse logistics.iThink Logistics: iThink Logistics seeks to provide affordable and easily-accessible shipping aggregation solutions to a wide audience. It also reduces the financial burden on sellers but only collects payments after they make use of any facilities.Shiprocket: The goal of Shiprocket is to make quick and efficient shipping easily available to a large audience. The company offers advanced features and technology for some of the most competitive rates in the sector. iThink Logistics vs Shiprocket vs WareIQ: Customised Packaging WareIQ: WareIQ offers sellers the utility of customised packaging where each element of the unboxing experience, such as brand logo, design, size and materials, can be tailored according to their preferences.iThink Logistics: iThink Logistics does offer customizable packaging facilities where different aspects can be personalised according to your liking.Shiprocket: Shiprocket also offers customised packaging services as per the preferences of its customers. iThink Logistics vs Shiprocket vs WareIQ: Cold Storage Facilities WareIQ: Cold storage facilities are provided in most of WareIQ’s fulfillment centers.iThink Logistics: Cold storage facilities are not offered by iThink Logistics.Shiprocket: Cold storage facilities are not provided by Shiprocket in any of their warehouses. iThink Logistics vs Shiprocket vs WareIQ: Feature Comparison Summary Table [table id=55 /] Suggested Read: Shiprocket vs Shyplite vs WareIQ Conclusion: Why is WareIQ the Best Fulfillment Company Among iThink Logistics vs Shiprocket vs WareIQ in 2024? Making a choice between iThink Logistics vs Shiprocket vs WareIQ is a tough prospect. iThink Logistics and Shiprocket are mainly shipping aggregation companies that don’t offer many other fulfillment services. WareIQ, on the other hand, is primarily an order fulfillment company that provides comprehensive, all-encompassing solutions to almost every eCommerce requirement that you may have. To make an effective decision, you need to chart out and analyse your own short-term and long-term goals and where you envision your company to be. If you just need shipping services and nothing else, you can consider opting for all 3. However, if you need solutions for any other eCommerce requirements, WareIQ will definitely be your best bet. WareIQ is a homegrown eCommerce fulfillment provider that uses advanced technology to offer a vast suite of eCommerce services. Some of the key ones are listed below: Warehouse Management: We have an in-house WMS that can automate many fulfillment center operationsSKU Storage: We offer a pan-India dark store and fulfillment center networkApp Store: We provide an intuitive and well-designed app store with many different appsOnline Selling Platform Integrations: We enable integrations with 20-plus eCommerce marketplaces, such as you can sell on Amazon, sell on Flipkart, sell on eBay, and many moreBranded Order Tracking: We offer branded tracking facilities that will enable you to personalise your order tracking pages with any information you want to get across to your customers.Reverse Logistics: We handle returns management and shield you from the adverse effects of returnsMultiple Shipping Companies: We offer more than 12 courier partners to choose fromCustom Packaging Facilities: We provide custom packaging facilities that can be tailored according to your preferences.Shipping Badges: We enable you to add Prime-like shipping badges that showcase shipping times on your product listingsUltra-Fast Delivery: We have lightning-fast same-day and next-day fulfillment services Shiprocket vs iThink Logistics vs WareIQ: FAQs When and where was iThink Logistics founded?iThink Logistics was founded in 2017, in Mumbai, Maharashtra. Does Shiprocket provide a nationwide network of fulfillment centers?Yes, Shiprocket does offer a pan-India fulfillment center network, although it is limited to major metropolitan areas. When and where was WareIQ founded?WareIQ was founded in 2019, in Bangalore, Karnataka. What are the factors you should consider when making a decision between iThink Logistics vs Shiprocket vs WareIQ?Some of the key factors to take into account while choosing between the 3 companies are listed below:- Your current business requirements- Your current demand levels- Your present order volume- Your current product catalogue- Your available financial budget- Your operations team size Does WareIQ also offer shipping aggregation services?Yes, WareIQ offers a choice between more than 12 of the biggest shipping companies in the country and always assigns the fastest and cheapest option for every order. Which logistics company is the best alternative to iThink Logistics in 2024?WareIQ is the best alternative to iThink logistics because WareIQ provides end-to-end fulfillment service to eCommerce, D2C, B2B brands, starting from warehousing, a unified fulfillment platform (WMS+OMS+inventory management), shipping aggregation services for last mile deliveries, etc. But iThink logistics works only as a courier aggregator platform only for eCommerce clients. iThink logistics also works mostly with entry-level clients but WareIQ works with all kinds of clients, ranging from entry to mid-market to enterprises. Name a few alternatives and competitors of iThink Logistics.Few iThink Logistics competitors and alternatives are as follows:i) WareIQii) Easyshipiii) Shippoiv) Nimbus postv) Shipwayvi) Shiprocketvii) Delhivery

