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

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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

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

Shiprocket vs Delhivery vs WareIQ: A Detailed Comparative Analysis to Help You Choose the Right Fulfillment Company in 2024

It would be easy to think that the primary focus of eCommerce is to have an attractive website that also performs well, a smooth checkout process, and the ability to encourage customers to make multiple purchases at your store. However, one of the core tenets of the industry is order fulfillment. The operations involved in order fulfillment comprise all the necessary steps to ensure that a parcel reaches the customer that placed it. Generally, large firms have access to plenty of financial resources and technology that enables them to provide facilities such as same-day delivery, free shipping, attractive custom packaging, and much more, relatively easily. Historically, local firms have lagged behind their multinational counterparts due to a lack of access to these facilities and the resources which makes them possible. However, in today’s hyper-competitive eCommerce environment, there is no dearth of 3PL fulfillment companies that can provide these facilities and much more to eCommerce retailers at a quarter of the price than if they had to do it themselves. In this blog, we will compare 3 of the best options in the country - Shiprocket vs Delhivery vs WareIQ - and help you identify which would be the right choice for you. About WareIQ Source WareIQ is an eCommerce fulfillment company that has emerged as one of the fastest-growing options in the country. With a heavy emphasis on the use of technology to provide solutions to a wide range of eCommerce requirements, the company is able to offer some of the most comprehensive services in the industry. WareIQ was founded in 2019 in Bangalore, where it is currently headquartered. While it is still a relatively young company, it not only provides all the conventional facilities that are offered by companies that have been around for longer but also provides value-added offerings that are unique to it, such as a custom app store, no minimum order requirements, a network of hyper-local dark stores and much more. Some of the services offered by WareIQ that warrant your consideration are listed below: It provides a nationwide network of fulfillment centers and dark stores and also offers smart inventory placement recommendations to help you store your products closer to your customers and major transport facilities, enabling faster and more efficient delivery.It provides comprehensive inventory management through its custom WMS, which can monitor and provide real-time updates regarding the order and inventory data, across fulfillment centers, in a central dashboard. It offers integrations with more than 20 of the biggest eCommerce marketplaces, such as Amazon, Flipkart, eBay, Meesho, Nykaa, and many more. Order information across all platforms is consolidated in a single account that can be accessed by you from anywhere.It enables ultra-fast same-day and next-day delivery by partnering with more than 20 shipping carriers and automatically designates the quickest and most cost-effective option for every order.It reduces the damage caused by returns by providing an RTO Shield that insures every product and also offers reverse logistics facilities to inspect the product and ensure it is transported safely back to the warehouse. [contactus_uth] About Shiprocket Source In India, one of the most experienced and highly acclaimed shipping aggregation services is a company called Shiprocket. The business was established in Delhi in 2012 and is also presently based there. As a shipping aggregator, its main services include combining shipping providers to offer a more straightforward selection to its customers, the automation of multiple logistics and shipping operations, and connections with different eCommerce platforms. It also provides merchants with additional services like cost estimation, which makes it easier for them to see upfront how much money they will be spending overall and order management across several selling platforms. With a daily order capacity of 200,000, the organisation currently serves customers in 200-plus nations globally. Some of the services offered by Shiprocket that warrant your consideration are listed below: It offers a thorough system for analysing and monitoring vital order-related data, enabling you to quickly analyse your success rates and pinpoint areas in need of reassessment.It offers auxiliary facilities, including insurance for every order, shipping label printing, and much more. This makes it one of the most complete eCommerce shipping platforms currently available.It gives you access to critical data pertaining to your orders and inventory levels through a single dashboard and also provides integrations to a number of online selling platforms.It enables you to choose from up to 17 shipping companies and its user-friendly interface lets you manage and combine your order and logistics data across all of them.It provides a bespoke shipping rate calculator that can assist you in determining which distributor is providing the highest-quality and most inexpensive service for every order based on variables like product characteristics, distance, and more. Suggested Read: Check Out Top Warehousing Companies in Delhi NCR. About Delhivery Source Delhivery is primarily a shipping and logistics company that provides a wide range of supply-chain-improving facilities, such as order fulfillment, courier services, and warehousing facilities. The company was founded in 2011 and although you would think that the company was pioneered in the nation’s capital judging by its name, it was actually set up and is currently headquartered in Gurgaon, Haryana, a short distance to the south. The main goal of the company is to provide reliable infrastructure that enhances the day-to-day operations of eCommerce as a whole. It does this by leveraging technology to provide coverage to more than 18,000 pin codes, offers 24/7 customer services, has a vast network of warehouses and fulfillment centers, and much more. Some of the services offered by Delhivery that warrant your consideration are listed below: It provides round-the-clock customer support for any inquiry throughout the year, which makes sorting out any issues or delays extremely simple and quick.It offers a vast fulfillment and storage network comprising sort centers, fulfillment centers, shipping gateways, and direct-delivery centers.It provides same-day and next-day delivery for conventional orders and 48 to 96-hour deliveries for long-distance orders across the country.It offers returns management to mitigate the damage and delays caused by returns.It provides global B2B and B2C shipping facilities to many different countries using carriers like FedEx and DHL. Shiprocket vs Delhivery vs WareIQ: 10 Main Differences in Services and Facilities in 2023 Shiprocket vs Delhivery vs WareIQ: Core Offering WareIQ: WareIQ’s core offering is centred around its eCommerce fulfillment offerings and all the processes involved in it, such as product storage, inventory management, packaging services, distribution facilities, and last-mile delivery, among others. The company uses advanced technologies and automations to speed up and optimize these procedures.Shiprocket: Shiprocket’s core offering is providing shipping aggregation services which involve bundling together shipping carriers so that their customers can make a well-informed decision. To help with this, the company employs the use of an AI-enabled recommendation engine. The company seeks to make fast and efficient shipping available to a wide audience at an affordable price.Delhivery: Delhivery is branded as a shipping and logistics company. Their core offering is focused on shipping aggregation and distribution services. However, the company also provides various fulfillment facilities, such as a fulfillment center network and returns management. Shiprocket vs Delhivery vs WareIQ: Customer Onboarding Time WareIQ: WareIQ’s entire customer onboarding procedure is done in a mere 7 days. Shiprocket: Shiprockert offers customer onboarding services but an exact timeline isn’t mentioned.Delhivery: Delhivery’s customer onboarding process is almost instantaneous, as you only need to sign up and can start shipping products immediately. Shiprocket vs Delhivery vs WareIQ: Pricing WareIQ: WareIQ offers pricing benefits, such as no minimum order restrictions and the option to only select the services you require, in addition to cost-effective and flexible payment plans. It also offers a variety of options internally, including a personalised WMS and a selection of shipping carriers, that mitigate the need to purchase those services elsewhere.Shiprocket: Shiprocket offers multiple payment plans with the base subscription starting at ₹20 per 500 grams. There is also an option to customize your plan with specific services you require.Delhivery: Some perks of Delhivery’s pricing model include no sign-up fees or monthly subscriptions. Instead, the company imposes charges based on the weight and dimensions of each order and payments can be determined using the in-house pricing calculator. Shiprocket vs Delhivery vs WareIQ: Technological Features WareIQ: One of WareIQ’s main selling points is its broad use of technology in every facet of its services. The company offers technological facilities, such as a custom WMS, automated replenishment triggers, an app store, real-time inventory updates, integrations with multiple eCommerce platforms, branded order tracking, and much more.Shiprocket: Shiprocket provides its customers with access to many essential technologies, such as an AI-powered recommendation engine, NDR management, SMS alerts, automated distribution facilities, order tracking, and much more.Delhivery: Delhivery also employs some advanced technological features, such as smart inventory placement, multi-channel integrations, real-time order visibility, documentation management and much more. Shiprocket vs Delhivery vs WareIQ: App Store WareIQ: WareIQ has a simple and well-designed in-built app store that has an entire suite of apps that provide the ability to enhance various business functions, such as generating customer feedback, providing shipping badges to indicate delivery speed, and using branded tracking pages to improve the order tracking experience.Shiprocket: Shiprocket offers API integrations and some in-house platforms but does not have an app store.Delhivery: Delhivery does not offer an app store or first-party app support. Shiprocket vs Delhivery vs WareIQ: Services Offered WareIQ: WareIQ provides almost every facility relating to eCommerce fulfillment, such as SKU storage, shipping facilities, a custom app store, inventory management, an in-house WMS, last-mile delivery, shipping badges, packaging facilities, branded tracking, and much more.Shiprocket: Shiprocket mainly offers shipping aggregation and other subsidiary services, such as packaging facilities, prepaid COD, no monthly charges, no minimum order requirements, API integrations, and much more.Delhivery: Delhivery offers a wide range of shipping and fulfillment services, such as domestic and international shipping, trucking facilities, specialised transit facilities, order tracking, fulfillment centers, no monthly fees, and much more. Shiprocket vs Delhivery vs WareIQ: Integrations WareIQ: WareIQ offers multiple integrations through its custom WMS with eCommerce marketplaces, such as Amazon, Flipkart, eBay, Nykaa and more, as well as with website builders, such as WooCommerce, Shopify and Magento, among others. Historical order data can also be imported and information from all platforms can be accessed through a single dashboard.Shiprocket: Shiprocket can integrate with most large-scale eCommerce selling platforms, such as eBay, Amazon, Shopify and more, to successfully monitor and consolidate order data in one location.Delhivery: Delhivery can integrate with most major shipping carriers as well as eCommerce selling platforms. Shiprocket vs Delhivery vs WareIQ: Unique Selling Point (USP) WareIQ: WareIQ uses technology to provide a vast array of eCommerce solutions that encompasses almost any requirements that an online seller would need. The company also allows retailers to edit their plans and only opt for the services they need, so it is highly flexible.Shiprocket: The flagship offering of Shiprocket is its shipping aggregation services that utilize advanced technology and are easily affordable for eCommerce sellers en-masse.Delhivery: Delhivery not only provides shipping aggregation solutions both internationally and domestically but also offers many fulfillment-specific services, such as a fulfillment center network and order tracking. Shiprocket vs Delhivery vs WareIQ: Customised Packaging WareIQ: Customised packaging facilities are provided by WareIQ where every aspect of the parcel, such as its dimensions, design, materials and logo, can be changed according to your requirements.Shiprocket: Shiprocket does provide customised packaging facilities that can be edited as per the customers' preferences.Delhivery: Delhivery also offers customised packaging solutions where most elements of the parcel can be personalised. Shiprocket vs Delhivery vs WareIQ: Cold Storage Facilities WareIQ: WareIQ provides cold storage facilities in most of its fulfillment centers.Shiprocket: Cold storage facilities are not provided by Shiprocket.Delhivery: Delhivery does offer temperature-controlled warehousing and shipping solutions. Suggested Article: NimbusPost vs Shiprocket vs WareIQ Shiprocket vs Delhivery vs WareIQ: Feature Comparison Table [table id=56 /] Conclusion: Why WareIQ is the Best Choice Among Shiprocket vs Delhivery vs WareIQ As a Fulfillment Service Provider in 2023? Choosing a 3PL fulfillment partner that encompasses all your requirements and considerations is imperative to the success of your business. Your goals can vary depending on factors such as the nature of your products, the sector your business is in, your short-term and long-term goals, the financial resources you have access to, your growth estimation, and much more. You need to ascertain what facilities are the most important to you and whether you can afford the services of the company you want to partner with. If you need a solid shipping aggregator, Shiprocket could be a good choice. If you need access to a vast fulfillment network, Delhivery could be the right call. However, if you need a blend of both in addition to plenty of other eCommerce facilities, such as a custom WMS, with no minimum order requirements so you can be flexible with your finances and bespoke packaging facilities, there is no better option than WareIQ. WareIQ is one of India’s fastest-growing eCommerce fulfillment companies. We offer a variety of eCommerce services, from inventory storage to last-mile delivery and everything in between. Some of the key facilities we provide are listed below: We offer a SaaS application for AI-based inventory optimization that avoids out-of-stock and overstocking problems.We provide reverse logistics support and have an RTO Shield that covers every product against the possibility of damage caused by returns. We have custom packaging capabilities where you can customise every element of the parcel, such as the logo, materials, design, and more, to your taste.We have a strong team of customer support specialists who provide 24/7 help for the swift resolution of customer inquiries.We impose no minimum order requirements, so you are free to choose and pay for what you need and you can always upgrade or edit your plans according to future circumstances. Delhivery vs Shiprocket vs WareIQ: FAQs When and where was Delhivery founded?Delhivery was founded in 2011, in Gurgaon, Haryana. Does Shiprocket provide a network of fulfillment centers?Yes, Shiprocket does provide a fulfillment center network. However, its expansiveness is limited compared to Delhivery and WareIQ. What are dark stores?Dark stores are like micro-fulfillment centers that are located in close proximity to cities and towns to be able to aid in hyper-local delivery. Thus, products can be delivered in under 30 minutes and even 10 minutes on some platforms. Why are shipping aggregation services important?Shipping aggregation is important as it provides retailers with a choice among the best shipping companies. Certain companies may be better than others for specific orders so being able to choose the appropriate option can reduce costs, delivery times and result in higher customer satisfaction. What sets WareIQ apart from Delhivery and Shiprocket?While other companies may provide specific services relating to different aspects of eCommerce, WareIQ provides most services that retailers would need in order to successfully fulfill orders and maintain contact with their customers, post-purchase. We use advanced technology to increase speed and efficiency and reduce the overall operational cost for our eCommerce customers. What is the main difference between Delhivery and Shiprocket?Delhivery is primarily a courier service provider with ancillary services like online courier pick-ups, shipping services, truckload freight, cross-border services etc. Delhivery is also a courier service partner for Shiprocket.While, Shiprocket is a shipping aggregator that provides last-mile delivery for B2C and B2B companies, via its partnership with all the major national, regional and hyperlocal courier service providers like Delhivery, Blue Dart, Xpressbees, E-Kart logistics etc. Shiprocket also provides warehousing for retailers.

