March 22, 2023

Embracing Sustainability in Logistics: Best Practices and Innovations

In recent years a rising number of multinational corporations have pledged to work only with suppliers that adhere to social and environmental standards. Typically, these MNCs expect their first-tier suppliers to comply with those standards, and they ask that those suppliers in turn ask for compliance from their suppliers—who ideally ask the same from their suppliers. And so on. The aim is to create a cascade of sustainable practices that flows smoothly throughout the supply chain, or, as we prefer to call it, the supply network.

There has been a significant improvement in companies’ initiatives around sustainable practices and the government’s push toward the concept in the past few years. Business decision-makers have realised the importance of sustainability in their operations to reduce the enterprises’ carbon footprints. Recently, around 20 per cent of India Inc. included a sustainability report as part of their annual reporting processes, which is a step in the right direction. Companies have consciously included renewable energy in operations and logistics, and the central government is also committed to shifting logistics and supply chains to 100 per cent green and renewable energy resources. There are different reasons why the public and private sectors have emphasised embracing sustainable logistics in the business environment.

At a time when small as well as large companies are finding ways to reduce their overall emissions by shifting to alternative fuels, it is critical to acknowledge that transportation is one of the significant contributors to the total pollution in the country. As per a report, it contributes to more than 11 per cent of total air pollution in the nation. Another study has evaluated that the contribution could be much more than this number.

Hence, irrespective of the nature and size of a business, it is critical to notice that contribution to pollution levels and carbon emissions can be controlled only with sustainable practices. A proactive approach from large enterprises having their supply chain management system shall be a welcome step in addressing this issue.

Embracing sustainability in logistics is essential to reduce the environmental impact of transportation and distribution activities. Here are some best practices and innovations to help logistics companies become more sustainable:
Use alternative fuels and electric vehicles: Alternative fuels and electric vehicles are becoming increasingly popular as people look for ways to reduce their carbon footprint and decrease their dependence on fossil fuels. Switching to alternative fuels like biodiesel, natural gas, and hydrogen can reduce emissions. Electric vehicles are also becoming increasingly popular due to their low emissions.

1.Optimise routes and loads: Optimising routes and loads is an important strategy for reducing fuel consumption and increasing efficiency in transportation.Using technology to optimise routes and loads can reduce fuel consumption and emissions. By optimising delivery routes, companies can also reduce the number of miles driven, thereby decreasing carbon emissions.

2.Use sustainable packaging: Sustainable packaging is becoming increasingly important as people look for ways to reduce waste and minimise their environmental impact. Use packaging made from renewable materials that can be recycled or reused to reduce waste. Sustainable packaging can also reduce the carbon footprint of logistics operations.

3.Implement green warehousing: Implementing green warehousing is an important strategy for reducing the environmental impact of logistics and supply chain operations. Use renewable energy sources like solar panels and wind turbines to power warehouses. Implementing green practices like LED lighting, motion sensors, and temperature control systems can also reduce energy consumption and costs.

4.Collaborate with suppliers: Collaborating with suppliers is an important strategy for promoting sustainability and reducing the environmental impact of supply chain operations. Work with suppliers to ensure that they use sustainable practices and materials. Companies can also use local suppliers to reduce transportation costs and emissions.

5.Implement reverse logistics: Implementing a reverse logistics program can reduce waste by recovering and recycling materials, products, and packaging. It is an important strategy for reducing waste and promoting sustainability. This can also save money by reducing disposal costs and creating new revenue streams.

6.Use data and analytics: Using data and analytics to monitor and optimise logistics operations can help reduce waste and emissions. Companies can use data to identify areas of improvement and measure progress towards sustainability goals. It is also used to monitor supplier performance and ensure that suppliers are meeting sustainability goals.

7.Embrace circular economy principles: Embracing circular economy principles, such as designing products for reuse and recycling, can help reduce waste and create a more sustainable supply chain. Share sustainability goals with suppliers and work together to develop strategies for achieving these goals.

8.Conclusion: Embracing sustainability in logistics requires a holistic approach that involves using alternative fuels, optimising routes and loads, using sustainable packaging, implementing green warehousing, collaborating with suppliers, implementing reverse logistics, using data and analytics, and embracing circular economy principles. By implementing these practices, logistics companies can reduce their environmental impact and create a more sustainable supply chain.

Organisations are also adapting systematic handling and also reverse logistics of the harmful chemical and hazardous waste to adopt green practices. Environmental consciousness is now at the nerve centre of most organisations and operations. It is embedded as a key commitment. At LogixPlatform , we’re committed to our customers’ sustainability success and excited to build the next stage of cloud partner ecosystems. We’ve brought traceability for improved access to product and supplier origin and component efficacy.

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March 14, 2023

Automation and Artificial Intelligence (AI) in Logistics Processes

Supply chain and logistics using AI-based solutions is the process whereby intelligent people may carry out problem-solving tasks. Without any manual input, this automated process of smart industry manufacturing powered by the Industrial Internet of Things can operate the entire supply chain. Businesses that integrate AI into their supply chains want to increase Instrumented data coming from machines and from IoT devices. With the aid of data analytics and modelling, intelligent assumptions will be more accurate and competent. Broad connectivity for better decision-making through interconnection When there are vast volumes of data that may be used for forecasting, identifying inefficiencies, and fostering innovation, supply chain data analysis aids in workflow optimization.
Businesses from all industries are implementing cutting-edge technology and artificial intelligence (AI) computing methods like deep learning, machine learning, and natural language processing. Without our knowledge, these technologies are progressively becoming a prominent role in our daily activities. In several industries, including supply chains and logistics, AI has emerged as the most crucial technology.
The transport, logistics, and supply chain sectors have experienced a digital change that has created new opportunities for effective operation and schedule management and end-to-end visibility. Operations involving the logistics and supply chain must deal with a vast volume of data. AI computing methods make it simple to conduct comprehensive and effective analyses of large amounts of data. After that, it effortlessly performs complex functions, creates requested information, and activates functions.
Automation and Artificial Intelligence (AI) are transforming logistics processes in a number of ways, improving efficiency, reducing costs, and enhancing overall performance. Here are some examples of how automation and AI are being used in logistics:

1. Warehouse Automation :

Robotics and automated material handling systems are being used to streamline warehouse operations, increase productivity, and reduce human error. AI-powered systems can optimise warehouse layouts and inventory placement, track inventory levels, and predict future demand.
Transportation Optimization: AI-powered algorithms are being used to optimise transportation routes, reduce empty miles, and increase fuel efficiency. This not only saves costs but also reduces carbon emissions and contributes to sustainability.

2. Predictive Maintenance :

AI-powered predictive maintenance systems can monitor equipment and vehicles in real-time, detecting issues before they become critical, and reducing downtime. This helps to increase the lifespan of assets and reduce maintenance costs.