February 24, 2023
10 Best Logistics Companies in Coimbatore for Online and Offline Sellers in 2024

10 Best Logistics Companies in Coimbatore for Online and Offline Sellers in 2024

Coimbatore is the 2nd largest city in the South Indian state of Tamil Nadu after its capital, Chennai. The city lies on the banks of the Noyyal River and is in the midst of the Western Ghats, just a short distance away from major hill stations like Ooty and Kodaikanal. As a result, the city has experienced immense growth in the past couple of decades, owing to the inception of multiple special economic zones (SEZs) that have been set up in the city to boost economic growth. Coimbatore regularly features among the top 15 Indian cities in terms of having a business-friendly environment. It is also a major textile hub and is regarded as one of the leading fashion-producing cities in India. All these factors combined make Coimbatore an attractive proposition for starting a business. Hence, to assist you in that endeavor, we have taken the liberty of compiling a list of the top 10 logistics companies in Coimbatore and the factors you should consider while choosing them. 5 Factors to Consider While Choosing Logistics Companies in Coimbatore Experience and Expertise One of the primary factors to consider when choosing logistics companies in Coimbatore is their experience and expertise. An experienced logistics company will have a deep understanding of the supply chain and be able to provide efficient and effective transportation solutions. You should look for a company that has relevant experience in your industry and can provide customized logistics solutions tailored to your specific needs. This will also ensure that they will have the ability to scale their operations to meet growing demand and future expansion. Geographic Coverage When choosing logistics companies in Coimbatore, it is essential to consider their geographic coverage in terms of storage and distribution. The logistics company should be able to transport your goods to all the locations you need, including local and regional areas within the country, as well as international destinations. They should have a robust network of carriers, warehouses, and distribution centers that can handle your logistics needs and ensure that orders can be fulfilled regardless of where they come from, so you don’t have to worry about turning away customers based on their location. Technology Technology plays a crucial role in modern logistics. The logistics company you choose should have a robust IT infrastructure that can provide real-time visibility and tracking of your shipments. They should have the ability to integrate their systems with your own systems for seamless communication and data exchange. They should also be equipped with technology such as WMS software so you can gain insights into your sales patterns and automate various procedures, such as inventory replenishment and stock management. Pricing Plans The cost of logistics companies in Coimbatore should be an important factor to consider. You should compare the rates of different logistics companies and consider the value they provide in terms of service quality and reliability. You should also consider any hidden costs, such as fuel surcharges or accessorial fees. Additionally, you should also take into account your own budget. It wouldn’t be of any use in finding a company that meets your criteria, only for you to realise that you cannot afford it. You can learn more about logistics costs here. References and Reviews Finally, you should ask for references and check online reviews on various forums to get a sense of the logistics company's reputation. You can also ask for case studies or customer testimonials to get a sense of their experience working with businesses like yours. Additionally, having a few unhappy customers is unavoidable for every company but the priority and speed with which they handle complaints can indicate a lot about the way the business conducts itself and the importance it gives to its customers. This can be reflected in the way they respond to critical comments and whether or not they were able to solve those issues. Top 10 Logistics and Shipping Companies in Coimbatore in 2023 WareIQ Source Founding Year: 2019Services Offered: logistics and fulfillment facilities, 3PL services, inventory management, last-mile delivery, first mile delivery and others. WareIQ has offered eCommerce fulfillment services. The firm offers a wide range of logistics and fulfillment facilities, from inventory management to last-mile delivery. In addition to being able to automate many warehouse processes, it offers a bespoke WMS that can be coupled with numerous online selling platforms like Amazon and eBay, website