February 23, 2023

Top 10 Best Logistics Companies in Kochi for Retailers in 2024

Kochi, combined with neighbouring Ernakulam, is the largest metropolitan area in Kerala and also the most densely populated. It is a port city located on the serene Malabar Coast, in close proximity to the world-renowned backwaters of Kerala. In recent times, it has emerged as a major hub for multiple startups and global companies, with many of them having localised offices in Kochi. The city has also seen the inception of a number of different tech parks and other corporate infrastructure. Additionally, its large port is often the entry and exit point for imported and exported goods entering and leaving India, making the city a good choice for companies that seek to sell their goods in foreign countries or obtain goods from abroad and sell them locally. In this blog, we will take a look at what logistics companies are, the 10 best logistics companies in Kochi and how WareIQ can help. What are Logistics Companies? Logistics companies are businesses that provide transportation, storage, and distribution services to move products, goods, and materials from one location to another. They manage the entire supply chain process, including transportation, warehousing, inventory management and order fulfillment, among other activities. These companies play a crucial role in both the local and global economy by helping businesses of all sizes deliver products to customers and markets around the world and within their own countries. The facilities provided by logistics companies include shipping, air freight, land transportation, sea freight, customs brokerage, and warehousing. They also offer value-added services such as inventory management, packaging, and labeling. However, do keep in mind that the pricing and extent of the services offered by the logistics companies in Kochi can vary significantly. Top 10 Shipping and Logistics Companies in Kochi in 2023 WareIQ Source Founding Year: 2019Services Offered: Last-mile delivery, inventory management, customized packaging, product preparation, distribution, storage facilities, and reverse logistics. WareIQ was established in 2019 and is among the most rapidly growing logistics companies in the country. The company provides a vast range of services that include every logistical requirement that your business could possibly have. Its bread and butter offering is its order fulfillment services but it also offers many other, more nuanced solutions, such as an app store with productivity-enhancing apps, a custom WMS software that can automate many inventory management processes and track inventory levels in real-time, multiple eCommerce marketplace integrations and much more. It also has fair pricing plans and does not impose any minimum order restrictions, making it a compelling choice if you are looking for an option that doesn’t break the bank. Some features of WareIQ that make it one of the top logistics companies in Kochi are listed below: It offers integrations with multiple eCommerce marketplaces and eCommerce web-building platforms like Amazon, Shopify and more.It offers returns management and takes care of the entire reverse logistics process.It has a partnership with more than 20 shipping companies and provides a smart courier allocator.It provides a nationwide network of storage facilities, comprising fulfillment centers on a national scale and dark stores on a local level.It has an in-house WMS that can manage inventory, automate reordering, and much more. [signup] Mint Logistics Source Founding Year: 2009Location: Kaloor, KochiServices Offered: Warehousing solutions, secondary transportation, truck transportation, freight forwarding, logistics services, and storage. Leading distribution firm Mint Logistics was founded in 2009 in Mumbai, Maharashtra and currently has its main national headquarters in Kochi. Numerous logistical services, such as warehousing, break bulk operations, supply chain management, fair and event logistics, and on-ground transportation, are part of their service offerings. They have a major presence throughout most of the Southern states in the country. They currently have a vast client list comprising big names like Videocon, Haier and Electrolux, among many others. Some features of Mint Logistics that make it one of the top logistics companies in Kochi are listed below: It provides freight forwarding and other distribution services across the country.It has equipped all of its warehouses with the machinery needed to locate, lift and store products with ease.It provides various security features, such as surveillance cameras and separate bays for onboarding and offloading.It has a team with plenty of experience in managing the logistics operations of multiple clients.It offers all the transport facilities you would need in one location. Kerala Roadways Source Founding Year: 1981Location: Calicut, KeralaServices Offered: Parcel Service, pack & move, warehousing, logistics services, 3PL, Carrying & forwarding, supply chain management, JIT Management. Kerala Roadways, also known simply as KRS, was founded back in 1962 and is currently among the best logistics companies in South India, where their operations are currently limited to. Their distribution network isn’t the most comprehensive in other parts of the country, which could be a deal breaker if you require nationwide logistics facilities. They have a fleet of more than 1200 vehicles. Their service offerings include supply chain management, warehousing, packing and moving, and parcel delivery. Each day, they move more than 4500 tonnes of cargo. They also have 400 offices in other parts of the country, with around 190 of them in Kerala alone. Some features of Kerala Roadways that make it one of the top logistics companies in Kochi are listed below: It has an extremely condensed distribution network in Kerala, with a density of 10 branches per every 10 km of the national highway network.It consists of state-of-the-art freight management systems.It has plans to expand its warehouse space to over 3 million square feet in the next 3 to 5 years.It offers pickup services from any location you need it from.It provides order tracking facilities for every shipment. Beta Exim Logistics Source Founding Year: 2002Location: North Kaloor, Kochi,Services: Cargo services, shipping logistics, Domestics & International Freight and Logistics management Beta Exim Logistics, which was founded in 2007 in Kochi, has emerged as one of the fastest-growing 3PL logistics companies in South India. Their primary line of business is 3PL warehousing. In Kochi, they oversee more than 100,000 square feet of storage space. They can handle every kind of commodity, including those that are perishable and require special storage and transportation methods. They can also deal with pharmaceutical, agricultural and medical items. Their warehouses are outfitted with cutting-edge technology and qualified staff. Some features of Beta Exim Logistics that make it one of the top logistics companies in Kochi are listed below: It has a large amount of usable storage space across South India.It can handle any type of item and ensure that they are delivered to its destination smoothly.Its warehouses are equipped with the latest inventory management technology.It has a distribution network that extends across South India.It offers services like order fulfillment, inventory management, product storage and more. Albatross Shipping Source Founding Year: 2007Location: Ravipuram, ErnakulamServices Offered: Logistics management, fleet management, vessel leasing, and supply chain services. Albatross Shipping is a logistics and shipping company in Kochi that was founded in 2007. It maintains its national headquarters in Mumbai but its regional headquarters are in Kochi. It provides a host of shipping-related facilities such as fleet management, vessel leasing and much more. It provides shipping services for all types of companies and also allows them to rent ships and other forms of transport directly from them. However, it does not offer other types of facilities typically associated with a logistics company, so it may only be a good fit for you if you have very specific shipping requirements. Some features of Albatross Shipping that make it one of the top logistics companies in Kochi are listed below: It operates a vast fleet of shipping vessels and other transport vehicles.It has an extensive client list consisting of brands like Essar and L&T.It takes care of the maintenance of its entire fleet of vehicles.It offers support for loading and unloading, supply chain management and much more.It offers clearance of port fees and other formalities. Maersk Source Founding Year: 1989Location: Ernakulam, CochinServices Offered: International Logistics services, end to end supply chain, freight transportation,port operation, logistics, and shipping services. Maersk is a Danish shipping and logistics company that was founded in 1904, making it more than 100 years old and it is currently headquartered in Copenhagen. The company has its regional headquarters in Kochi and it has a global presence that extends to many different countries worldwide. It offers a variety of services pertaining to transportation, supply chain management, online integrations and much more. Being an expansive