3. Demand Forecasting :

AI-powered demand forecasting systems can analyse historical data, customer trends, and market conditions to accurately predict future demand. This can help companies optimise inventory levels and reduce excess stock, while also improving customer service.

4. Last-Mile Delivery :

Delivery robots, drones, and autonomous vehicles are being tested for last-mile delivery, reducing delivery times and costs while also improving the overall customer experience.
Inventory management: AI and automation can help optimise inventory levels and reduce waste. By analysing sales data and other factors such as seasonality and promotions, AI-powered systems can predict demand and automatically adjust inventory levels accordingly.

5. Customer Service :

Chatbots and other AI-powered tools can help provide customer service by answering queries, tracking deliveries, and providing real-time updates. This helps improve customer satisfaction and reduce the workload for customer service teams.

Challenges in Implement Automation and AI in Logistics Processes

Implementing automation and AI in logistics processes can offer many benefits, such as increased efficiency, reduced costs, and improved accuracy. However, there are also several challenges that organisations may encounter when attempting to implement these technologies. Some of the key challenges include:

High Initial Costs :

Implementing automation and AI technologies often requires a significant investment, which can be a major barrier for some companies. The cost of hardware, software, and implementation can be expensive, and it may take time for the organisation to see a return on its investment.

Resistance to Change: :

Implementing new technologies can be met with resistance from employees who are used to doing things a certain way. This can be especially true in the logistics industry, where many processes have been done manually for years. Organisations may need to invest time and resources into training employees on new processes and technologies to ensure successful adoption.

Integration with Existing Systems :

Implementing automation and AI technologies often requires integration with existing systems, which can be a complex process. It is important to ensure that the new technologies can seamlessly integrate with existing systems, and that data is transferred accurately and securely.

Data Quality :

The effectiveness of automation and AI technologies depends heavily on the quality of the data being used. If data is inaccurate or incomplete, it can negatively impact the performance of the technologies. Organisations need to ensure that data is clean, up-to-date, and stored in a format that can be easily used by the technologies.

Cybersecurity Risks :

As with any new technology, automation and AI bring with them the risk of cybersecurity threats. Organisations need to take steps to ensure that their systems are secure and that data is protected from unauthorised access.

Legal and Regulatory Issues :

As automation and AI technologies become more prevalent, there may be legal and regulatory issues that need to be addressed. For example, regulations around data privacy may impact how organisations can use data to inform their logistics processes.

Conclusion :

The Logix platform helps you automate business processes, AI and automation are revolutionising the logistics sector. It allows your business to increase efficiency, improve visibility, and reduce costs. While implementation can be challenging, the benefits are significant, and companies that embrace the technologies are sure to gain a competitive advantage. As the logistics industry continues to evolve, we can expect to see even more innovative uses of automation.

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February 20, 2023

Increasing Use of Data and Analytics to Improve Logistics Efficiency and Cost-Effectiveness

Logistics has never been more complex than it is today. The worldwide idea of the inventory network has made continually moving elements that can essentially influence an organisation’s benefit. This was made clear by the mind-blowing strain put on strategies because of the Coronavirus pandemic. In response, data analytics is helping manufacturers, shippers, and retailers gain visibility into their operations and optimise them so they can better deal with the unexpected. Thus, information-driven organisations are expanding overall revenues and consumer loyalty levels.

Let’s look at specific ways that data and analytics is improving logistics efficiency and cost-effectiveness :

1. More Accurate Supply and Demand Forecasting : Utilising the abundance of exclusive and outsider information accessible, organisations can follow and adjust to shifts popular close to continuous. Enormous information investigation permits organisations to produce more exact market interest figures to illuminate stock and shipment arranging.

2. Inventory Management : If a product is out of stock, there’s a high probability that customers will move their buying conduct. An IHL study uncovered that 37% of clients who experience an unavailable thing will buy from an alternate brand, while 21% will purchase from an alternate retailer.

3. Warehouse Management: In addition to reducing stockouts and overstocks by optimising inventory management, data analytics can also improve the efficiency of warehouse management. Companies can track the movement and location of stock and combine this information with sales data to identify the best location for each SKU in the warehouse and find opportunities to streamline.

To improve their operations, companies should identify risks associated with their suppliers. With this information, companies can either work with their suppliers to solve the problems creating the risks or select new suppliers if the risks can’t be mitigated (i.e. incidents of natural disasters or political instability that affect the supplier’s ability to fulfil commitments).

4. Supplier Risk Management : To improve supplier risk management, companies can track any indicator that reflects a risk, such as:
Late shipments

Delivery to the wrong location
Delivery of the wrong product or quantity of product
Inefficient processes used by suppliers
Regulatory compliance issues

5. Prevent Loss with Better Fraud Detection : Fraud can be costly for a business in any industry. Data and analytics can help organisations discover trends that point towards suspicious activity to reduce fraud and thwart criminal efforts. For example, big data can help retailers build profiles and set thresholds for normal customer behaviour regarding the purchase of a specific product over some time. With this baseline established, retailers can then identify customers whose behaviours indicate that they may be committing return fraud. Retailers can then blacklist these customers or take other actions to help prevent return fraud.

6. Performance management : Solving inefficiencies and ensuring operational standards are respected by tracking any metric along the supply chain. Performance managers transform data insights into actionable results, such as the optimization of resource consumption or delivery routes. For instance, shippers expect drivers to arrive on time, maintain docking schedules, and avoid wasted time. Data can help us to understand and monitor the performance of the workforce.

7.Productivity improvement : Real-time data sharing with all partners is essential. The insights that a company gathers are useful both for a logistics company and for its partners. This type of data sharing in logistics can help improve operational efficiency by capturing fluctuating customer demand, external factors, and the operations of the partners. It will enhance transparency and help all stakeholders to streamline their processes, ultimately improving the quality of operational processes, and the overall performance of the logistics business.

Challenges to implementation of Big Data Analytics:

According to a survey, 37% of managers have just “engaged in conversations” to implement analytics. 27% of those who have implemented big data analytics have it operationalized and embedded into critical supply chain processes. However, 57% of respondents use big data as logistics management solutions on an ad-hoc basis. Some of the main barriers for individual companies are:
Visibility: business logistics experts may have large volumes of data but lack the expertise to see and analyse it as the graphic interface is not user-friendly.
Volume: the amount of high quantities of data is still something that needs development in small economies and regions like Latin America, the volume of patterns are available in an urban area or a metropolitan region, but are scarcer in forecast traffic in rural areas. With third party companies, it’s easier to create synergies and economies of scale with big data information. Otherwise, the individual in-house use of big data is not cost-effective.
Use: people may have access to data but don’t know how to give them direction in terms of their desired outcomes, strategic and day-to-day orientations. In other words, managers have massive amounts of information available, but don’t know what to do with it.
Data and analytics are transforming many industries and businesses, and logistics is not an exception. The complex and dynamic nature of this sector, as well as the intricate structure of the supply chain, make logistics a perfect use case for data. Valuable insights obtained through data leveraging enable the industry players to optimise routing, to streamline factory functions, and to give transparency to the entire supply chain, for the benefit of both logistics and shipping companies alike.98% of third-party logistics companies believe that data analytics is critical to making intelligent decisions. 71% of them believe that big data improves quality and performance.

