The best and worst problem a business can have is being overwhelmed by order growth. It’s fantastic that consumers are interested in buying your product, but your business will suffer if you break customer trust by not fulfilling your shipping and fulfillment promise. When you are overwhelmed by order growth, you lose the opportunity to be fully focused on the growth of your business because you are instead devoting attention to order fulfillment and processing.
The solution to your problem is simple: partnering your business with a 3PL logistics management team and warehouse.
An inventory management strategy can either make or break an e-commerce business. With more products being sold and distributed online, it is crucial to partner with a highly organized logistics management system to avoid future headaches and angry customers.
According to the Bureau of Labor Statistics, there has been an increase of over 1,600 new warehouses in the US (adding up to roughly 10.4% increase). Because instating an inventory management solution can be a lengthy process that will require continuous maintenance and observation, you will need to seamlessly identify your requirements before settling.
Since the dawn of Amazon, the standard for efficient order fulfillment has risen exponentially. Where once two-day shipping was considered a luxury, it has now become a requirement. In an industry where customer expectations rule all, retailers must take on an adaptable 3PL logistics supply chain if they ever hope to beat competitors and secure positive buying behaviors from their audience.
While most manufacturers and logistics supply chains are well versed in the potential calamities associated with order fulfillment and inventory management, every great system can spin out of control. You may venture into new areas, have new vendors, shorter deadlines, and faster manufacturing or distribution operations. At any point in this process, you can easily lose control and visibility into order fulfillment needs.