MNC, it has access to the latest technologies and features in the logistics industry, making it a go-to option. Some features of Maersk that make it one of the top logistics companies in Kochi are listed below: It offers a wide range of transportation options, including air, rail and sea.It offers a diverse portfolio of online integrations that make its platform simple to operate.It provides an emissions dashboard for companies that are concerned about their environmental footprint.It provides warehousing facilities that are equipped with the latest tools.It provides comprehensive eCommerce customer service. IAL Logistics Source Founding Year: 1999Location: Marine Drive, KochiServices Offered: Logistics Services, Shipping Services, Liner Shipping Services, Multimodal transportation, and Supply Chain Logistics. The well-known IAL group's logistic enterprise, IAL Logistics, was founded in 1987. They can handle logistical services using technology and skills, and offer their services around the world. Its primary offerings include warehousing, supply chain logistics, and air, ocean and land transportation. They have 12 regional offices spread across the major cities in the nation, including Kochi and they employ more than 800 highly qualified people. Some features of IAL Logistics that make it one of the top logistics companies in Kochi are listed below: It operates its own fleet of ships and other types of delivery vehicles.It facilitates trade between India and various countries in the Middle East.It operates offices in many countries across the globe, including the USA and UK.It has a comprehensive list of supply-chain services.It provides warehousing facilities across the country. Almi Shipping and Logistics Source Founding Year: 2022Location: Cochin, KeralaServices Offered: International Logistics, international inland transportation, Project logistics, Air freight, and Warehousing & Distribution. Budding distribution company Almi Shipping and Logistics was founded in 2022. Ocean freight, project-specific logistics, on-ground transportation, warehousing and air freight are all part of their service offerings. They have emerged as pioneers in liquid transportation. They created "Fluid Flexi Bag Containers," which are innovative and leak-proof, specifically used for transporting liquids. When compared to standard logistic services, they are also less expensive. Their main office is in Kochi and they also have networks in foreign countries like Bangladesh, China, Japan, Pakistan, Australia, the United Arab Emirates, Korea, Malaysia and more. Some features of Almi Shipping and logistics that make it one of the top logistics companies in Kochi are listed below: It offers a variety of loading and transportation configurations.It provides customs clearance facilities for international shipments.It offers warehousing networks for storing inventory.It offers many services, such as order management, inventory management, material handling and more.It has shipping services from the point of pickup to the point of delivery. Varuna Logistics Source Founding Year: 1996Location: Kalamassery, Kochi, ErnakulamServices Offered: Primary & secondary road movement services, express delivery, multimodal transportation, warehousing and contract logistics services. Varuna Logistics is a logistics and fulfillment company that was founded in 1996 in Bareilly, Uttar Pradesh. It has since expanded its service range to offer solutions such as warehousing, transportation, cold storage services, and more. It maintains a large regional office in Kochi and has a distribution network that extends across the country. It currently has a network of 25 warehouses and distribution hubs in every major region of the country. Some features of Varuna Logistics that make it one of the top logistics companies in Kochi are listed below: It has many value-added services such as kitting, labelling, cold storages and more.It implements a sustainable supply chain and environment-friendly tech in its warehouses, such as rainwater harvesting, solar panels and more.It offers round-the-clock order tracking facilities.It maintains a vehicle fleet consisting of more than 2,000 trucks and other vehicles.It takes care of repairs and maintenance for its entire fleet of vehicles. Atlas Logistics Source Founding Year: 1999Location: Willingdon Island, Kochi Services Offered: Freight forwarding, Customs brokers and clearing agents, Transportation logistics With the goal of offering top-notch international freight forwarding, Atlas Logistics was founded in 1999 in Bangalore, Karnataka. This logistics company based in Bangalore operates among the top in Kochi. Its primary offerings include ground transportation, customs clearance, warehousing and distribution, project-based logistics and freight administration. Hero Honda, Siemens, Tata Motors and many other big-name companies are some of their clients. Some features of Atlas Logistics that make it one of the top logistics companies in Kochi are listed below: It provides many value-added services such as handling hazardous materials, insurance and more.It provides warehousing solutions and has a vast storage network.It offers distribution facilities across the country.It provides a wide variety of on-ground road and rail transportation methods.It has multiple supply-chain solutions to aid in streamlining the shipping and fulfillment process. Suggested Read: The top logistics companies in Tamil Nadu. Conclusion: Streamline Your Retail Logistics With WareIQ’s Services Kochi is an important destination for companies in India due to its large port that facilitates the entry and exit of goods to and from foreign countries, its proximity to large-scale tourist areas and its burgeoning corporate growth. This makes the city an attractive proposition, especially for companies that can take advantage of the city’s unique facilities. There are many logistics companies in Kochi providing a wide range of solutions to various eCommerce requirements. However, they can greatly vary in terms of pricing, quality and extent of their services. If you need a full-fledged logistics company that offers reasonable pricing, consider partnering with WareIQ. WareIQ is one of India’s fastest-growing eCommerce fulfillment companies. We offer a variety of solutions from inventory storage to last-mile delivery and everything in between. Some of the primary services we offer are listed below: We provide a SaaS system for AI-powered inventory management that maintains the proper amounts of inventory and reduces the occurrence of overstocking and understockingWe help with reverse logistics and protect every product with an RTO Shield to safeguard it from any damage brought on by returnsWe offer a range of custom packaging options that let you modify the theme, components, design and more to suit your preferencesWe have a committed group of knowledgeable customer support agents who are on call 24/7 to address consumer inquiriesWe don't have a minimum order requirement, so you can always upgrade or adjust your subscriptions based on your future requirements and you can opt and pay only for the services you need Suggested Article: 10 Best Logistics Companies in Coimbatore for Online and Offline Sellers in 2023 Logistics Companies in Kochi: FAQs What services do logistics companies in Kochi offer?Logistics companies in Kochi generally offer a range of services, including:- Transportation- Warehousing- Inventory management- Customs brokerage- Packaging- Labelling- Order fulfillment- Quality control- Supply chain optimization- Returns management What are the positives of working with a logistics company in Kochi?Working with a logistics company in Kochi can help businesses to optimize their supply chain management, reduce costs and improve customer service. Logistics companies have access to a vast network of carriers, warehouses and other facilities, which enables them to offer a range of shipping options and delivery speeds. How do you choose a logistics company in Kochi?When choosing a logistics company in Kochi, it is important to consider factors such as their experience, reputation, range of services, and pricing. It is also important to ensure that they have the necessary licenses and certifications to operate in the region. Which is the No.1. logistics company in Kochi?This will totally depend on your requirements and needs but here are the recommended ones as per services and reviews;1. Albatross Shipping2. WareIQ Logistics3. MINT How much do logistics companies in Kochi charge?The cost of logistics services in Kochi can vary depending on the type and scope of services required. Logistics companies typically offer customized pricing based on the specific needs of each customer. What makes WareIQ the best logistics company in Kochi?WareIQ offers a wide range of services encompassing every aspect of eCommerce and we use advanced technology to ensure that every process is carried out smoothly and precisely. We also enable you to select only the services you need so you can save money and resources. What modes and services does WareIQ provide in Kochi/Ernakulam? In Kochi, WareIQ services through roadways, including primary transportation, secondary transportation, expedited transportation, multi-user warehousing, and other additional services related to logistics.

