Scaling your logistics and Fulfillment Business with the Right Technology.
According to a report by Mordor Intelligence, the logistics market in APAC is set to grow at a CAGR of 5.5% during the period 2019-2024. The emergence and growth of eCommerce has resulted in changing customer demands, faster delivery expectations and a dramatic shift in shopping tendencies. The logistics industry faces newer and more complex challenges now more than ever. This is, in the majority, due to the fact that it actually mirrors the customer behavior. Offering expedited delivery is no longer a privilege but a necessity to survive in this current world of omnichannel retail and one-day delivery.
With the eCommerce world emphasizing on providing a seamless ordering and post-purchase experience, the role of logistics in the entire process is as important as ever. Manufacturers and retailers are now looking at logistics to set themselves apart and build loyalty in this ever-competitive world.
Needless to say, the opportunities are vast and the task is complex. Traditional ways of operation have to be left behind and newer, more modern ways that are highly cost and time-efficient need to be looked at. This is where technology comes in.
Greater Inventory Visibility
In this omnichannel world, lack of inventory visibility can result in irreversible disasters. No one wants to promise a customer next-day delivery only to disappoint them due to non-existent stock.
3PLs today must develop a unified Order Fulfilment System that gives them inventory visibility through a Warehouse Management System for smooth order processing. By efficiently tracking inventory, companies can make accurate forecasts about future demand and can avoid loss of sales due to inadequate stock. WMS can keep you updated with real-time tracking of inventory even when it is in transit, thus giving you visibility everywhere from orders and stock-keeping units to shipments and trucks. This, in turn, lets you optimize your capacities and strengthens the communication between trading partners.
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