Conclusion

Big data analytics in the supply chain can dramatically improve operations and maximise ROI. It becomes a lot easier to predict and work on customer requirements and hence enhances customer satisfaction and loyalty.
The increasing use of data and analytics can improve logistics efficiency and cost-effectiveness by providing insights into supply chain operations, identifying inefficiencies, optimising routes and inventory management, and improving customer service through better demand forecasting and real-time tracking.

LogixGrid can help you to achieve below ROI.
Improve Business operations by 80%
Decrease turnaround time by 30%
Ensure 100% automated operations
Decrease overall delays by 30%
Ensure 100% SLA adherence

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February 16, 2023

Real-time tracking and visibility key to run a successful 3PL business

Yes, successful 3PL (third-party logistics) operations require real-time tracking and visibility. This enables more effective supply chain management and efficient coordination between the 3PL supplier and its clients. Additionally, it aids in cost-savings and guarantees prompt delivery of goods, increasing customer satisfaction. A corporation that contracts out logistics services on behalf of other companies is known as a 3PL or third-party logistics provider. 3PLs provide a range of services, including distribution, warehousing, and transportation. Additionally, they can offer value-added services including order completion, packing, and assembly. Best Practices for Providers of Third-Party Logistics (3PLs) Although there isn’t a single 3PL best practice that applies to all of them, there are certain common ones that can help 3PLs operate more effectively and expand their businesses.

1. Establish a Stable Technology Infrastructure : Any logistics supplier must have a solid technology foundation. 3PLs ought to spend money on dependable, scalable software solutions that may expand along with their operations. Robotics and automation technology can also help to enhance warehouse operations, but they should only be used if they are expected to increase ROI. Consider utilising a warehouse management system (WMS) like Logix WMS to make the most of 3PL technology. Many of your 3PL processes, including order picking, shipping, and put-away, can be automated with the use of a WMS. You may manage your 3PL business from a single central platform and get real-time inventory visibility.

2. Establish trusting connections with clients and suppliers : Any 3PL’s customers and suppliers are its lifeblood. Building solid ties with both is crucial. Providing excellent customer service is crucial for retaining current clients and luring in new ones. Make sure your consumers understand the pricing and 3PL services you offer. Inform them up front of any potential dangers or difficulties that could affect their supply chain. Being open and honest will help you gain people’s trust and minimise unpleasant shocks. Customer satisfaction will rise and customer connection will be strengthened as a result. Additionally, you need to establish trusting relationships with your trading partners and suppliers. Improved communication, cheaper costs, and greater quality control can result from having good supplier connections.

3. Emphasise ongoing development : As the 3PL sector undergoes rapid change, it’s critical to stay on top of developments. You should always be on the lookout for ways to make your operations and services as a 3PL service provider better. This may entail making investments in new technologies, broadening the scope of your service offerings, and enhancing both the effectiveness and customer experience of your business.

Real-Time Visibility (RTV) has become an increasingly important initiative for supply chain leaders as the technology to make it possible becomes more readily accessible.

1. Tracking Improve Safety and Minimise Fuel Cost : The safety of your drivers is no doubt a top priority for your organisation. This starts with having well-maintained vehicles but should also focus on monitoring driver behaviour and ensuring that safe driving practices are being followed. Most fleet tracking providers offer digital maintenance programs that enable you to create maintenance schedules with automatic alerting based on odometer readings or scheduled maintenance. Unauthorised vehicle use can also significantly increase fuel costs. A GPS tracking system can alert management to unauthorised use via time-of-use restrictions and calendar templates.

2. Reduce risks and costs : Supply chain visibility will ensure there are no interruptions in your processes. You’ll be able to quickly respond to any needs throughout the chain, such as redirection of supply. Increased visibility will ensure you can re-evaluate areas of inefficiency and in turn reduce risks such as damaged products and mistakes.

3. Improved Performance : Enhanced supply chain visibility will help you to better track your performance expectations and estimate future demands, ensuring you can meet your future goals. Optimising your performance will open communication among those throughout the supply chain. As well, supply chain visibility will ensure you’re keeping pace with changes in regulations around transportation. Setting measurable goals and monitoring your progress over time are two ways to promote ongoing business process improvement. This will assist you in tracking your progress toward your objectives and identifying areas of your 3PL firm that require development. Third-party logistics companies can perform better and expand their business by adhering to these best practices. 3PLs should constantly be searching for ways to streamline their processes and give their clients additional value. In light of this, ask yourself if your 3PL company is making every effort to be prosperous. If not, make the required adjustments and begin using these best practices right away.

Conclusion:

By adhering to these 3PL best practices, you can be sure that you’re doing everything possible to improve performance and expand your company. Just keep in mind to use technology, enhance cooperation and communication, streamline your operations, prioritise customer service, and keep up with market developments. You’ll be well on your way to 3PL if you follow these steps. Be sure to have a look at Logix WMS if you’re seeking for a warehouse management system to assist you in optimising your 3PL operation. You can use our software to automate 3PL procedures and get real-time inventory insight. Request a free sample or discover more by getting in touch with us right away.

Benefits of Logix WMS:

Get access to customer portal
Barcode generation and scanning
Access anywhere even on mobile
Sales or Outbound orders automated
Multiple carrier label printing
Carrier Integration for waybill
Increase efficiency and accuracy

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February 13, 2023

The Benefits of Implementing a Logistics Automation System

In the Materialistic world, Business processes require fully automated functions to run business smoothly. Automation of logistics is the process of increasing the effectiveness of logistical activities, including procurement, production, inventory management, distribution, customer service, and recovery, with the help of technology such as machinery and software.
Automation may improve the efficiency and synergies of the entire supply chain, from order placement and package processing in warehouses through automated transit and shipment, as well as tracking and delivering the materials.

BENEFITS OF IMPLEMENTING A LOGISTICS AUTOMATION SYSTEM

1) Increased Efficiency and Decrease in Expensive Errors: Logistics automation enhances efficiency and effectiveness thus accuracy also increases. Automation enables firms to fully integrate inventory management into their ERP system and other forms of automatic storage are all features that help cut down on important errors.
There is a considerably higher chance of error while manually entering several data from the accessible documents. These all have a lot of detrimental financial effects. These include maintaining unreasonably high levels of availability, ineffective methods for planning and coordinating, future fines for paperwork errors, etc.