February 22, 2023

Shopify Fulfillment: How to Fulfill Shopify Orders with WareIQ, a 3PL Fulfillment Service in 8 Easy Steps in 2024?

The big challenge for an eCommerce retailer who wants to establish itself in a competitive online market such as India’s is to come up with a product that people want and need and to also be able to market that product so it is visible to the customer base it is meant to target. While most retailers are able to find solutions for these challenges, there is another big challenge that often doesn’t get the same recognition - How can they provide the best shipping experience to customers, at the lowest cost? The answer isn’t complicated because large companies like Shopify offers users integrations with other fulfillment platforms that can help propel their order fulfillment and distribution process. There are a variety of options available and sellers will have to choose one depending on their product type, sales volumes, target market, and budget. Integrating Shopify Order Fulfillment with WareIQ’s WMS offers advantages such as: Utilization of WareIQ's full-stack fulfillment platformFull order tracking and return management facilitiesChoice of multiple courier partnersAdvanced ML-based algorithm that smartly assigns a courier partner based on priorityComplete integration with Shopify store & 20+ other online marketplaces & platformsSmart network design & inventory placementConsistently low shipping costs on all platformsSyncing of previous, current, and future orders What is Shopify Fulfillment? Shopify Fulfillment is a service offered by Shopify Inc. that encompasses important eCommerce logistics fulfillment processes such as picking, packing, inventory management, eCommerce shipping, and distribution. Online retailers who choose to partner with the Shopify Fulfillment Network gain access to a global network of warehouses and fulfillment centers, where inventory is stored securely and the number of units is monitored until they are sold, after which, each order fulfillment is packaged and distributed to the end customer and can be tracked using tracking software tailored for providing a seamless experience to customers. Shopify has created a central fulfillment platform that can be integrated with existing eCommerce fulfillment companies. Online retailers are able to send inventory to Shopify's 3PL fulfillment partners, who in turn take care of any orders that are received and thus, simplify the entire fulfillment process for these retailers, who can focus on promotion and marketing their products to their target consumer base. Shopify Fulfillment verifies every fulfillment center in its network to ensure the provision of a standardized level of quality and efficiency. [contactus_lilgoodness] How Can You Fulfill Orders from Shopify? There are multiple steps involved in partnering with Shopify Fulfillment. The process begins with an application through your admin account, that lists out details about your store and fulfillment requirements and is then reviewed by Shopify Fulfillment. Steps to Partner with Shopify Fulfillment Determining the products You should determine which products from your inventory will be fulfilled and distributed and get them approved by Shopify. Choosing product packaging You can consult with Shopify Fulfillment to determine how you want products to be packaged and if you require customized boxes, stickers, labeling, etc. You can opt for free packaging provided by Shopify Fulfillment services or choose branded shipping to send them your own brand-specific packaging. Determining inventory locations You can choose where and how much inventory you want to store at a specific location and get recommendations from Shopify Fulfillment to locate your products closer to your customers. Fulfilling orders through multiple channels When a customer makes a purchase from any of your Shopify Fulfillment platforms such as your website, Amazon, Instagram, etc., Fulfillment by Shopify will determine which fulfillment partner will pick, pack and ship the order, based on convenience. Using the admin panel to gain insights You can use the admin panel to get insights into the demand for each type of product you offer and their inventory levels, so you can always be ahead of the curb and restock depleted inventory. (Also read how to Continue Selling When Out of Stock on Shopify) A huge advantage that Shopify Fulfillment services offer to its users is the simple and intuitive interface and lack of any complicated and tedious process to be followed. Insights and other indicators can be accessed directly from the admin panel, where any observations or changes to be made, can be accessed in one place. It may not offer the levels of customization that dedicated 3PL fulfillment companies offer but it does include all the information you would need, in order to make well-informed decisions. Fulfillment Services Handled by Shopify Fulfillment Receipt of shipments and storing inventoryPicking of orders in real-time, across multiple sales channelsPackaging of orders with standard packaging or customised packaging, depending on the order typeAutomating the delivery tracking process for both the retailer and customerManaging inventory by recommending the most efficient methods of allocating, supplying, and re-stocking inventory, based on the volume and demandProcessing of returns and taking care of the exchange process by verifying the condition of goods and adding them back to the inventory count You can read our blog on shipping aggregators to understand the importance of partnering with top 3PLs who provide these services. Suggested Read: List of top Shopify Shipping Apps Benefits of Using 3PL Fulfillment Services with Shopify for Retailers in 2023 Multi-Channel Fulfillment By partnering with a 3PL fulfillment company, you open your business up to the possibility of fulfilling orders from multiple online selling platforms, in one centralized location. Orders and inventory levels are synced across each and a change made in one will instantly reflect on all. This aids in a more seamless experience compared to juggling multiple accounts and passwords. Cheaper and More Transparent Pricing Opting to use Shopify’s fulfillment services can be quite expensive and if you operate on a tight budget, it can be difficult to manage all the different costs associated with running an online company. However, 3PL retailers offer much more simple and more transparent pricing, without reducing any of the features or quality of their services. Custom Packaging Services Shopify has strict rules and regulations when it comes to packaging and orders are usually packaged with Shopify-specific packaging. While you need to not worry about the quality and security of your orders, it can take away valuable brand imaging from your company when a customer receives their order with Shopify packaging. 3PL fulfillment companies sort this out by providing multiple options to customize your packaging with different themes, materials, and styles so that you can make sure your brand is at the front and center for every unboxing experience. Order Management Services 3PL companies usually have custom order management software to aid in the ease of use for order management, across multiple channel-selling platforms, which is something that Shopify’s offering cannot do. Retailers can also get access to advanced order tracking facilities to mitigate any unwanted errors or delays. Inventory Management Services Most 3PL fulfillment companies offer highly advanced Warehouse Management Software (WMS) that assists in providing automated, efficient, and standardised inventory management processes across all of their warehouses and fulfillment centers. This helps their customers better manage and forecast their inventory according to present and future demand. Nationwide Network of Fulfillment Centers 3PL companies offer a nationwide network of fulfillment centers and warehouses so that retailers can choose to store their inventory according to different factors such as areas of high demand, proximity to transport facilities, proximity to their manufacturing units, etc. Ultra-Fast Shipping These days, 2-day, same-day, and even 10-minute shipping have become the norm. Most 3PL companies offer a variety of different shipping methods and speeds, all at much lower prices than Shopify’s fulfillment service. You can hop on the bandwagon to ensure that your customers are never left waiting long periods of time to receive their orders. 