WAREHOUSING AND FULFILLMENT
In today’s fast-paced world, efficiency is always a priority. Whether it’s the way through which you transact with your bank, order new smartphone, or track a shipment, most of the processes that were once time-eating can now be done at just the touch of a button.
However, as this seamless experience becomes prevalent, it is making a big shift in what companies warehouse services and customers guess from their partners and warehousing and fulfillment service providers.
As expectations related to efficiency surge up, companies are being compelled to rationalize their processes to meet customer demands. This is principally true when it comes to fulfilling e-commerce orders.
In 2019, the difference in funding between the wealthiest 1% of firms and 99% of other companies is as high as it’s ever been. However, it’s the best 1% of companies that have the most impact on customer prospects. Even as many businesses today strive to deliver orders in time to provide 2-day shipping, big enterprises such as Amazon, Flipkart, and Walmart are coming up with next-day or even same-day delivery products.
But, though the resources accessible to these industry pioneers for optimizing their fulfillment policies cannot be fulfilled by the majority of firms, customers are indifferent in that they envisage best-in-class service from all their partners, not just the top ones. As an outcome, small and medium-sized businesses are often compelled into buying costly and uncooperative services such as Amazon FBA to rapidly fulfill orders or compromising in aspects like shipping speed, order transparency, and general quality of service to avert cash lacks. No such option is perfect for long term scenarios.
Over the past few years, the price related to warehousing and fulfillment has not become feasible to manage. In fact, the cost of renting the warehouse area alone surged almost 17% between 2016-2017. Therefore, for the emerging business that discovers their warehouse and fulfillment processes restricted by operational or financial blocks, the question emerges: How can I look after costs while still getting the tools required to support expansion?
Over time, these contests are augmented as businesses appear to expand their system of warehouse locations and augment their reach to a higher number of customers. In recent times, customer expectations for efficiency have further caused a need for expansion.
But while the above given are hard to deal with for any business, the weight has become chiefly harsh for small and mid-sized businesses. Both experience and data signify that much of this burden stems right from a lack of staffing and money. At present, less than half of small or mid-sized businesses have excess cash on hand, and surging interest rates are disheartening many from obtaining loans.
And with the expenses of hiring specialized personnel are set to increase, even businesses with a profitable process model and established product-line are finding it hard to get the resources required for expanding their business and fulfilling customer expectations.
However, with the emergence of on-demand warehousing and fulfillment, available through various providers, many of these once-valuable barriers to growth have been majorly removed.
In today’s competitive industrial landscape, it is necessary for businesses to ensure the timely and proper delivery of products to customers in the most efficient manner. To make this happen, the proper storage of products is of utmost necessity, and this is where the need for a warehouse emerges. Having such a system ensures order accuracy, faster picking and receiving times, and better inventory control.
If you’re also looking for professional Pick and pack warehouse services, here are some of the best reasons that state that these services make a difference to your business. Let’s know-how.
Bring down employee theft
When the logistics industry surges, the capacity of employee theft shoots up. Warehouse-based theft costs the industry as much as $80 billion each year. This is true that employee theft is mainly a grave concern for distributors dealing with the copper pipe, wire, or other reachable and easy-to-sell items of relatively great value. In the worst cases, there are stories of warehouse managers starting their own fraudulent side firms to resell material they wrap from their employers’ warehouses. As wants to blame employees without proper evidence, so a WMS can help management separate precisely what’s gone missing to provide an early warning that employee theft may be happening.
Track employee metrics
Having dedicated warehouse services takes the guesswork out of knowing how perfectly employees carry out their tasks. Managers can utilize this information to recompensed better performers and identify or throw out those who are falling below par. Employees feel authenticated knowing their managers rely on accurate data and not descriptive feedback or insights from others. Some of our customers also use these metrics to promote team building by publicly charting team and individual performance using a conveniently located screen in the warehouse. They discovered that this heartened friendly competition between workers and everyone became more resourceful as a unified team. In many cases, it also helped teams leverage the pace toward the end of each day because they gained visibility to how many orders stayed to be filled.
Another big benefit of hiring warehouse services is that they allow businesses to overthrow the prevailing competition in the industry. For forward-thinking distributors, it is absolutely necessary to plan ahead and stay proactive in regard to adopting technology for better business results.
Enhance warehouse management
A disordered, muddled warehouse leaves a bad impression on possible customers or suppliers. Some distributors choose a WMS because they know that it encourages future partners more likely to work with them. Fearing that your warehouse looks prearranged might seem useless, but it tends to go a long way toward influencing your suppliers and building their trust in you. If a supplier performing a walkthrough notices that your warehouse is a disorderly mess, they’re not supposed to trust you to signify their product well, cater any of their precise requirements, or take orders out the door precisely and on time.
Customer expectations are ceased to increase, promoting further improvements in WMS suppleness to include these requirements. Everyone wants to work in a smarter way, so many big-size distributors are investing in professional warehouse services today when it comes to managing existing customer needs—and become profitable.