2)Improved Customer Support: The business world is a never-ending battle. But even individuals you have worked closely with for a long time tend to “cheat” you if someone else offers them shipping conditions that are twice as favourable. How would you feel if you began to lose important individuals? If there is a problem with the speed, price, or service quality, you should notice it right away. logistics automation enhances customer service. It improves shipment control while handling the supply chain. The software’s ability to fully track the movement of items from one location to another, as well as to automatically account for transactions, track them, and pay invoices, is one of its most significant benefits.

3)Gaining Access to Data and Real-time Monitoring of Freight Movements: A major benefit is being able to manage loads at any time and combine the data needed for analysis. If you invest to develop logistical automation, it will accomplish that. Any summary aids in critical business decision-making provides a snapshot of potential company prospects in the future, and, when appropriate, offers suggestions for improvement. The importance of having quick access to this important data cannot be understated.
Imagine the relief business executives would feel if they could make a significantly better choice with just one click. A lot of careless actions and potential business losses can be avoided by swiftly and simply interpreting the information. Keep abreast of all developments at all operational, administrative, and management levels.

4) Effective route planning: It’s imperative to meet customers’ demands for high-quality service while meeting deadlines and keeping costs as low as feasible. Customers frequently switch to competitors as a result of late deliveries, losses, broken products, and other poor delivery experiences.
Planning your routes strategically is essential for achieving the best possible operational, financial, and customer experiences. Altering procedures, regulations, and practices on a larger scale makes it easier to create and put into practice.

5)Cost Reduction: The primary issue of businesses involved in transportation and freight transit is cost. However, ERP systems can be connected with logistical automation. It uses your address book to access addresses with automatic storage and fuel surcharge entry. There is no space for error while using such logistics software because the need for manually inputting the data is eliminated. Manual data entry carries a high risk of error, almost always a result of human error. These mistakes include incorrect data entry, which results in double shipping cost payment. However, the shipping software considerably lowers costs. It aids in the timely and effective delivery of the items to the client.

6)Flexible and Rapidness: TMS eliminates the need for additional resources for managing transportation. Let us break the ice for you if you think you don’t require such logistics software: when the business expands, the company ships more freight. Using transportation software, you can effortlessly manage both current and potential customers. Additionally, it is simple to combine freight bills into a weekly invoice. No matter how many shipments there are at each site.

7) Real-Time Visibility and traceability: Nowadays, supply chains and logistics must have real-time visibility. It describes logistical operations that follow and trace the movement of products and shipments from suppliers, manufacturers, warehouses, and hubs to the final consumer in real time.
Businesses are now able to plan, schedule, and keep an eye on every step of their logistics process thanks to real-time visibility in the supply chain, which is made possible by GPS-tracking and sophisticated software.
It gives supply officers real-time access to trackable data such as order receipts, raw material status, shipment information, regulatory data, and precise order status. Businesses can gain a competitive edge, increase efficiency, improve transparency and customer happiness, and cut transportation costs with better management of the various aspects of this complex process.

8)charts and statistics are used for real-time tracking: The task of real-time tracking and visibility is made easier by statistics and graphs. Customers can follow the progress of their orders using graphs and charts. Data from the entire system will be included in automated graphs and charts.

CONCLUSION:

Future business will depend heavily on growing automation. Our Logix platform’s benefits are expanding. All logistics solutions that speed up your company’s operations are included in logistics and are available on a single platform.
Talk to our specialists and use our numerous logistics solutions to run your business processes at 100% efficiency if you want to save costs, improve your services, and reduce costs related to transport and inventory. Streamlines all of your business operations with a single click.

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January 24, 2023

7 Ways to Future Proof Your Warehouse

Warehouses play a critical role in the supply chain and are essential for storing and distributing goods. As technology continues to advance, it’s important for warehouses to keep up and stay competitive. Imagine investing millions of dollars in a brand-new, high-tech warehouse facility with plenty of bells and whistles only to discover it to be completely out-of-date after five years. That has the potential to seriously harm your company in a number of ways. On the other hand, you can invest millions of dollars in constructing a state-of-the-art facility only to discover that it is far too expensive for your requirements. Even with growth potential realised, it can still take years to reach your break-even point, and because you have so much funds locked up in the warehouse, you are now facing a cash flow problem.In reality, there is always something new and cutting-edge to consider for the warehouse of your business, so it’s critical to weigh the advantages of implementing the technology against the risks of delaying or embracing it too quickly. Take a look at how you may future-proof your warehouses if you want to be sure that they can resist current technological advancements and continue to operate efficiently.

Here are 7 ways to futureproof your warehouse:

1) Software Integration: Many warehouses found when they initially started adopting automation that their current warehouse management systems (WMS) couldn’t handle it. In order to add the essential capability, they were augmented with warehouse control systems and warehouse execution systems, but the trade-off limited data collection and utilisation. The finest systems incorporate the necessary capabilities for warehouse automation in a single platform from the bottom up. The software architecture’s decentralised nature will enable it to adapt to future changes in equipment and requirements, making it the industry standard.

2) Implement Automation and Robotics: In warehouse operations, automation can increase efficiency and decrease errors. You can free up your workers to work on more difficult jobs by utilising robots to undertake simple chores like picking and packing. Automation can also lower labour expenses and increase workplace security. For instance, moving big loads can be done by warehouse robots, lowering the possibility of accidents at work. Robots can also be used to scan barcodes, which helps to increase the accuracy of an inventory.

3) Leverage Data and Analytics: Data collection and analysis can be used to pinpoint problem areas and enhance warehouse operations. You can acquire important insights and make wise decisions by using data to track inventories, monitor equipment performance, and measure employee productivity. Data analytics, for instance, can help you optimise your storage arrangement by identifying patterns in inventory movement. Additionally, data analytics can be utilised to spot equipment that need upkeep, extending the life of your equipment and preventing equipment failures.

4) Invest in Flexible Infrastructure: Modular storage systems and other adaptable infrastructure can change with the demands of the business and incorporate new technology. This enables you to readily adopt new technologies as they emerge and add or delete storage as needed. For instance, modular storage systems are simple to reorganise to accommodate new products, minimising the time and expense of revamping your warehouse. Furthermore, adaptable infrastructure can be utilised to support cutting-edge technologies like automated storage and retrieval systems.

5)Utilise IoT and sensor technology: IoT and sensor technology can aid with asset tracking, inventory management, and operational optimization. You can make sure that products are stored in the best conditions by utilising sensors to monitor temperature, humidity, and other environmental parameters. IoT-enabled sensors, for instance, can be used to track the position of items in real-time, enhancing inventory accuracy and lowering stockouts. Additionally, IoT-enabled sensors can be used to keep an eye on the health of your equipment, extending its lifespan and assisting in the prevention of equipment breakdowns.

6)Implement an Agile Workforce: Flexible scheduling and cross-trained workers make up an agile workforce that can adjust to shifting market conditions and emerging technologies. You can ensure that your warehouse maintains its competitiveness by providing your staff with the abilities and adaptability they need to adopt new technologies. For instance, cross-training staff on various skills can lower labour expenses and boost productivity. Flexible scheduling can also help to account for fluctuations in demand, lowering the likelihood of stockouts.