8 Easy Steps to Integrate WareIQ, 3PL Fulfillment Service with Shopify in 2023 Retailers who opt to integrate WareIQ with Shopify will instantly get access to a host of facilities such as a nationwide network of fulfillment centers, consolidated order details in one place, choice of courier partners, and integration with 20+ other online selling platforms. Integrating Shopify Fulfillment with WareIQ WMS can be done in 6 easy steps: Step 1: Go to WareIQ's WMS Dashboard and Click on the Hamburger Menu in the Top Left Corner Step 2: Click on the “Account Settings” Option Step 3: Click on the “Add Channels” Option Step 4: Select the “Shopify” Option as the Website Builder Note: After selecting it, you will get the following popup: “You are required to enter your Shop Domain”. Select the “Yes” option to include tax in the item price. Unselect the “Create products Automatically” option and select the “Add Channel” option. You may read more about how to sell on Shopify here. Step 5: Enter the Shop Domain of the Shopify Account of Your Online Store in the “Shop Domain” Option Note: Please enter this in the “Shop Domain” field. You can open your Shopify account in another tab to easily copy the Shop Domain. Log in to Shopify.com using your registered email & password for Shopify. Once you log in, the URL is your Shopify domain. For example, in the image below, the selected portion in the URL is your Shop Domain - "wareiqtest" Step 6: Enter the Shop Domain in the “Shop Domain” Option After adding Shop Domain in the pop-up, select the “Yes” option to include tax in the item price. Unselect the “Create products Automatically” option and select the “Add Channel” option. Step 7: Install WareIQ App on Shopify After clicking on "Add Channel" in WareIQ WMS, click on the “Add Channel” option. You will be redirected to Shopify Log in using your Shopify admin credentials and click on "Install app" on Shopify Click on Apps in the left side navigation bar after you have logged into Shopify. You can see the list of all apps you have installed already Click on “Create an App” & you get a pop up to fill up App Name & App Developer’s email ID Fill up the App name as WareIQ & add the app developers ID to install WareIQ as one of the apps. Step 8: Select the Location to Integrate the Shopify Store Successfully Go to WareIQ's WMS again & select the required location and click on the “Submit” option You have successfully integrated Shopify with WareIQ WMS & are ready to fulfill orders on Shopify with WareIQ. Read More: All about Shopify Websites Top 5 Fulfillment Companies for Fulfilling Orders on Shopify in 2023 WareIQ Source WareIQ is a category-defining, best- in class full-stack eCommerce fulfillment tech platform (with inbuilt inventory planning, order management & shipping system) for modern brands to accelerate online sales/ expedite revenue growth & profits with same/next-day delivery. We at WareIQ can help with Shopify fulfillment Services. We not only help you reduce your logistics costs but also your delivery timelines – this could be the game-changer your business needs! WareIQ offers centralised tech platform for your entire eCommerce operations ML-based prediction engine for efficient warehouse network design & smart inventory placementCentralised platform for core fulfillment & shipping operationsPost-shipping apps for a delightful experience & zero to minimum supply chain leakages Deliverr Source Deliverr is an eCommerce fulfillment company that was founded in 2017 in the United States of America. They offer integrations with eCommerce marketplaces, such as Amazon, Walmart, Shopify, eBay market, and many others. It offers 2-day delivery services and express delivery badges. It has a network of strategically placed warehousesIt offers a 2-day delivery service for 95% of shoppers in the USIt offers transparent and affordable pricing Amazon Multi-Channel Fulfillment (MCF) Source Amazon Multi-Channel Fulfillment (MCF), is one of the many services that is offered by Amazon. It is a fulfillment service primarily targeted at brands that sell outside of the Amazon Marketplace. It offers varying shipping options in addition to the conventional same-day and 2-day delivery services. It offers an extensive fulfillment network that is built with Amazon’s comprehensive eCommerce infrastructureIt offers multiple delivery services, such as next-day and 2-day shippingIt offers simple and transparent pricing with competitive rates that are marginally more expensive than FBA FedEx Fulfillment Source FedEx Fulfillment is one of the many services offered by FedEx. It is a world-renowned third-party logistics (3PL), contract logistics services provider that offers storage, fulfillment status, and order fulfillment services. They have a vast amount of experience and offer a global network of fulfillment centers and shipping facilities. It offers international shipping servicesIt consists of more than 600 facilities in the US and CanadaIt offers to ship pre-ordered items that don’t need to be stored eFulfillment Service Source eFulfillment Service (EFS) is a fulfillment company that was founded in Michigan, in the United States of America. It primarily seeks to cater to small to mid-sized eCommerce retailers, as they don’t require order minimums or long-term contracts. It offers cross-docking capabilities for crowdfundersIt provides a 30-day test option for their servicesIt offers competitive and transparent pricing and doesn’t consist of any long-term storage feesIt offers services such as competitive product storage, order fulfillment, and returns handlingIts web-based software allows sellers to view inventory, check orders and shipments, and request additional services or support Conclusion: How can WareIQ’s Shopify Integration Help Your Business? There are many different aspects of an eCommerce business that contribute to the overall success in the online marketplace that it is competing. A major one is having access to a global fulfillment infrastructure and state-of-the-art technology. Integrating your WareIQ fulfillment platform with Shopify Fulfillment gives you access to these facilities and much more. WareIQ is a best-in-class, full-stack technology fulfillment platform that assists its customers in stepping up their eCommerce services to their customers. From the complete fulfillment process to providing your customers with grade-A experience, we are guaranteed to help your business offload your logistics requirements effortlessly, reduce costs, and increase overall customer satisfaction. WareIQ was established in 2019 and has emerged as one of the leading eCommerce fulfillment companies in India. Making use of our highly advanced technology platform, we offer a wide range of services that encompass any and every requirement that you have in terms of eCommerce order fulfillment. A few of the services that we offer are listed below: Nationwide Network of Fulfillment Centers We offer a pan-India network of warehouses, micro fulfillment centers, and dark stores that enable users to choose which storage solution works best for their requirements. Additionally, we offer intelligent inventory-placement suggestions to store your products in fulfillment centers that are located in proximity to areas of high demand and transit hubs. Custom WMS We provide custom Warehouse Management Software (WMS) that integrates with every major eCommerce marketplace. Users can track their inventory across multiple fulfillment centers and automate many warehouse management tasks to mitigate errors and increase speed and efficiency. App Store We offer an easy-to-use and well-designed app store where users can choose from a variety of applications to boost productivity across departments, that can easily be downloaded and installed with the click of a button. You can check this if you are looking to know more about Shopify Applications for online stores Choice of Shipping Aggregators We have partnered with more than 20 of the most renowned courier services in the country and automatically assign the fastest and most cost-effective shipping service for each order so that orders will always be fulfilled in the shortest time while spending the least amount of money. [signup] Suggested Read: 10 Ways To Execute Shopify Speed Optimization Effectively in 2023 Shopify Fulfillment: FAQs What is fulfillment in Shopify or Fulfillment by Shopify? After your customer orders online, the ordered items are picked, packed, labeled, and then delivered by Shopify and this entire process is known as Shopify fulfillment. Does Shopify offer fulfillment?Yes. Infact, fulfillment services offered by Shopify are amongst the best. Shopify Fulfillment Network offers a dedicated network of fulfillment centers to retailers who run a Shopify store that offers timely deliveries, lower shipping costs and customer satisfaction. What are the disadvantages of using Shopify fulfillment?The only service that Shopify fulfillment doesn't cover is multi-channel fulfillment. If Shopify sellers sell on other marketplaces as well, they would have to do it on their own or reach out to a 3PL fulfillment partner like WareIQ which offers a horizontal & full-stack OMS & WMS platform that integrates easily with 20+ marketplaces like Amazon, Flipkart, Myntra etc. & website builders like Shopify, Magneto, WooCommerce etc. How do I use a Shopify fulfillment center?This is quite easy. Firstly, you have to add the Shopify Fulfillment Network app to your app store or play store and choose which products you want Shopify to fulfill. You then need to share your inventory details with the relevant fulfillment centers and Shopify will take care of the rest. Does Shopify provide warehousing?Just like Amazon, Shopify also relies on a network of 3PL warehouse providers to carry out their plan with storage operations. WareIQ is one of those 3PL providers that offers a huge network of warehouses & fulfillment centers across India. Every Shopify seller can store their inventory in warehouses closest to their customers & offer the fastest delivery in 1-2 days. Does Shopify automatically fulfill orders?Yes, orders received at the store are fulfilled automatically.

