Inventory is the core of every businesses’ supply chain-encompassing all merchandise and its raw materials prior to selling on markets to earn a profit. Inventory management, i.e. how you manage your inventory says a lot about your preparation for the future, against uncertainty. Let’s face it; managing inventory brings with it a fair share of trouble which is more noticeable in the absence of an...
Despite eCommerce bringing the world to a seller’s feet, going global is still a big step for sellers. It overhauls everything sellers are used to so far, bringing with it new processes, potential learnings and experiences. And the challenges play tag-along. Internet penetration is reducing timeframes and bridging distances, but it comes at a cost-high expectations for both delivery and quality...
Borderless eCommerce is connecting sellers and shoppers in ways that sustain engagement and foster brand loyalty. As the borders come down, paywalls are being simplified to help shoppers feel at home when transacting with sellers overseas. Several homegrown brands like Snitch brand themselves as “Made in India, for the World”, underlining the importance of global readiness in every aspect of...
The rise of the services- on-tap economy has set off a literal chain reaction that is affecting the Indian warehousing and Logistics sector. Understanding how and where new warehousing trends impact efficiency, speed and accuracy will help sellers sell better and regain control over the quality of customer experiences. The domestic warehousing sector contributes to ~14% of the country’s GDP. And...
Warehouse management is the first efficiency checkpoint. It’s where the majority of your manual efforts, resources and time are concentrated. And yet, it’s also the place that sees a snowball effect when things go wrong, which is why several sellers are migrating to an automated warehouse management system ,a.k.a a WMS. As eCommerce and its spinoffs such as Q-Commerce, m and v-Commerce experience...
Depending on the extent of automation deployed at a warehouse, it can either be your best friend that’s making you money, or your worst enemy that will carry sunken costs and overheads that you didn’t prepare for. Speed, efficiency and accuracy is the holy trinity of warehouse management, and barcode scanners cross off all three in one strike. The advantage to using barcode scanning is that it...
As a seller, you have to think like a customer. Yes, you read that right. Picture yourself going around your website or store, finding and adding items to your cart. You proceed to checkout, and select a payment option. There are several suspect failure points in a customer journey, but the inability to account for and reconcile cash inflows and outflows is at the top of the list of concerns. To...
The Indian eCommerce market is estimated to reach USD 163M by 2026, growing at a 27% CAGR (Compounded Annual Growth Rate). With the sector up by 12% in 2024 from 2023, eCommerce is a sunrise sector that is thrusting the nation towards foretold potential. Growth isn’t just handed over to you on a silver platter; it’s a reward for those sellers who not only keep abreast of eCommerce trends...
The rise of returns, particularly those that are bracketed and fake is a wake up call to eCommerce sellers who are operating in the fashion industry. Even with online orders having a higher return rate than brick-and-mortar spaces, clothing is the worst hit sector, with return rates averaging 25-40%. According to Coresight Research, ecommerce return rates for apparel rose to 24.4% in 2023. This...
With diverse sales channels to tap into, reverse logistics is an integral component of the supply chain. If anything, the rise in bracketed purchases and return frauds have made the returns handling process more complex today than it was a decade ago. Returns on genuine grounds cannot be dismissed, which is why it’s considered a necessary evil that all sellers should expect. But how can you...