Do you know that 17% of consumers won’t shop with a retailer again after receiving one late shipment? If your order fulfillment process is less than streamlined, it’s time to make a change. Order fulfillment without a strategy can lead to significant headaches, wasted time, and excessive cost. Meanwhile, optimizing your order fulfillment operations to be able to fulfil orders faster can benefit you in several ways. Continue reading to discover some top tips to fulfil orders faster.
Invest In A Fulfillment Software
You have to make an investment in your business to improve processes and create growth to fulfil orders faster. Order fulfillment is one area that deserves such an investment. One of the best tips to fulfil orders faster is to get a better understanding of your overall supply chain. Consider investing in a piece of fulfillment software that makes it easy to visualize and optimize your supply chain. Sure, doing so may set you back a few bucks, but not doing so is likely costing you far more.
Identify Your Shipping Capacity
Taking all of these things into account, think about the maximum number of inventories you can send in any given time period. This is important to know because you may get close to maximum capacity as your business grows. As you get close, it’s important to further optimize and expand your fulfillment process so no orders fall through the cracks.
Pinpoint Areas In The Fulfillment Process That Take Too Much Time
Order fulfillment in ecommerce or dropshipping is all about speed. Remember, people are hardwired to crave instant gratification. Moreover, operations that take too long increase your overhead costs because you may need to pay for additional hours of labor. Cut down your operational expenses and get orders to your customers faster by taking the time to carefully review each step of your order fulfillment process. As you review each step, look for any aspect of the process that takes too much time and completely remove them from the process.
Take Your Shipping Options Into Consideration
It’s important to compare all of your shipping options before you decide which shipping carriers you’re going to work with. Keep in mind that shipping companies are in business to make money, and there’s no law dictating what services they have to provide and at what cost. As a result, some carriers offer different shipping methods than others and prices can vary wildly. Note that one carrier might have a lower cost for standard shipping and another may have a lower cost for express. Think about each product you have to offer and look for the most efficient shipping options. You stand to fulfil orders much faster if you play your cards well.
Understand The Relationship Between Incoming Inventory And Fulfillment
Having a detailed understanding of this operation could mean you never run low on inventory and never miss out on sales. It could also mean you’re not paying for valuable square footage to store inventory for excess amounts of time because you ordered a lot. Likewise, if you don’t take the time to learn about the relationship between incoming and outgoing inventory, you may end up with delayed shipments, unfulfilled orders, and missed money-making opportunities.
Seek Out A Fulfillment Partner To Help You Scale
As your business grows, it can become more and more difficult to handle the fulfillment process on your own. The good news is that you don’t have to. There are several fulfillment options out there. When your business has grown to the point of growing pains in the fulfillment process, consider bringing a fulfillment partner in to relieve some of the hassle. That way, you’ll be able to fulfil orders faster.
Plan Ahead For Seasonal Sales Spikes
Prepare yourself for sales spikes. For example, most online businesses can rest assured they’ll experience sales spikes during holiday seasons as consumers purchase gifts for one another. Other businesses may have different seasonal sales spikes. For instance, an online nursery may see a spike in sales at the beginning of spring and another at the beginning of fall. Review your sales trends and get to know when your sales spike. That way, you can prepare ahead before the rush of business comes flooding through your website.
If you haven’t already maximized your order fulfillment strategy, chances are good that you’re going to lose money, sales, and you could be lots of cash. Take full control of your order fulfilment. Although the process might seem cumbersome at first, it’s actually quite easy, and when it’s done, you might be surprised at just how efficient your business has become. With these tips, you’ll be able to reduce your costs, improve your customer satisfaction, relieve countless fulfillment headaches, and fulfil orders faster.
Turn To Us For Your Order Fulfillment Needs!
Do you need a reputable order fulfillment services company for your ecommerce business? Contact us today at Fulfillman. We provide a wide range of services including Global Fulfillment, China Sourcing, Drop Shipping, Third Party Logistics, and lots more. Our trusted experts will be happy to speak with you and provide suitable answers to your questions and concerns. A fantastic experience awaits you.