7) Foster a Culture of Continuous Improvement: Encourage and reward staff members who discover and implement changes to warehouse procedures. You can make sure that your warehouse stays ahead of the curve and is always prepared for the future by developing a culture of continuous development.

Conclusion:

You can future-proof your warehouse and make sure it stays a useful asset in your supply chain by putting these 7 techniques into practice. Keep up with trends and be prepared for the future. We’ve assisted our clients in saving billions of dollars through improved process automation and expenditure management. To learn how we may aid in the expansion of your company: Read the case studies and client success tales. To see whether we are a suitable fit for one another, visit our “Solutions” page to see the aspects of your company we can assist improve.

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December 22, 2022

7 Ways To Save on Shipping Costs

There are a lot of costs associated with starting your own eCommerce business. Of course, shipping is one expense that will always be present. Unfortunately, one of the most expensive costs you’ll have to bear is shipping. The following factors will influence shipping prices:

Delivery velocity
How many shipping zones the cargo travels through
The product’s dimensions, weight, and packaging
Shipping insurance
Order tracking and confirmation of delivery

That is a lot to think about. But did you realise that you would be able to cut your delivery costs quickly? Here are a few strategies to ship your small business for less money!

(1) Agree to Rates in Writing: Many small eCommerce companies believe they don’t ship frequently enough to be eligible for carrier discounts. However, it’s crucial to understand that you don’t necessarily need to ship products to Amazon to receive a cheaper rate! If you’re doing as little as 100 shipments a month, you can frequently negotiate discounts with your carrier by getting in touch with their contract shipping services department and talking to a representative about your business. When you do this, make sure that you or your shipping manager are aware of your estimates, volume, and shipping needs. That will make other carriers like UPS, FedEx, and others pay notice. You get the greatest deal, make sure to bargain with several carriers. If a carrier is aware that you are thinking about switching, they could be prepared to work with you to keep your business and lower delivery costs.

(2) Request Refunds: The bad news is that more than 6% of FedEx and UPS parcel shipments in 2019 were delayed, according to Multichannel Merchant. The good news is that you are entitled to a full refund on that shipment under their Money-Back Guarantee policy, even if it is only a few minutes late! Of course, the caveat is that they force you to start the refund procedure, which many businesses either don’t bother with or are unaware of. Yes, keeping an eye on your account might take a lot of effort. However, if you ship frequently, seeking credits for service errors, overcharges, weight disparities, and other issues can pile up and substantially lower your shipping expenses. It’s also crucial to remember that you have 15 days from the invoice date to request such reimbursements, so you don’t need to keep track of it constantly.

(3) Keep Pick-Up and Delivery in Mind: Why travel further to your carrier’s facility to transport your goods when you are already so busy? To save time and money, look for a carrier that offers free pick-ups and deliveries. Although you’ll have to adhere to their pick-up schedule, it can be worthwhile!

(4) Create Your Postage: You may be aware that you can print mailing labels at home, but did you realise that you can also print postage there? Of course, the requirements for printing postage for goods vary amongst carriers. Once you comprehend them, you can print them directly from your computer to save money. To make the procedure even simpler, several carriers additionally provide unique software that interfaces with your own.

(5) Select Budget-Friendly Packaging Supplies: While some packaging supplies are required, especially when shipping sensitive items, the prices can quickly mount. Even while branded packaging is excellent and improves the consumer experience, you might need to wait to implement it until you’re bringing in more money. To save your shipping costs, buy plain, conventional packing supplies in quantity, such as boxes, bubble wrap, air cushions, and more.

(6) Use third-party insurance, number six: Overcharging clients for insurance premiums is one way UPS, FedEx, and other carriers make money. You undoubtedly already know how expensive insurance may be if you’re transporting precious goods. In general, carriers charge about $.80 for every $100 of insurance. However, there are alternative third-party businesses that only charge a small portion of this, often approximately 45 cents per $100, such as Parcel Insurance Plan (PIP) and U-PIC Shipping Insurance. You could save almost half that way!

(7) Take Dimensional Weight into Account: Many small businesses are unaware of the benefits of applying dimensional weight to shipments because it is a relatively recent practice for carriers. Here’s how everything got started. Carriers began to lose money on large, yet light, things about five years ago. Large things like these took up a lot of room on their trucks but brought in little money. So they started charging for whatever gets them more money—the actual weight of the package or the “dimensional weight”—and adding this “theoretical” weight to shipments based on how much volume the package occupies. Finding a carrier that doesn’t use this method will probably be the most affordable approach to carrying huge products if your packages typically weigh less than the dimensional weight.

Conclusion

Maintaining competitiveness in the market is crucial. Additionally, providing a superior level of client experience is just as crucial as growing your profit margins. One aspect of a company that can be challenging to master is shipping. You must streamline the procedure to cut costs associated with running your company while also considering the needs of the client. The best advice is to research your customer personas and structure your strategy accordingly. Additionally, you will increase your shipping expenditures as your business expands. However, costs might be reduced for your organisation with wise practises and effective planning. To save more such costs in your business, talk to our expert and run your business with 100% efficiency by using our various logistics solutions.

To know more: Schedule a demo

November 29, 2022

Inventory Management

What is Inventory Management?

Inventory management aids businesses in determining which merchandise to order when and in what quantities. Inventory is tracked from product acquisition to sale. To guarantee there is always adequate inventory to fulfil client orders and proper warning of a shortfall, the technique identifies trends and reacts to them. Inventory turns into revenue after it is sold. Inventory ties up cash before it is sold while being listed as an asset on the balance sheet. As a result, having too much stock is expensive and lowers cash flow. Inventory turnover is one measure of effective inventory management. Inventory turnover is a metric used in accounting to determine how frequently stock is sold over time. A company doesn’t want to have more inventory than sales. Deadstock, or unsold stock, can result from a lack of inventory turnover.

Why Is Inventory Management important?

For the majority of firms, inventory is necessary. However, it might be difficult to gauge how much to bring and where to place it. Because it helps to ensure that there is rarely too much or too little product on hand, inventory management is essential to a company’s health because it lowers the danger of stockouts and inaccurate records. The correct balance can be found through optimization.

Inventory Management Challenges

Having too much inventory and being unable to sell it, not having enough inventory to complete orders, and not knowing what things you have in inventory and where they are placed are the main issues of inventory management. Other challenges include:

(1) Obtaining Accurate Stock Information: Without accurate goods information, you can’t determine when to restock or which stock goes well.

(2) Poor Processes: Outdated or manual processes can slow down operations and make work more prone to error.

(3) Customer demand is continuously changing: Customer preferences and requirements are changing day by day. How will you be able to determine when and why their preferences change if your system is unable to observe trends?

(4) Utilising Warehouse Space: If similar products are hard to find, staff members squander time. Getting inventory management right can help solve this problem.