February 22, 2023

Enabling Wellify (Piramal Group) to boost sales by 7x with just a 2x increase in inventory in 1 year

WareIQ's smart fulfillment solution unlocked easier and faster multi-channel fulfillment operations for Wellify, an in-house D2C initiative by Piramal Group, essentially leading to a higher ROI

February 18, 2023

eCommerce Packaging: What is its Significance and How to Optimize Costs?

Packaging is going to be very important in eCommerce logistics in 2023 for several reasons: Increased e-commerce sales: With the continued growth of e-commerce and online shopping, the demand for packaging materials and services will also increase. This is particularly true as more people are shopping online due to the pandemic, and this trend is likely to continue. Personalization: Customers expect a personalized and unique shopping experience, and packaging is an important part of that experience. Personalizing and customizing packaging can create a memorable brand experience and increase customer loyalty and repeat business. Brand differentiation: With more e-commerce companies vying for customers, packaging can be used as a way to differentiate a brand and make it stand out from the competition. Safety and security: As e-commerce logistics become more complex, the safety and security of packages during transit will become increasingly important to ensure that products arrive in good condition. Cost and efficiency: Packaging costs and efficiency are becoming increasingly important as e-commerce companies seek to control expenses and streamline logistics processes. Automation and new technologies are being developed to help companies reduce costs and improve efficiency. What are the Factors that Govern Packaging? When deciding on packaging options for logistics, several factors should be considered: The type of product being shippedThe distance and mode of transportationThe handling and storage conditions during transitThe cost and durability of the packagingThe packaging regulations and requirements of the destination country It is recommended to consult with a packaging expert or conduct testing to determine the most suitable packaging option for your specific product and logistics needs. Factors That Affect Packaging Product type, mode of transportation, storage conditions, packaging durability, and packaging regulations all play a role in determining the most suitable packaging option for eCommerce logistics. Product type: The type of product being shipped can determine the necessary level of protection needed during transit. Different types of products may require different types of packaging for eCommerce logistics.Perishable items, like food or plants, may need temperature-controlled packaging and insulated liners to maintain freshness.Fragile items, such as glassware or electronics, may require extra cushioning and reinforcement to prevent damage during transit.Items with irregular shapes, such as furniture or artwork, may require custom-fit packaging or additional wrapping to protect them during transit.Clothing or other soft goods can be packaged in folded or rolled format and shipped in boxes or poly mailers.Hazardous materials, such as chemicals or batteries, may require special packaging and labeling to comply with regulations for safe transportation.It's important to consider the specific product requirements and regulations for packaging and shipping before making a final decision. Mode of transportation: The mode of transportation can affect the amount of shock and vibration that a product may be exposed to during transit. Packaging materials and designs may need to be adjusted accordingly to provide sufficient protection. Storage conditions: The storage conditions during transit can also affect the type of packaging required. For example, if a product is going to be stored in a cold or hot environment, packaging materials and designs may need to be adjusted accordingly to maintain the product freshness. Packaging durability: The durability of the packaging is another important factor to consider. When shipping a product repeatedly or for a long distance, durable and reusable packaging may be more cost-effective than disposable packaging. Packaging regulations: There are certain regulations and requirements for packaging that must be followed, depending on the destination country. These regulations can vary depending on the type of product being shipped, and it is important to ensure that the packaging used complies with these regulations to avoid any delays or fines. By considering all these factors, you can determine the most appropriate packaging option for your specific product and logistics needs. And it's always good to consult with a packaging expert to make sure that the packaging you choose is suitable for your product and the shipping conditions Example: An example of how product type, mode of transportation, storage conditions, packaging durability, and packaging regulations can affect eCommerce logistics packaging is the shipment of fragile and expensive glassware from the United States to Germany. Product type: The glassware is fragile and requires extra protection to prevent damage during transit. Mode of transportation: The mode of transportation will be by air freight, which can expose the glassware to more shock and vibration than if it were shipped by ground. Storage conditions: The glassware will be stored in a warehouse before being shipped, and the warehouse has a controlled temperature and humidity. Packaging durability: The glassware is expensive, and the packaging needs to be durable enough to be reused for multiple shipments, this will decrease the packaging costs in the long run. Packaging regulations: The packaging must comply with the regulations set by authorities such as FSSAI To meet these requirements, the glassware will be wrapped in bubble wrap and placed in a durable and reusable wooden crate. The wooden crate will be able to withstand the shock and vibration of air transportation and provide extra protection for the glassware during storage. How to Calculate Packaging Cost? Calculating the price of packaging in logistics can be a complex process that depends on various factors such as the type of product, the volume of the shipment, the type of packaging, and the cost of materials and labor. One way to calculate the price of packaging is to use the following formula: Packaging cost = (Cost of materials + Cost of labor) x Quantity The cost of materials includes things like boxes, tape, labels, cushioning materials, and any other materials used to package the product. The cost of labor includes the time and wages for the employees who are responsible for packaging the product. Another way to approach the calculation is to use a packaging cost per unit of product. This method is useful when you have a large number of items that are similar in size and weight. You can calculate the cost per unit by dividing the total packaging cost by the number of items. Packaging cost per unit = Total packaging cost / Number of items It's also important to consider the cost of packaging for transportation, for example, if you're using a pallet, you need to consider the cost of stretch wrapping, shrink wrapping or strapping. When considering the cost of packaging, it's also important to take into account the cost of any potential damage or returns that may occur due to inadequate packaging. By investing in appropriate packaging, you can decrease the risk of damage and returns, which can ultimately save you money in the long run. It's always good to consult with a packaging expert or conduct testing to determine the most cost-effective packaging option for your specific product and logistics needs. Example: An example of how to calculate packaging cost in Indian Rupee (INR) in eCommerce logistics is for a small e-commerce company that ships 200 units of a single product per month. The product is a small electronic device that requires special packaging to prevent damage during transit. The company uses the following materials for packaging: Corrugated boxes: ₹5 per boxBubble wrap: ₹2 per footTapes: ₹1 per yardLabels: ₹0.50 per label The company pays its packaging employees ₹1000 per hour, and it takes them 30 minutes to package each unit. The cost of materials for packaging one unit is: Corrugated box: ₹5bubble wrap: ₹4 (2 feet are used per unit)Tapes: ₹1 (1 yard is used per unit)Labels: ₹0.50 The cost of labor for packaging one unit is: (₹1000/60) * 30 minutes = ₹500 The total cost of packaging one unit is: ₹5 + ₹4 + ₹1 + ₹0.50 + ₹500 = ₹510.50 The total cost of packaging 200 units is: ₹510.50 x 200 = ₹102,100 So the packaging cost per unit is: ₹102,100 / 200 = ₹510.50 This is just an example, in reality, the cost of packaging can vary greatly depending on the product, the volume of the shipment, and the cost of materials and labor. It's always good to consult with a packaging expert or conduct testing to determine the most cost-effective packaging option for your specific product and logistics needs. How to Optimize Packaging Cost? Optimizing packaging costs in eCommerce is important for several reasons: Cost savings: By reducing the cost of packaging, eCommerce companies can increase their profit margins and become more competitive in the market. Environmental sustainability: By using eco-friendly packaging materials and reducing waste, eCommerce companies can improve their environmental footprint and appeal to customers who are environmentally conscious. Brand reputation: eCommerce companies can create a positive brand reputation by providing high-quality packaging that is both protective and visually appealing. Additionally, by using eco-friendly packaging, companies can appeal to consumers who are environmentally conscious. Shipping cost reduction: By optimizing the packaging design and materials, eCommerce companies can reduce the size of the packages and the weight of the products which will result in reduced shipping costs. Customer satisfaction: By providing adequate protection for the products and creating a positive customer experience through personalized packaging, eCommerce companies can increase customer satisfaction and loyalty. Compliance: By staying up to date with packaging regulations and industry standards, eCommerce companies can avoid costly fines and penalties. Overall, optimizing packaging costs in eCommerce allows companies to increase their profits, improve their environmental footprint, and enhance the customer experience while staying compliant with industry standards. eCommerce companies can optimize packaging costs by implementing the following strategies: Conduct packaging assessmentsUtilize cost-effective packaging materialsOptimize packaging designUse automation and technologyOutsource packagingReuse and recycle packaging materialsNegotiate with suppliers Here is an example: Let’s take the example of an e-commerce company that sells clothing. They currently use branded boxes that cost ₹150 each, custom tissue paper at ₹2 per sheet, and custom labels at ₹1 each. They ship 500 units per month. Using the above tactics, here is what they do: Conduct packaging assessments: The company conducts regular assessments and evaluations of its packaging materials and methods. They find that the custom-branded boxes are costly and the tissue paper is not necessary for the product. Utilize cost-effective packaging materials: The company switches to using plain, unprinted corrugated boxes at ₹100 each. They also switch to using biodegradable bubble wrap at ₹2 per foot instead of traditional plastic bubble wrap at ₹5 per foot. Optimize packaging design: The company implements void-fill materials such as biodegradable loose-fill peanuts at ₹1 per 100g to take up less space in the box. This reduces the size of the boxes needed, resulting in cost savings. Use automation and technology: The company invests in an automated box-sealing machine to improve efficiency and reduce labor costs. Outsource packaging: The company outsources packaging to a third-party logistics provider that specializes in sustainable packaging solutions, which helps them to take advantage of economies of scale and specialized equipment. Reuse and recycle packaging materials: The company implements a recycling program for its packaging materials. They also use returnable packaging, such as crates, for multiple shipments. Negotiate with suppliers: The company negotiates with suppliers to get better prices for packaging materials and buys in bulk to take advantage of volume discounts. It's important to note that this is just an example, and the actual costs and savings will vary depending on the specific materials, methods, and logistics involved for each company. How can WareIQ help? WareIQ is a rapidly growing eCommerce fulfillment company that provides a vast amount of services to meet every requirement that online sellers can have. We support eCommerce brands by providing them with the exact packaging requirements needed to fulfill their orders safely and securely. At the same time, we ensure we adhere to the guidelines shared with us by brands and create a delightful unboxing experience for their end customers. We use a variety of packaging materials - air wraps, bubble wraps, foam sheets, heavy-weight kraft paper, etc. and can customize packaging as per the online seller's specifications in order to balance cost, safety, and experience. For brands across categories, we have curated kits and created combos by themes and specific use cases, which included thank you notes, cards, branded packaging etc. all aimed to excite and delight the customers.

