In recent years, e-commerce has taken the business world by storm. No longer are business owners tied to the inflexible, brick-and-mortar storefronts of traditional retail. All types of industries are utilizing online shops to replace or enhance in-person sales, offering customers better savings and convenience. While online retail simplifies many aspects of running a business, understanding and mastering e-commerce order fulfillment can be challenging. Here are a few things to consider if you’re ready to improve your e-commerce fulfillment processes.
Optimize your inventory management
Accurate inventory management is one of the most essential factors in e-commerce order fulfillment. Without a proper inventory management system, your business is vulnerable to problems such as product loss, theft, and inaccurate or late orders. Utilizing a well-organized inventory control and tracking system can help online business owners reduce product loss and improve overall customer satisfaction. Many online business owners find that outsourcing warehousing and inventory control to a third-party provider is more cost-effective and convenient for their inventory management needs.
Choose smarter shipping
Today’s shoppers value convenience. If your online business doesn’t offer fast, convenient shipping options, you may be losing potential sales. Studies find that online shoppers will often spend more money when free shipping is offered. Conversely, high shipping costs are one of the most common reasons customers abandon their online shopping carts and fail to complete the sale. Providing free and fast shipping helps online retailers sell more product and can lead to lasting customer relationships. Partnering with a third-party fulfillment company is one way to cut shipping costs. The right fulfillment provider will work with you to select the right shipping method for your product, often helping you secure lower shipping rates.
Accept returns and exchanges
Just as traditional retailers accept returns and exchanges, e-commerce stores should also establish a process for returning or exchanging orders. Providing an easy, hassle-free return experience gives online retailers a competitive advantage, helping to improve consumer loyalty and enhance the online shopping experience.
Enlist help from the pros
As your e-commerce business grows, you may find it difficult to continue completing the above fulfillment tasks in-house. Many firms, including both brick-and-mortar and e-commerce businesses, utilize third-party logistics (3PL) services to outsource their fulfillment needs. By partnering with a 3PL, you can free up more time and energy to focus on core business activities such as development, customer service, and marketing to continue growing your brand and cultivate a loyal customer base.
If you’re looking for an experienced, professional fulfillment service in the Greater Cincinnati area, Ohio Valley Goodwill’s Industrial Services Division is here to help. Our dedicated workforce provides fulfillment, assembly, packaging, kitting services for companies in Cincinnati, Northern Kentucky, and Southeast Indiana, enabling business owners to save time, reduce overhead costs, and improve overall productivity. Our services can be adjusted to scale for projects of any size, allowing firms to remain flexible in the ever-changing business world. To learn more and receive a free tour of our facilities, contact us today.