The global eCommerce market witnessed ten years’ worth of growth within 90 days of the first quarter of 2020.
69% of the online customers will not ship with the retailer if the deliveries are not made within 2-3 days of the date promised.
With the increase in demand, being a professional eCommerce business, you must ensure that the goods are stored in the right condition to deliver quick and reliable deliveries.
eCommerce storage is becoming important, and here are a few storage tips that you can use to increase your profits.
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What is eCommerce Warehousing?
It is the storage of physical goods before being delivered to the customer’s delivery destination. eCommerce is a secure and safe process to ensure that the products are stored safely before being sold and dispatched to the customers.
eCommerce warehousing involves tracking the products when it arrives at the warehouse and checking the quantity and quality of the stored product.
It’s an essential part of logistic operations and requires different resources to manage the overall operations effectively.
You can use different tactics that can maximize the use of eCommerce storage and achieve its desired potential.
7 Ways to Maximize Benefits from eCommerce Storage
1. Invest in the right technology
Integrate the best technology to manage the eCommerce warehousing to ensure it delivers the best-desired results for your eCommerce business. A successful eCommerce business workflow is incomplete without proper route planning or delivery software to help you manage the operations.
You can skip tracking the inventory using an Excel sheet and automate repetitive tasks that can cause delivery delays and human errors.
Upper can manage delivery operations and dispatch your delivery drivers to the desired customer locations. You can get centralized control over the workflow and ensure you can achieve the maximum potential to help you stand out.
Even if you use inventory management software, focusing on the right technology and upgrading your tech stack is important for your eCommerce business growth.
Different inventory management software can help you create real-time reports that can assist you in making better purchasing decisions.
Some inventory management software can also generate and automate the purchase order processing and be aware of the stock drop in the eCommerce warehouse.
Choosing professional software for your eCommerce storage management can streamline your business operation, get more accurate results, and deliver excellent customer experiences.
You can also reduce the eCommerce storage costs and save money on wholesale warehousing by choosing the right technology for logistics and transportation work.
Slight improvements in your existing eCommerce warehouse management can help you manage your storage units, effectively manage storage space, and handle multiple warehouse locations with finesse.
2. Effective product selections
You can use different software to minimize your storage needs and perform quality product analysis for better outcomes.
Focus on which range of your products are hot selling and which are not. Tailor down the product range and optimize your product warehousing.
For example, if you run an appeals business, you can eliminate a few clothing line sizes that don’t sell. You can also remove a few colors and patterns that the customers don’t like to purchase.
These effective product selections and optimization techniques can help you achieve a better business outcome, minimize your operational costs, and smoothen your eCommerce warehousing management.
Analyzing the customer appeal is important to running a sustainable eCommerce business and achieving better warehousing results.
Selling items that don’t even go out of stock once hurts your eCommerce business, eats your warehousing space, and increases the operational expense.
But if you are into selling expensive items, you can ignore the factor of focusing on the bulk sales volume. Only a few can help you achieve equal profits and revenue compared to the bulk sales in the small or mid-segment.
3. Multiple warehousing locations
A single warehouse has a minimum storage space, and if you want to scale your business operations, you must expand your storage unit and choose better eCommerce storage solutions.
Increase your warehousing locations and grow your eCommerce business by storing more products. You require less space in multiple warehouse locations to place more products.
You can also lease a smaller warehouse at a specific location instead of purchasing a full warehouse space, which can help you reduce the cost of an eCommerce warehouse and boost your expansion process.
Multiple warehouses reduce the delivery time at a specific location and offer one-day deliveries at the different localities where you have a dedicated warehouse.
You can use data to open a new warehouse that can help you minimize the operational cost and increase the efficiency of your delivery process.
Analyze from which location customers are ordering more frequently; it can optimize your eCommerce delivery process and help you stand out from other online businesses.
You can choose outsourcing to a professional storage company that can handle your products and assists you in the smooth delivery process.
Outsourcing might sound expensive, but it can help save money as a third-party logistics service provider handles the storage operation.
You can choose between two business models for outsourcing logistics and warehousing. Choose a model that suits your business approach the best.
The dropshipping model can be great for your business if you don’t want to store products and directly sell the products from the factory to the customers. It can increase the delivery time but save a lot of money to avoid creating a warehouse space.
As an entrepreneur for a new startup, you can start with drop shipping, start the business with minimal investment, no inventory management, and no risk of buying or selling products.
