Fulfillment has a lot of moving parts. Without a fulfillment system that can handle your needs, you’ll most likely get buried in mountains of work. On the other hand, implementing the right system can help you increase productivity, efficiency, and benefit your bottom line.
So how do you know what fulfillment system is right for you? We’ve used our 30+ years of industry experience to boil it down to the top 5 essentials you shouldn’t live without.
VeraCore has all these features and more! Interested in learning about how VeraCore can benefit your business? Schedule a demo with one of our fulfillment experts.
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5 Fulfillment System Essentials
1. Storefront Integrations
With the rise of e-commerce, online storefronts have become common. It’s important for your fulfillment system to integrate with storefronts such as: Shopify, Volusion, BigCommerce, Magento, wooCommerce & more.
- 51% of Americans prefer shopping online
- 96% of Americans with Internet access have made an online purchase
2. Automated Order Processing
Setting rules tells your fulfillment system how orders should be handled. Subsequently, you can rely on automation to handle jobs that were previously manual. Orders are processed the right way every time, so you no longer have to worry about pain points like these.
What do fulfillment businesses say their top pain points are?
- 35% say sticking to the process
- 33% say finding time for administrative tasks
- 26% say finding time for other tasks like tidying & upkeep
3. Efficient & Accurate Pick & Pack
Efficient and accurate pick and pack is what all fulfillment businesses strive for. A strong system will help you improve productivity, error rates, and use of your warehouse space.
For example, upgrading from a manual paper & pencil system can result in:
- 25% increased productivity
- 10-20% increase in space use
- 67% decrease in picking errors
4. Customer Portals
Customer portals give your customers a snapshot of account information such as inventory and orders. By providing customers with access to this information, you subsequently build better relationships and ensure that customers always have the data needed to make informed business decisions.
The most important Business Intelligence technologies in 2018 were:
- Reporting
- Dashboards
- Self-Service
5. Inventory Control
Your customers trust you to manage their inventory, so it’s important that you always have accurate information available. Therefore, you need to track information such as product quantities, where inventory is located, what products are coming in and out of the warehouse, returns, etc.
- 43%of retailers say that inventory management is their #1 day-to-day challenge
References:
https://www.entrepreneur.com/article/306678
https://trellis.co/blog/10-ecommerce-stats-2017-guide-2018
https://sctimes.io/content/articles/4261/PEOPLEVOX_FulfilmentReport_Final.pdf
https://www.amazon.com/Essentials-Supply-Chain-Management-Applications-ebook/dp/B00YF0ORIM
https://dl.acm.org/citation.cfm?id=2971773
https://www.forbes.com/sites/louiscolumbus/2018/06/08/the-state-of-business-intelligence-2018/#61695eab7828
https://www.repricerexpress.com/infographic-4-top-ecommerce-inventory-management-stats
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