Benefits of Inventory Management software integrated with ERP:

You can cut costs and maintain an accurate stock count with the use of inventory management techniques. When you include an ERP system with inventory management features, however, you might experience extra advantages. When a system like this is in place, you can:

(1) Recognize Inventory Levels Across the Organization: ERP systems can give a complete picture of orders placed across all divisions, from sales to accounting to fulfilment. The capacity to buy in bulk and centralise purchases reduce duplication when stock needs to be replenished. When you combine your inventory software with accounting and back-office procedures, there are numerous additional advantages.

(2) Automate Manual Tasks: Inventory taking, receiving, and fulfilment can be sped up by barcode and RFID scanning. Using software frees personnel from tedious chores and decreases errors caused by the human entry.

(3) Greater Visibility with Real-Time Information: With the appropriate inventory management software, you can get real-time data on all SKUs across all sites. Regardless of where you are, it will deliver this info to all devices.

(4) Improved Forecasting: It is possible because of software that manages data analytics and collection. Additionally, by comprehending tendencies, you can enhance your stock predictions.

(5) Data-Driven Decision Making: Make data-driven stock decisions by utilising the inventory management software’s analytics features. Reduce carrying costs and inventories to save money.

(6) Support Uninterrupted Production: You may make sure that production never faces a shortage by anticipating both demand and lead time.

(7) Harmonise Multiple Inventory Locations: Get an overview of the stock levels in all of your warehouses, distribution facilities, retail outlets, and suppliers by integrating multiple inventory locations.

(8) Optimise All Inventory: A strong inventory management system aids in maintaining the ideal stock mix, quantity needs, and carrying costs. You can be sure you’ll always have the right amount on hand with its assistance.

(9) As your business expands, scale up your inventory: 1,000 SKUs spread over 15 facilities cannot be accurately tracked manually. Software for inventory management will take care of that for you.

(10) Ensure Generally Accepted Accounting Principles (GAAP) Compliance: Accurate stock valuation is essential for financial transparency. Software for inventory management offers the accuracy needed by GAAP.

(11) Enhance Product Visibility in Recalls: With the aid of digital technologies, managers can track products by date and location by consulting serial or lot records.

Inventory management KPIs

In inventory management, key performance indicators (KPIs) are measures that support stock monitoring and decision-making. KPIs are important in inventory management because they provide data on turnover, sales, demand, expenses, process effectiveness, relationships, and more. With the use of inventory management systems, KPIs can be simply tracked. KPIs in inventory management systems can highlight development, areas where processes require improvement or successful areas.

(1) Rate of Inventory Turnover: Inventory turnover rate, also known as inventory turnover ratio or inventory turn, is the frequency with which a business sells and replaces its stock during a given period, often a year. The inventory rate can be used to detect whether a company has too much inventory concerning how much of its stock is selling. Inventory rate gauges how effectively a business generates revenue from its inventory. Calculate the inventory turnover rate using the following formula: Inventory turnover rate = cost of goods sold / average inventory

(2) The ratio of Stock to Sales: The stock-to-sales ratio calculates how much inventory is stored compared to how many sales there were. The stock can be adjusted using this general computation to maintain high margins. Use this equation: Stock to sales ratio = $ inventory value / $ sales value

(3) Cost per Unit: Cost per unit is the price a business pays to produce or acquire a single unit of a good. It works best in businesses that produce or sell the same product in huge quantities. Use the following formula to determine the price per unit: Cost per unit is (fixed costs plus variable costs) / the number of units produced

(4) Return on Investment Margin: Gross margin return on investment (GMROI) measures a company’s earnings with the amount it spent on stock acquisitions. This metric gauges how well a business purchases and sells its goods. To determine the gross margin return on investment, use the following formula: Gross margin return on investment = gross margin / average inventory cost

(5) Accuracy of Available Inventory: The company’s stock status is related to the correctness of the available inventory. This KPI illustrates the discrepancy between the number of things the business asserts in electronic records and those that are available for purchase. The physical inventory count supports the totals from the computer files. The difference may be the result of loss, fraud, damage, and theft. Use this equation to determine the accuracy of the available inventory: Available inventory accuracy = (counted items that match record / counted items) x 100

Inventory control

The practice of maintaining a company’s inventory levels, whether they are kept in their warehouse or dispersed across different sites, is known as inventory control, sometimes known as stock control. It entails overseeing products from the time you have them in stock until their eventual disposal or (hopefully) delivery to clients (not ideal). They are also tracked by an inventory control system for use, storage, and movement. Inventory control is the process of keeping the right amount of each product on hand by controlling your inventory levels. Your purchase orders may be tracked and a working supply chain can be maintained with proper inventory control. Systems can be set up to aid in predicting and provide you the ability to specify reorder points. We now have a foundational understanding of what inventory management is and the available inventory control systems. Here are some suggestions for managing your inventory.

(1) Track your inventory in real time: One cannot overstate the importance of automation. Your financial and commercial decisions are guided by the most precise, up-to-date information that real-time tracking provides. It can lower your carrying expenses and help you enhance your ROI. When selling on various channels, automatic inventory tracking is quite beneficial. When all of the orders and inventory information is synced in real-time across all channels, overselling, which can negatively impact the customer experience, can be avoided.

(2) Keep your labelling scheme consistent: Companies today have a wide choice of alternatives for marking and identifying goods thanks to modern warehouse management. Choose a method that works for your company, and then apply label strategies consistently. SKUs, for instance, make it simple for your team to monitor your inventory. You can manage your inventory across multiple channels and locations with ease if you barcode your stock. Radio Frequency Identification (RFID) may also be used by your business to identify particular goods and parts. RFID isn’t just for tracking raw materials; it can also be used to track finished goods and move them around the supply chain.

(3) ABC Analysis: ABC analysis is a tactic you can employ in a perpetual system. Based on the item’s consumption value, inventory items are categorised in this way. That value represents the overall cost of an item of inventory used up over a certain period. The letters stand for the several categories that objects might be categorised under.The goods with the greatest consumption values are referred to as A items. There will be a small quantity of these high-consumption goods. The consumption value of B products is higher than C things but lower than A items. The products in category C are the least consumable. The rewards on this stock are low, but the risk is also low. They frequently represent a sizable chunk of your stock.

(4) Establish reorder points: Although it might seem straightforward, reordering can be a challenging aspect of inventory management. Without having to deal with the carrying expenses of dead stock, you want your consumers to have immediate access to your inventory. You can establish these levels in inventory control software so that it will notify you when a product falls below a predetermined level. Using EOQ or ABC analysis, you can specify reorder points for certain products. You may be able to better manage your lead time with its assistance. Lead time is the period between placing and receiving an order to replenish inventory. The quantity of goods you require is impacted by this aspect. Wasteful warehouse space is taken up by dead stock. In the US, the average cost per square foot for warehouse and distribution centre space is $5.08. You can also use an inventory planning system that is data-driven to enable more precise replenishment.