February 18, 2023

WareIQ | Up to Speed | Latest Product Updates & News | Newsletter Issue #6

Welcome to the 6th issue of Up to Speed - WareIQ's newsletter outlining the latest releases. This time we have a big release lined up for you. This is going to change the game, especially if you are a marketplace or house of brands. New Release: WareIQ Seller Panel We understand how difficult it is for marketplaces and house of brands to manage their portfolio of sellers/merchants/brands. Everything, right from onboarding to performance management to payments and reconciliations, and all the things that fall in between these, are full of hassle, eating away productivity and efficiency crucial for optimum performance. Our latest release is focused on WareIQ Seller Panel - the 360-degree solution for marketplaces and house of brands. It is a powerhouse of smart features that simplifies seller management, automating a significant chunk of usually broken or inefficient processes, leading to cost-saving and time-saving. Here's a brief look at what WareIQ Seller Panel can do for you. Manage your Marketplace with Ease Efficient Inventory Management Consolidate inventory across sellers through real-time inventory sync across various WMS platforms and manage listings on marketplaces efficiently. Catalog Management for Marketplaces Enable sellers to seamlessly manage their catalog of products and pricing on your marketplace with WareIQ Seller Panel. Built-in Order Management Capabilities Sellers on your marketplace can utilize WareIQ Seller Panel as an OMS to route orders and split invoices, as needed. Simplify Returns and Cancellations Our seller panel allows marketplaces to manage returns and cancellations directly from the platform, including partial cancellations and partial returns. Automated Seller Payments Leverage WareIQ Seller Panel as an end-to-end hassle-free payment solution to process payments for sellers on your marketplace in an automated fashion. Aggregated & Individual Performance Overview Our seller panel allows marketplaces to understand the performance of sellers and sellers to understand the performance of their individual brands. Run Operations for your House of Brands Efficiently Order Processing for Multiple Brands Route and allocate orders for multiple brands in a seamless fashion, with each order automatically mapped to the right brand. Sync Inventory Across Brands Use a common inventory pool to capture orders from across the online stores/websites of all the brands under your portfolio. Analyze the Performance of Brands Get a brand portfolio-level performance overview, along with individual performance assessment for each brand to devise data-backed business strategies for future growth. Automated Branded Communications Engage customers with automated communications (Tracking Page, Email, SMS, WhatsApp etc.) with brand guidelines of the right brand in your portfolio.

February 18, 2023

What is Seasonal Demand Forecasting? The Necessity for eCommerce Companies to Forecast Seasonal Demand and 7 Ways to Predict it in 2024