builders like Shopify and WooCommerce, and courier service providers like FedEx and DHL. It also partners with over 12 of the biggest courier services, and multiple delivery partners in the sector and uses sophisticated courier allocation, which chooses the fastest and least expensive alternative for each parcel. The company also has a vast storage network that is dispersed over the entire country. Some key points that make WareIQ one of the best logistics companies in Coimbatore are listed below: It provides clear pricing and has no minimum order thresholds.It offers a number of integrations with selling platforms, website builders and courier services.It has collaborations with numerous shipping providers and offers incredibly quick delivery.It enables you to personalise package components to suit your requirements.It offers branded tracking facilities for every order. [signup] MJM Express Source Founding Year: 2006Location: Ganapathy Housing Unit, Coimbatore,Services Offered: Consignment Tracking, Courier Parcel Tracking, Air Cargo Tracking, freight trucks, rail freight, and many others. The Coimbatore-based courier business MJM Express has been providing logistics solutions since 2000. For those who need economical parcel delivery services, they are a cost-effective and dependable alternative. Clients have the option of sending documents, packages and other consignments via normal or priority delivery, which is best for urgent and time-sensitive transportation. The company's staff and delivery personnel handle the products securely and attentively in order to deliver them safely. You can ship cargo and commodities securely and timely to any location in the world. They also offer train cargo services, air cargo services, logistics and international parcel delivery, among other services. Some key points that make MJM Express one of the best logistics companies in Coimbatore are listed below: It offers a range of domestic and international courier services.It provides both normal and express delivery solutions.It can transport products through any medium, such as air, land and sea.It offers package tracking facilities for every order.It provides freight forwarding services. Fouress Logistics Source Founding Year: 2010Location: Villankuruchi, CoimbatoreServices Offered: Freight forwarding, storage services, distribution, warehousing solutions, shipping and logistics services. Since the company's founding in 2010, Fouress Logistics has advanced significantly, consisting of a  highly effective workforce that possesses knowledge, adaptability, innovation and customer focus. They offer customers competent shipping and freight forwarding services that are on par with large-scale global shipping operators thanks to their human resources and contemporary infrastructure. The company has the ability and teamwork that are properly combined with individualised services and dedication to deliver in the current environment. Some key points that make Fouress Logistics one of the best logistics companies in Coimbatore are listed below: It offers detailed freight forwarding services.It is able to consolidate multiple operations for more efficiency.It offers a comprehensive storage and distribution network.It offers support for a wide range of logistics procedures.It helps with product sourcing through partnerships with various vendors. Patel Integrated Logistics Source Founding Year: 1959Location: Perianaickenpalayam, CoimbatoreServices Offered: Air freight, domestic air and surface freight, cost-effective transportation and logistics. Patel Integrated Logistics began as a single-truck operation in 1959 but quickly changed directions to become one of Asia's biggest on-ground logistics and transport firms. With a nationwide network of 500 stations and a staff of more than 1,000 highly skilled workers, the company is renowned for its timely, dependable delivery services and strict compliance with delivery timetables that ease the yearly transfer of cargo, valued at ₹12,000 crores each year. Currently, the company has more than 75,000 happy clients, including multinational corporations, public and private sector organisations, small-scale businesses and the trading community. Some key points that make Patel Integrated Logistics one of the best logistics companies in Coimbatore are listed below: It offers dependable and timely delivery services.It has a vast amount of experience and has many clients spanning different industries.It specializes in on-ground logistics and transportation.It offers order-consolidation services.It can also ship goods by air and sea, in addition to road. Joveens Logistics & Services Source Founding Year: 2015Location: Trichy Road, CoimbatoreServices Offered: Freight forwarding, projects and engineering solutions, 3PL logistics, transportation, warehousing, and distribution. With years of proven expertise in the service sector, Joveens Logistics & Services, a diverse organisation with a focus on C&F services, entered the customs clearance & freight forwarding industry in 2005. This background, when combined with a committed group