You can bridge the gap between the product manufacturer and the customers to earn decent profits. The manufacturer can handle the eCommerce storage, and you can offer a great discount because of the reduced operational costs.
You don’t need to integrate a warehouse management system; just utilize your website to become certified eCommerce merchants.
Using a third-party logistics company
The second option is using a professional third-party logistics company to handle the business storage and fulfillment of the orders.
You just need to source the products and store them in the company’s warehouse, which can streamline your eCommerce storage needs.
You must pay specific fees to the third-party logistics company for picking, storing, and packing the product, which can increase the overall product and shipping costs compared to the dropshipping method.
But can minimize the delivery time by fast shipping the products to the destination from the fulfillment center.
You don’t have to manage the storage costs and can use more storage space from the logistics company based on the scale of your business operation. The more space you use, the more you must pay.
5. Reduce failure and spoilage risks
Keep your products free from breakage or spoilage that can increase your expenses and shrink your profits. Ensuring the warehouse is properly insulated can help increase the product’s shelf life and keep it safe from external effects.
Also, focusing on disposing of your products early before the expiry date can minimize business losses and offer great discounts to your customers.
For example, if you have products with an expiry date, you must integrate a professional system that helps you track the expiry dates and avoid business losses.
Choose a first in, first out approach that can deliver the products that came in first in your warehouse space.
If somehow there are outdated or unsalable products, your warehouse management team should remove them immediately and avoid the deliveries of such products that can hinder the brand image and deliver a poor customer experience.
Manage your store inventory and ensure that your team is trained and experienced in handling the spoilage and expiration of a product.
6. Be organized with self-storage units
Ensure that your secure warehouse space is organized and aids your online business in fulfilling the customer requests effectively.
Focus on active time management, accurate processing of customer orders, and a foolproof overall inventory management system.
An organized flow can help you increase business efficiency and implement a successful business model for cost savings and more profits.
Your team should keep different types of products separately and in an organized manner so that the transportation of the products can be smooth and effective.
7. Easy transportation
Ensure that the transportation is directly connected with your warehousing unit. Easy transportation can process the deliveries faster and minimize the efforts put in by your team.
Use the right vehicles to handle the load of the deliveries and hire the best resources to assist you in the delivery process.
You should also strengthen your delivery workflow by integrating a professional delivery route optimization and planning software to help you automate the process and remove the inefficiencies.
Upper Can Streamline Your eCommerce Deliveries
Upper Route Planner is a leading route optimization and planning software that can help you bridge your logistics and transportation operations and streamline the workflow.
You can check the delivery process and automate the scheduling, dispatching, and invoicing. The delivery drivers can take digital proof of delivery records that you can access anytime.
The software helps handle multiple delivery addresses and saves 90% of the route planning and scheduling time. The smooth interface increases your workforce’s efficiency and assists them with different software access features within a few clicks.
Access the 7-day FREE trial to manage your eCommerce storage and delivery operations.
Schedule Unlimited eCommerce Deliveries on Upper
Finding it difficult to manage eCommerce deliveries? Utilize Upper to schedule deliveries, optimize routes, and instantly dispatch packages. Switch to Upper and get the benefit of a fully automated delivery process.Try it Now
Self-storage is trending in new-age eCommerce bootstrapped businesses that want to minimize the warehousing costs and ensure that the delivery and logistic operations are managed with finesse. It is helping businesses bypass the issues of traditional warehousing as you can:
- Keep the product secure from theft at home.
- It can set up a solid base for your business.
- Easy to store seasonal products and run a successful business.
Warehouse management in eCommerce is linked with managing, processing, and handling goods in the warehouse before they are carried forward for delivery. The warehouse management is the core back-end aspect that can help you scale your eCommerce business and ensure that you stand out from others.
Upper Route Planner can help you streamline eCommerce businesses’ delivery management process and bridge the gap between logistics and transportation. It can help you have centralized control over the delivery business operations and ensure that the route planning, dispatching, scheduling, and reporting are managed with the assistance of the automation feature.
Neill’s Home Store used Upper Route Planner and saved up to 90% of their route scheduling and planning time. The software automated the planning and scheduling to create a digital checklist for furniture deliveries.
eCommerce storage is vital in handling the back-end of your business operations. You can use different tips to increase the output of your warehouse management and boost your business growth.
But when it comes to delivery operations, you can rely on Upper Route Planner, which can help you increase delivery efficiency and save your time, operational costs, and efforts.
You can stand out from other eCommerce retailers and boost your business impact on the industry. Try the 7-day FREE trial to experience the same.