(5) Conduct routine audits: You should still do routine checks for theft, spoilage, and other human errors even if you utilise inventory control software. Additionally, you want to make sure that your inventory is being discussed among all of your departments. Make sure your systems are appropriately transmitting the cost and count of your inventory to your accounting department.

Conclusion

For any organisation, efficient inventory control is essential. Organizations can do this to improve your cash flow and use less money and time on inventory management. One can establish an inventory control plan that keeps track of your assets in real-time by employing automated inventory control software systems and inventory control procedures that will help in managing stock. LogixPlatform provides solutions for controlling stock and cycle counts, identifying reorder points, and tracking inventory across many locations. Costs like revenue per unit, cost per unit, gross margins by product, and labour cost per item will be computed using a reliable inventory management system. The demand planning and distribution requirements planning tools can help in achieving the ideal supply-demand balance across whole enterprise. The software ought to keep track of stock problems, stocking challenges, and delivery times. Real-time dashboards from LogixPlatform grant access to business intelligence from a single system of record for every aspect of your organisation, from fulfilment and support to accounting and sales. Learn more about using LogixPlatform to automate inventory management, lower handling costs, and boost cash flow.

To know more: Schedule a demo

August 30, 2022

5 major components of a logistics management system

Almost all businesses, including manufacturing, retail, FMCG, e-commerce, and courier service, rely heavily on logistics management. It deals with the transfer of things from one location to another. It is essential to use a methodical approach if you want your logistics operations to run smoothly and affordably. Logistics management is intricate and crucial to how businesses run their supply chains. In the flow of commodities from manufacturer to distributor or customer, the essential elements establish and enforce uniformity. It describes the supply chain’s logistical operations. As the industry evolves and calls for quicker and more efficient logistics to get a product into the hands of a consumer or distributor, having a thorough understanding of the fundamental elements of logistics management is essential. Once you comprehend them, you may choose how to control them to guarantee on-time deliveries while utilising the fewest resources and spending the least amount of money.

Key components of logistics management

(1) Planning: Materials Handling, Storage, and Warehousing : The market is erratic and incredibly vulnerable to supply and demand imbalances. Although the supply of commodities may remain constant, consumer demand does not. It is unpredictable since a variety of circumstances have a direct impact on it. A constant and continuous supply of goods from the manufacturer to the consumer is made possible in large part by effective logistics management. To keep a healthy supply chain, excellent planning becomes crucial. There may be an excess of commodities produced or an insufficient supply of goods during fluctuations in supply and demand. Warehouses and storage facilities play a role in these situations. To ensure the preservation and management of the commodities, efficient logistics planning becomes vital. It gives organisation and synergy. One of the most crucial aspects of logistics management is planning. It is crucial for ensuring that the process’s many components are coordinated and carried out successfully. It develops mechanisms and procedures to ensure prompt product delivery.

(2) Unitization of packaging : The upkeep, safe transit, and delivery of commodities all depend on proper packing. As a result, it is a crucial element in logistics management. Typically, businesses package their goods in a cuboidal shape to facilitate storage, movement, and transportation. To successfully deliver the product into the proper hands in the best condition possible, the packaging’s design, shape, material, and even colors are carefully considered. When a product is being delivered from the manufacturer to the consumer or distributor, packaging protects it. The eventual goal is to pack everything into a cube, which is the most convenient shape for storage and transportation. Together, packaging and unitization pack products and goods of all sizes and shapes into cuboid shapes.

(3) Inventory control : Maintaining data on the available stock, warehouse availability, market demands, and other relevant items as part of inventory management. Organizations can maintain a balance between supply and demand by managing and controlling their inventory properly. They can decide how much inventory has to be kept on hand, where it should be kept, and in what quantity. Accurate order fulfillment, effective order planning and arranging, tidy warehouses, improved benefits, and client retention are a few advantages of inventory control.

(4) Transportation : A challenging and expensive aspect of logistics management is transportation. It can account for 50% of the logistics expenditure, which puts pressure on businesses to find the quickest and most affordable method of getting items to customers and distributors. Transportation encompasses a variety of modes, including air travel, freight trains, road vehicles, and shipping. Perishables don’t go very far, but a lot of other commodities do, and they come from all over the world, complicating things like tax laws, customs clearance, and payment options. Before the goods even leave the warehouse, all of which need to be resolved. In the rapidly expanding e-commerce sector, transportation is crucial. Consumers have high expectations for prompt and accurate delivery of their purchases as well as for their return. To ensure quality and efficiency when dealing with a 3PL, it’s crucial to collaborate with a business that offers dependable and open logistic services.

(5) Information Management : To gain meaningful insights and make better decisions for logistics management, maintaining the proper flow of information is essential. Additionally, it is critical to develop improved algorithms and make the most use of technology for each step of the logistics management process. Effective management is undoubtedly aided by all of the aforementioned factors, but handling them all requires a sizable staff of logistics experts. Spending money on software that extends end-to-end logistics management is an option for this. Many businesses offer this type of software, however, LogixPlatform is the most reliable. For SaaS-based logistics software with the best features and functionalities, get in touch with the company’s expertise.

How can Logix Platform help you manage your entire logistics operations in one place?

LMS (Logistics Management Software) streamlines logistics processes by streamlining the production cycle and facilitating quick access to vital data. Businesses may manage the many steps in the production cycle, from receiving raw materials to sending finished goods to customers, with the aid of logistics management software. Software for logistics has expanded in scope and capabilities to handle a wide range of operations and processes. It is comparable to supply chain management software (SCMS), which has capabilities for managing suppliers, procedures, and transactions.

The Benefits of Logistics Software

Giving the task to a logistics management software offers many benefits in logistics. The following advantages could be obtained by a business or third-party logistics provider using logistics management software.

Refine Transportation : A key component of logistics is transportation. It is the most expensive in terms of fuel, energy, labor, tolls for the roads, and shipping costs. Relying on logistics software can help manage the numerous transportation ways and exploit the operational data for process automation. With the use of logistics management software, it is simple to examine data and come to informed judgments that will increase productivity while lowering expenses.

Faster Delivery : The logistics and supply chain sector deals with several problems that slow down deliveries. Businesses may quickly deliver their items to clients by using logistics software. By making significant adjustments to the manufacturing cycle and selecting the most appropriate carrier, logistics management software can increase delivery speed. In the end, it significantly lowers delivery delays.

Reduce Human Error : Reducing human error is a significant benefit of using logistics management software. Large amounts of transportation data require manual processing, which is challenging, time-consuming, and error-prone. A logistics program can swiftly and accurately process these data, advancing the processes with little to no delays.

Automates Tasks : The integration of logistics software is a great benefit for process automation. Utilizing logistics software makes it simple to automate and manage tasks like planning loads, designing shipment routes, and tendering loads to carriers. Additionally, it gets rid of paperwork, which makes it easier to handle operations quickly and effectively.

