E-commerce was born as a mere, straightforward online channel for sales and purchases. However, customer expectations for e-commerce have significantly changed the e-commerce fulfillment and competitive landscape over the last few years. The internet has interconnected billions of buyers and millions of sellers in a web of commerce. Online platforms today are crowded with sellers, and the competition is fierce. The movement of goods must be accurate and timely while also ensuring that the quality and condition of these goods are not compromised. The current scale of e-commerce transactions has made the supply chain more complex, and an effective supply chain management system a necessity rather than a luxury to achieve performance excellence in all aspects of the order fulfillment journey.
Here are a few simple tips for optimizing your e-commerce supply chain.
Real-time visibility has never been more critical, given the industry's record-breaking pace of inventory arrivals and departures. Businesses need to know what inventory they have on hand and at what stage of the supply chain it is lying at. According to the Zebra® Future of Fulfillment Vision Study, the emergence of omnichannel logistics requires an average inventory accuracy of 76%, according to manufacturers, retailers, and transportation and logistics companies. For customer satisfaction, businesses must know the real-time status of their total inventory across their whole organization, including fulfillment centers, storefronts, third-party logistics warehouses, and even their vendors.
Recommended: Inventory Management Software
Incorporating the whole risk of stock-outs and lost sales into their total cost of ownership (TCO) calculations, resilient retail players are adopting bold near-term solutions. Automation is a means to improve service levels and reduce the risk of missed sales due to stock-outs in today's age of high absenteeism and attrition. 64% of respondents to a McKinsey survey of supply-chain executives cite warehouse automation as their top digitalization and automation target. Using RFID technology, you can have real-time information on your inventory at all times, thus ensuring the availability status of your products seen by your customers,s will always be accurate. Studies have shown that by leveraging RFID, retail & e-commerce organizations can automate their inventory data and improve accuracy by as much as 30%. Studies have also shown that with RFID, you can replenish stocks in time to avoid out-of-stock situations by up to 50%, thus ensuring that your most popular items are always in stock.
High-velocity e-commerce fulfillment centers require dependable technology-enabled solutions that help speed up their operations while minimizing disruptions and errors in the fulfillment processes. The frontline employees in these supply chain facilities need to be empowered with the right tools to make the fulfillment processes simpler and help in the easier execution of complex orders in collaboration with your supply chain partners. By digitizing their operations and leveraging technologies such as RFID, organizations can significantly reduce the time and associated labor costs across their supply chain.
A strong technological foundation for data aggregation, analytics, and distribution is created by combining rugged, enterprise-grade handheld, wearable, tablet, and vehicle-mounted computers with scanners, RFID technologies, location systems, printers, software, and services. If you are looking to invest in RFID technology, there is no better brand than Zebra. Leading manufacturer of RFID equipment, Zebra has a complete portfolio encompassing rugged, enterprise-grade handheld, wearable, tablet, and vehicle-mounted computers with scanners, location tracking systems, printers, software, and services. Zebra helps you achieve maximum RFID efficiency while minimizing the pains of multi-vendor solutions. Unlike other players, Zebra gives you the industry’s broadest, field-proven RFID portfolio for unmatched accuracy and interoperability. BCI, being a premier partner of Zebra, has extensively used its products with tremendous success across industries. If you are interested in Zebra products, please feel free to write to us at webstore@barcodeindia.com.
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