of skilled, youthful and experienced executives, allowed the business to develop itself as a reputable and well-known freight forwarding service/CHA. It is able to handle practically any consignment, whether it is local or international. It is also able to give customers individualised services. Some key points that make Joveens Logistics & Services one of the best logistics companies in Coimbatore are listed below: It specializes in NVOCC LCL and FCL services.It provides engineering solutions to better your fulfillment infrastructure.It offers warehousing solutions.It provides conventional services such as order fulfillment, inventory storage, and more.It provides a wide range of distribution facilities. Broekman Logistics Source Founding Year: 1988Location: Alagu Nagar CoimbatoreServices Offered: Forwarding & shipping, warehousing & distribution, Road transport, Sea freight, and Air freight. Broekman Logistics was founded back in 1988. Via its various offices around the world, the company offers solutions for global logistics services. It has multiple offices around the world, primarily in Southern and Eastern Asia, as well as Central and Western Europe. The firm collaborates closely with all of its offices across the world. It has amassed a sizable global infrastructure of agents and partners over the years. Being a trustworthy logistics company, their goal is to assist clients with any and every requirement they have. Some key points that make Breokman Logistics one of the best logistics companies in Coimbatore are listed below: It provides door-to-door distribution facilities.It offers customs clearance for cross-border parcels.It provides warehousing services for inventory storage.It offers configurable transportation services by air, land and sea.It can ship products internationally. Chetak Logistics Source Founding Year: 1979Location: Sundarapuram, CoimbatoreServices Offered: Vehicle transportation, express service, warehousing & distribution, and supply chain solutions. Chetak Logistics has over 40 years of experience, being founded in 1979. They have regional offices in all of the country's major towns as well as the ability to serve clients worldwide. Since its inception, they have consistently complied with the business needs of every type of client. With a long-term goal of offering complete and synchronized supply chain management and logistical solutions, the company entered the freight-forwarding industry. Currently, it offers a complete range of supply chain services, which include domestic shipping, international customs clearance, global freight forwarding, warehousing, distribution and much more. Some key points that make Chetak Logistics one of the best logistics companies in Coimbatore are listed below: It offers in-house vehicle leasing and maintenance.It provides customs clearance facilities for international parcels.It offers supply chain management for more efficiency.It has a warehousing network for product storage.It offers an express delivery service. Toben Logistics Solutions Source Founding Year: 2013Location: R.S. Puram, CoimbatoreServices Offered: freight forwarding, custom-made logistics solutions, and shipping services. Toben Logistics Solutions has provided versatile freight and distribution solutions since 2013. Their offerings range from organising single container loads to transporting multiple shipments. It acts as a one-stop solution for every shipping requirement. Personal dedication to every partner company and a willingness to go above and beyond for their clients are unique aspects of the company. They also have existing clients from every size and industry, making it an experienced option. Some key points that make Toben Logistics Solutions one of the best logistics companies in Coimbatore are listed below: It provides multiple forms of product and shipping insurance.It provides customs clearance facilities.It offers a variety of delivery options through air, rail, road and sea.It has many value-added solutions, such as break bulk and relocation services.It offers affordable pricing schemes. Sarvam Logistics Source Founding Year: 2011Location: Avinashi Rd, CoimbatoreServices Offered: Air and Sea freight, storage & distribution, and warehousing services. ​​ 2011-founded Sarvam Logistics is the brainchild of seasoned experts who have worked in the field for many years. Every need of all types of industries is met by Sarvam Logistics’ committed and proactive workforce. The business is constantly working to improve the quality of services by utilising the greatest human resources and training them to increase productivity and provide efficient service solutions. They are renowned for their flawless and precise logistics services. Some key points that make Sarvam Logistics one of the best logistics companies in Coimbatore are listed below: It has a variety of transport options, including freight delivered by air, land and sea.It offers warehousing facilities.It is able to ship orders internationally.It offers customs clearance facilities for international orders.It provides chartering and break bulk services.  