Reduce Costs : Logistics software may analyze shipping providers, delivery personnel, and transportation techniques automatically to determine which ones are most affordable. By improving shipping planning, logistics software also lowers the need for expedited shipments, which is another way it lowers costs.

Choosing a logistics solution is the first step toward streamlining the complete cycle of supply chain and logistical operations. A customised logistics management solution that can satisfy the needs of each supplier is necessary for the efficient administration of each phase from procurement through delivery. For instance, a company without a dedicated logistics division needs a software management tool that can enhance its current methods.

May 26, 2022

Why E-commerce Marketplace Integration Is Crucial For Multichannel Sellers?

Revenue growth is critical for e-commerce enterprises. In just over a decade, the e-commerce industry has grown by leaps and bounds, revolutionising the way consumers shop. The goal of e-commerce enterprises globally today, led mostly by B2C behemoths like eBay and Amazon, is to satisfy as many customers as possible while continuously scaling up their website traffic, thereby growing their reach. To grow their business, many of these e-commerce companies are adopting a multi-channel business model, but this comes with its own set of obstacles. Lack of consistent branding and messaging across various channels; difficulty with inventory management for each channel and the risk of inventory mixup; managing multiple customer relationships across various channels, which is not only time-consuming but also expensive are some of the challenges faced by e-commerce sellers in a multi-channel model.

What is meant by e-commerce marketplace integration?

This API-based application connects various online marketplaces to a single selling platform in a two-way manner. By connecting diverse e-commerce processes, establishing linkages with inventories, and transferring data from many channels into a single operational platform in real-time, the e-commerce marketplace integration facilitates multi-channel sales.

It lets you organize your product lists across a variety of online marketplaces, including Lazada, Noon, Walmart, Amazon, and others. E-commerce marketplace integration has numerous advantages. Uploading new product details, downloading pending orders, writing invoices, producing labels, printing dispatch manifests, tracking orders and shipments, checking and updating inventory stock, and more can all be done with this tool.

What Are the Advantages of Using an E-Commerce Marketplace?

(a) It automates the selling process : By automating the entire workflow, including product upload, figure updates, order administration, and so on, e-commerce marketplace integration removes the majority of manual operations.

(b) Increased Data Transfer Speed : The data flow is rapid and secure because of the real-time connectivity of APIs from all seller platforms. Each data transfer request is verified. It reduces errors by removing friction in the data flow from marketplaces to online stores and inventory.

(c) There is no platform switching : One of the most advantageous aspects of marketplace integration is that it eliminates the need to switch platforms to handle operations. Instead, all operations may be managed from a single dashboard. E-commerce marketplace integration also saves time and effort for sellers like you by simplifying the selling process. This allows you to focus on other important tasks.

(d) Expand Your Channel Coverage : Through increased listing performance, integration improves product visibility. It allows retailers like you to connect your gateway to a variety of marketplaces.

(e) Outshine the competition : Another advantage is that it makes it easier for e-commerce sellers to compete. By repricing products as needed, you can claim the buy box at any time. You can also control discounts and maintain uniformity across all marketplaces.

(f) Increase the visibility of inventory : You can centralize data across all channels with multichannel inventory control software. The major advantage is that you can keep track of inventory at all of your stocking locations. If a default delivery destination is unavailable, or if the default location is an out-of-stock product, you can deliver it from the next closest location.

(g) Expand Your Audience : Another advantage is that selling on several platforms allows you to increase brand awareness. It enables you to reach out to new consumers by exhibiting your products on different platforms and developing a brand presence across multiple channels.

(h) Make Demand Sensing Better : Overstocking can be avoided by integrating an e-commerce platform. It occurs as a result of inadequate forecasting and data collecting, as well as poor planning and anticipation of demand fluctuations. A multichannel inventory control software gives you precise sales estimates, allowing you to avoid overabundance or undersupply situations that cut into a company’s profitability.

(i) Eliminate Errors : E-commerce marketplace integration guarantees that all processes are integrated seamlessly, reducing the risk of errors affecting your everyday operations.

What are the Characteristics of an E-Commerce Marketplace?

(a) A single dashboard : You may assess the efficacy of your sales campaigns across several marketplaces using an accessible centralized dashboard. It allows you to keep track of the marketplace’s best-selling products, account-level orders, current orders, lifetime sales, monthly sales records, and more. An E-commerce marketplace connection allows data to flow between marketplaces and inventory through a single dashboard, making it easier for you to do all of your tasks.

(b) Real-Time Information : One of the most important characteristics of e-commerce marketplace integration is real-time communication between different platforms. It ensures that all figures are updated in real-time, including inventories, orders, and product data. It allows you to sell products across numerous channels while keeping optimal stock levels, eliminating the risk of overselling or underselling.

(c) Robotic Crons : Automated crons are a feature of e-commerce marketplace integration that eliminates manual errors. Crons are commands that prompt the server to complete a preset task on time. It saves you the time and effort of repeating the same tasks, allowing you to focus on more important tasks. It also helps you to increase the speed with which data is sent between different platforms.

(d) Bulk Product Management and Upload : Online shopping mall With integration, you may quickly and easily post bulk products from your online store to the marketplace. This allows you to manage your product catalog more efficiently and devote more time to other critical operations.

(e) Order management centralized : This is one of the aspects of e-commerce marketplace integration that allows merchants to perform all types of order-related operations from different platforms from a single location, such as accept, reject, ship, or cancel orders. If e-commerce sellers cannot manage online orders on schedule, they risk losing existing or potential clients. Sellers don’t have to log in to numerous platforms to manage their orders thanks to a centralized order management system.

(f) Support for multiple seller accounts : Marketplace connection enables you to manage several accounts from the same marketplace at the same time, regardless of geographic limits. You can sell the same inventory from a single location using numerous accounts.

(g) Shipment and tracking automation : The automatic dispatch of inventory is made easier with e-commerce marketplace connectivity. You may connect with prominent carriers using centralized inventory management software to ensure that each order is completed and products are delivered to clients on time. With a marketplace connection, you may also track a shipment in real-time. All other details, such as billing/shipping address, shipping carrier, tracking code, and live position, are given to sellers to monitor from their website once the goods are released for delivery.

(h) Live Notifications that are Automated : The connection of an e-commerce marketplace guarantees that you receive automated live notifications on your web portal. On your portal, you can get immediate updates on any new orders received or refused, low inventory, and so on. For more live notifications, you can further customize the marketplace.

Conclusion :

Logix Platform provides an E-commerce marketplace integration for multi-channel e-commerce sellers, it allows you to sell across different channels using a single platform. It also allows you to reliably target more clients across many geographic locations and receive real-time order distribution changes. Most importantly, it eliminates the need to move between different channels manually, allowing you to post products in bulk. It allows you to devote more time to your work.

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