Some products may increase or decrease in demand depending on the season; this variation is known as seasonality. Therefore, the need for some products might experience significant peaks and valleys due to this phenomenon, making inventory monitoring extremely difficult. When Americans shop most of the time during the holidays, most industries experience a massive increase in demand. 45% of survey participants who planned to spend more than $100,000 this holiday season planned to indulge, according to a McKinsey study. Seasonal items need to be carefully managed to account for any events or trends that could affect their popularity. Even though it may seem unpredictable, businesses can manage these changes by fine-tuning their seasonal demand forecasting with reliable estimates. Product demand forecasting is one of the most critical responsibilities for eCommerce organizations to optimize inventory management. The B2B, B2C, and DTC sectors fall under this category. Demand forecasting traditionally uses an algorithm to examine historical sales data to anticipate future sales. However, a characteristic that might be challenging to forecast—seasonality—complicates this projection. 126" measures can significantly impact inventory averages and are more challenging to identify. As a result, forecasting seasonal demand might resemble tossing darts into the dark and praying they land close to the board for most eCommerce firms. The guessing games associated with predicting seasonal demand can be put to rest for eCommerce firms with suitable forecasting approaches, processes, and technologies. Learn how to improve your eCommerce business, handle seasonal requests, and drive development. What Exactly is Seasonal Demand? A time series having recurring or predictable patterns of demand as a result of seasonal events is said to have seasonal demand. These patterns frequently make it more difficult for firms to predict demand correctly because they might recur over days, weeks, months, or quarters. In India, examples of seasonal demand include religious holidays like Deepawali, Christmas, or Ramadan, yearly celebrations like Valentine's Day or Friendship Day, and seasonal weather patterns like snow in the winter and a scorching environment in the summer. This all is taken care of separately under the fulfillment strategy for the holiday season. [contactus_uth] What Does Seasonal Demand Forecasting Entail? One of the trickiest aspects of your inventory management systems to master is seasonal demand forecasting. It's annoying to say, but it happens every year: a product's demand will be consistent throughout the year, but then, out of the blue, you'll notice orders soar or collapse. Of course, you are not alone in your challenges, so rest assured. Additionally, we have some guidance from a top professional to assist you in handling your forecasts. Inventory teams use seasonal demand forecasting to track the peaks and troughs in demand that particular products experience throughout the year. For instance, demand for traditional gifts will spike sharply before Christmas but decline quickly. While organizations may be aware of seasonal demand variations, controlling them can frequently be more difficult. Additionally, the entire supply chain may be impacted promptly if seasonal demand is not considered early in the ordering cycle. Why is it Necessary for eCommerce Companies To Forecast Seasonal Demand? Understanding the seasonal ebb and flow of product demand is essential for every eCommerce firm. However, this procedure is simple in some circumstances. For instance, a company that sells Christmas confectionery will anticipate a rise in sales as the holiday season approaches. This inevitably means that they will require a unique holiday inventory plan. However, seasonality can also be far more complicated in other situations. For instance, it might be more challenging for an online retailer of flower seeds to identify distinct seasons when sales will rise. Seasonal demand may cause severe problems with inventory planning depending on where the purchasers are located, the weather that year, and the market for specific flower species. Nevertheless, predicting seasonal demand is essential to an online company's profitability. Based on seasonal demand insights, brands can: Include future labour requirements.Model ideal supply levels based on the season and plan effective advertising campaigns.Make plans to address supply chain issues. Why is Forecasting Seasonal Demand So Complicated? The difficulties retailers have with forecasting are suggested by the following instances. The following are some difficulties in predicting seasonal demand: Seasonal Peaks and Short Life Cycles It is too late for a retailer to fix a seasonal forecast issue. The seasons and lifecycles of seasonal products should be longer to make changes. Due to inventory constraints, retailers either lose sales and consumer satisfaction or must make significant and expensive markdowns. Suggested Read: How to prepare for Peak Season Shipping in 2023? Seasons Vary From Year To Year Product seasons frequently don't adhere to exact patterns year after year. In addition, other lunar holidays, like Easter, can occur on different days, weeks, or even months. In truth, some events only take place in specific years. It could be more reliable and result in an unexpectedly expensive sales season to forecast seasonal products using historical sales data. No Previous Sales Data The seasonal schedule for this year varies from previous years, more often than not. For instance, evolving consumer tastes necessitate brand-new Halloween costumes every year, fresh seasonal goods, or even entirely new product lines that are popular this season. Retailers may need to make planning decisions in the dark with previous data. Concealed Seasonality There are occasions when a product category doesn't typically peak during a certain period of the year yet has specific products whose demand does. Because they are not obvious candidates for seasonal products because most retailers don't operate at the product level, products that you would ordinarily consider evergreen may experience sales increases. For instance, even though electrical products might not initially seem to be Christmas-related, demand for power bars increases over the holiday season. Retailers lose sales because more product is needed to satisfy demand. How Can Seasonal Demand Forecasting Help You Increase Your Competitiveness? Businesses needing help to predict seasonal demand effectively frequently need help with their stock levels. They risk stockouts and lost revenues during periods of peak demand if they underestimate. Additionally, if they overestimate, companies can avoid having extra inventory at the end of a season that needs to be sold off. As a result, if you can predict seasonal demand precisely, you'll have an advantage over your rivals and enjoy the benefits. They are listed below: Leverages Seasons of Increased Demand By planning for seasonal variations, you can ensure you have enough stock to capitalize on spikes in product demand throughout the year's busiest seasons. However, you primarily rely on your busy seasons to generate revenue. In that case, you must be at the top of your game and provide the best possible product availability throughout these times. Prevents Having Too Much Stock Additionally, avoiding overestimating seasonal demand variations in your estimate is crucial. Instead, it would be best if you made the appropriate inventory investments to maintain a healthy balance sheet and flowing cash flow. By preventing surplus stock at the end of a season, you avoid deciding between selling it off at a loss or bearing the weight of high carrying costs while waiting for demand to pick up again. Places Orders and Notifies Suppliers in a Timely Manner It's simple to overlook how crucial it is to prepare your suppliers ready for changes in seasonal demand. Intelligent companies will collaborate closely with their suppliers, letting them know precisely what they need and giving them plenty of time to respond. In addition, your suppliers can help ensure deliveries to satisfy consumer demand by scheduling orders in advance. Makes Wise Stock Selections You can optimize stock levels and make informed judgements on safety stock levels and replenishment procedures with realistic demand estimate that take seasonality into account. How Can Seasonal Demand be Predicted in 2023? Forecasting seasonal demand is a continuous activity. Your requirements may alter annually depending on the best-selling items and even what goods consumers require at any particular time. You can, however, employ several techniques to enhance your seasonal demand forecasts. They are listed below: Identify The Products Whose Demand Is Affected By The Season Source Remembering seasonality only relates to the percentage of demand variation explained by a recurring pattern is crucial. As a result, you need to find demand patterns that regularly occur over time. Consider these inquiries while analyzing seasonal demand for each stock item: Do you notice a consistent demand pattern over time? If there is a seasonal pattern, you can rely on it by analyzing the association between each year.Are you sure that the shift in demand is a seasonal variation rather than merely a long-term increasing or decreasing trend? De-seasonalize the demand by, for example, ignoring the seasonal pattern and determining whether demand is still rising.Does the seasonal demand require a different approach to the product? Examine the variance's amplitude. Know the Seasons of Your Customers Source Make sure you thoroughly understand your clients' seasons as you get ready to estimate seasonal demand effectively. When should you stock up on those essential supplies? For instance, in 2021, Christmas gift-buying began as early as the end of October. Even in regions where students might return to school in mid to late August, almost 59% of back-to-school expenditure may occur before the end of July. Learn about the seasons of your clients and how they have changed. For example, many people have started shopping earlier due to adjustments related to the pandemic to avoid supply chain issues and shortages that could prohibit them from receiving their essential supplies. In addition, many individuals instinctively begin planning and purchasing early for significant seasons and changes. Therefore, a key component of forecasting seasonal demand is understanding the seasons of your clients. Predict Those Peaks' Respective Sizes About Average Demand With Accuracy Source Before employing it in a forecast calculation, you should alter the demand if an item's seasonality is significant. To keep the data precise and straightforward for future forecasting, it is best practice to keep seasonal demand and other variable components distinct from your base demand estimates. Keep an Eye on Your Supply Chain Source It's crucial to consider your supply chain when you predict seasonal demand and client needs. In many circumstances, you need to account for longer-than-usual shipment durations or more work for shipping professionals, which could cause shortages. You can better meet client needs and ensure you're ready for upcoming sales increases by paying close attention to supply chain difficulties. Describe Current Trends in Your Reporting Source Looking at historical seasonal demand, you can get a fair indication of what sales might be like in the current year, but it needs to tell the complete story. Current trends, shortages, and consumer needs can significantly impact spending and the inventory you may need on hand. For instance, during the years of the epidemic, technology sales increased, which surprised many businesses. Many homes made investments in technology to make it easier for parents and workers to connect digitally. During stay-at-home orders, when more people chose comfortable clothing and athletic gear over the typical office trends, fashion sales also changed significantly. You can more accurately predict the anticipated shape of sales for the upcoming season and better manage your inventory by integrating information about current trends in your seasonal demand forecasting. Recognize the Degree of Uncertainty Surrounding the Predicted Peaks Source A demand forecast is rarely 100% correct, especially when seasonality is included, because markets are more dynamic than ever. It is crucial to take your forecast's accuracy into account. Finding demand outliers and looking into how they affect your calculations is only one method for increasing forecast accuracy. Calculating forecast error can also determine the degree of mistake in your earlier demand projections. This allows you to account for it in subsequent ones and modify stock rules, such as safety stock levels or reorder points. Streamline the Procedure Source You should automate the process of estimating seasonal demand wherever feasible. What you need is software that will examine current patterns and directions, previous seasonal shifts, and other data about your overall sales and incorporate that data into thoroughly examining what your seasonal needs will probably include in the upcoming year. Automating the process can eliminate the uncertainty surrounding your seasonal inventory requirements. Your platform can inform you of what you need when to order it, and whether you need to make adjustments to your plans in response to supply chain problems or look for new suppliers for some of the raw materials you require. By automating the procedure, you can also be sure that you'll get important reminders when it's time to order seasonal goods—a process that, this year, might need to be started earlier than usual. Conclusion: Utilize WareIQ To Anticipate Seasonal Demand If predicting seasonal demand still seems complicated, consider investing in inventory optimization solutions. You can save time and avoid the headache of manually calculating seasonality and forecasting demand with the help of automation solutions. With the help of these automation technologies, you can get up-to-date, precise, and thorough demand forecasts that consider seasonality, trends, supplier lead times, and delivery dates. The secret to managing seasonal demand changes is accurate demand forecasting. You can obtain precise demand forecasts using WareIQ's unique methodology based on previous sales data and customer purchasing patterns. This enables you to plan your inventory reorders so that you don't unintentionally run out of stock or wind up with too much inventory. WareIQ enables you to track performance down to the SKU level, allowing you to predict which products may experience a spike in demand during particular seasons. You can then focus your inventory planning on a select few items. Additionally, the inventory management software continuously monitors your inventory levels. It uses data analysis to forecast how long the stock will last and when you need to order more inventory. Additionally, the automated reorder point notifications ensure you always remember to place a reorder. One of the best features is that WareIQ provides a full-service fulfillment solution, allowing you to entrust WareIQ with managing and storing your inventory and fulfilling your orders. Additionally, the team will be able to effectively handle seasonal demand spikes if you let WareIQ know about impending increases in order volume. This will save you from having to hunt for last-minute solutions. Seasonal Demand: FAQs What is forecasting seasonal demand?Business owners and managers use seasonal demand forecasting to predict how sales will fluctuate throughout the year or over different seasons. The needs of consumers drastically alter from season to season. Which demand forecasting technique is better suited for seasonal products?The best demand forecasting technique for seasonal products will rely on the nature of your particular industry. However, depending on statistics is frequently the most thorough, dependable, and economical course of action. Regression analysis and trend predictions can be combined with statistical forecasting to forecast demand based on seasonal variations. What is the simplest way to predict demand?Trend projection is the most basic forecasting technique. Your historical sales data is used in this forecasting technique to project future demand and sales.However, as it only considers some variables, depending solely on the trend projection method can result in inaccurate inventory forecasting. This may result in incorrectly detected seasonal trends.

February 18, 2023

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