Consolidated Shipping Line India Source Founding Year: 2013Location: Ramanathapuram Coimbatore, CoimbatoreServices Offered: Ocean freight, Air cargo, land transportation, shipping line, custom clearance, and project forwarding. Consolidated Shipping Line India offers a comprehensive range of shipping and logistics solutions, regardless of company size and scale, from anywhere to everywhere. The company was founded in 2002 to provide effective shipping services internationally and within India. Based on a solid foundation of knowledge and experience, they have a particularly flexible approach to business, believing that being able to act quickly helps them be the first pick for many customers. The company takes the appropriate actions and aligns its services to suit customers' requirements for their goods to reach their destination in time with the most affordable costs. Some key points that make Consolidated Shipping Line India one of the best logistics and shipping companies in Coimbatore are listed below: It offers a wide range of distribution services through air, land and sea.It provides packing and relocation services.It offers customs clearance for international orders.It provides project-forwarding solutions.It has various value-added services, such as supply chain management and the ability to ship bulky and dangerous items. Conclusion: Offload Your Logistical Requirements by Partnering With WareIQ Coimbatore is one of the fastest-growing cities in South India. Due to the government’s concerted efforts in trying to boost economic activity by establishing SEZs and other business-friendly policies, the city has emerged as an appealing location to conduct business operations. However, you would definitely need to partner with a competent logistics company if you want to expand business operations and retain customers by ensuring they have a good experience. Therefore, it is important to consider all your options and identify your own requirements and financial capabilities so you can make a decision that will benefit you in the long run. A company that can take care of all your logistical needs without compromising on affordability is WareIQ. WareIQ is one of India’s leading fulfillment solutions. Having started out in 2019, we have ensured that multiple big-name brands have been able to expand their operations and fulfill orders seamlessly to every corner of the country. Some of the services that can help your business thrive compared to its competitors are listed below: No Minimum Order Requirements: We do not have any minimum order thresholds and you only need to pay for the services you use.Smart Courier Allocator: We offer automated courier allocation that always chooses the cheapest and fastest option among the shipping companies we have partnered with.Intelligent Inventory Placement: We provide inventory storage recommendations so you can utilise our vast network of fulfillment centers and dark stores to store products closer to your customers.Custom WMS: We have an in-house WMS that can aid in seamless inventory management and automate many warehouse procedures.RTO Shield: We take care of returns management and provide an RTO Shield to protect your business from the adverse effects of dealing with returns. Logistics Companies in Coimbatore: FAQs What is a logistics company, and what services do they provide?A logistics company is a business that provides transportation, warehousing and other supply chain services. They help businesses move goods and products from one place to another and manage the entire supply chain process. What are the types of logistics services provided by logistics companies in Coimbatore?Logistics companies in Coimbatore provide a range of logistics services, including:- Transportation- Warehousing- Inventory management- Customs clearance- Freight forwarding How much do logistics services cost in Coimbatore?The cost of logistics services in Coimbatore may vary depending on the type of service, distance, the volume of goods and other factors. You should request a quote from different logistics companies to compare the rates and find the best value for money. How do logistics companies in Coimbatore ensure the safety and security of goods?Logistics companies in Coimbatore use various safety and security measures, such as proper packaging, tracking and tracing, insurance, and secure storage facilities, to ensure the safety and security of your goods. What makes WareIQ the best logistics company in Coimbatore?WareIQ not only provides a vast range of services from conventional facilities like order fulfillment and inventory storage to value-added solutions like an in-house app store and branded order tracking but also has transparent pricing and no minimum order requirements, making all our services readily available to sellers that need it. Which are the top logistics companies in Coimbatore?There are many logistics companies present in Coimbatore. A few of the top options are as follows:- WareIQ- MJM Express- Fouress Logistics- Sarvam Logistics- Patel Integrated Logistics

February 23, 2023