AIR CARG O WEEK
E-COMMERCE
FIVE FEDEX IDEAS FOR EFFICIENT E-COMMERCE FULFILMENT
“With an average of 23% of e-commerce orders shipped incorrectly, automation can significantly improve accuracy.”
6 F
ulfilment plays a vital role in e-commerce, influencing operational costs
and customer demand satisfaction.
It involves several steps like order processing,
forecasting,
warehouse management, and returns handling, all of which present potential inefficiencies. Any disruptions can negatively affect performance.
Efficient streamlined operations, issues have fulfilment
enhances customer experience. These
prompted ensures reduces costs and FedEx to
develop five ideas of efficient and successful e-commerce fulfilment, which it has published in a blog.
1. Optimise inventory management Effective inventory management
understanding what’s incoming or outgoing, but also knowing the exact location of items throughout Mastering
this various
the supply chain or warehouse. involves managing
factors, and a key starting point is setting par levels, the minimum stock required to meet demand. Staying above these levels helps prevent stockouts while minimising excess inventory. To determine par levels, a basic approach
is to calculate the weekly usage plus safety stock,
replenishment
then divide that by deliveries
sufficient per week. without
the number of This
formula ensures that your stock levels remain
overburdening is crucial
for operational efficiency. It’s not just about tracking current stock levels and
storage. However, there are other important considerations as well, such as expiration dates for perishable goods and seasonal sales fluctuations. Understanding these additional factors allows businesses to fine-tune their inventory management practices.
incorporating can
ensure
By maintaining optimal stock levels and these
variables, a smoother operation,
companies reduce
waste and enhance customer satisfaction by avoiding shortages or surpluses. In the long run, effective inventory control not only lowers costs but also helps businesses meet demand consistently,
improving overall performance and profitability.
2. Automate your processes Automating
fulfilment
businesses larger
to processes scale volumes than boosts
efficiency, speeds up operations, and reduces errors caused by human oversight. Automation enables handling
effectively, manual
processes could support. It also cuts costs and simplifies inventory management. With an average of 23% of e-commerce
orders shipped incorrectly, automation can significantly improve accuracy. For example,
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