The Benefits of Implementing a Logistics Automation System

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.

7 Ways to Future Proof Your Warehouse

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.

7 Ways To Save on Shipping Costs

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.

Inventory Management

Inventory Management

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.

5 major components of a logistics management system

Ecommerce Integration

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.

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

Ecommerce Integration

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.

Unconventional Delivery Methods And Their Last-Mile Delivery Benefits

Last Mile Delivery

As package quantities increase, corporations may turn to unconventional delivery methods like bikes, skateboards, and drones in the future years to reduce last-mile expenses and improve sustainability.

The high costs of last-mile delivery (more than half of the total delivery costs) are due to the loss of cost-cutting methods used in the preceding miles. Without the efficiency and economies of scale provided by consolidated shipping, bulk shipments are broken into thousands of individual deliveries, each with its service level, end location, contact information, and other details.

Although technology such as route optimization has made significant progress in helping delivery fleets to tackle this problem, trucks, and vans are no longer the only participants in the last-mile game worth mentioning. Companies are increasingly seeking alternate and unorthodox modes of package delivery to keep costs down and service levels up as e-commerce propel package deliveries toward a market worth of $666 billion by 2030.

Bikes And Skateboards: Maximising urban mobility for quick delivery-

Personal mobility equipment such as bicycles, roller skates, and even skateboards are gaining popularity as a means of assisting couriers and delivery employees in navigating urban environments.

Aside from their lower prices, these gadgets outperform trucks and vans in various aspects, the first of which is onboarding. The requirement for a driver’s licence, valid registration, and road experience is removed, making it easier to find delivery employees. Another key benefit is mobility, which is the whole purpose of these devices: a courier on a bike or skateboard may travel where a driver cannot and use pedestrian paths to avoid congested roads. In urban delivery, GPS tracking has revealed that bikes can be 1.6 times faster than vans.

Switching away from conventional delivery vehicles has significant environmental and ecological benefits. For example, an e-cargo bike is predicted to generate at least eight times fewer emissions per kilometer than a diesel van, while also assisting in the reduction of urban congestion created by delivery vehicles hunting for parking. With its Eco Courier service, Indonesia’s Westbike Messenger has set a good example by providing same-day delivery in Jakarta utilising bicycles that do not require engines or gasoline.

Drones and robot couriers are the next steps in delivery automation :

High-tech delivery automation in aerial drones and ground-based courier robots of various types has a bright future. Drones already account for more than 61 percent of the autonomous last-mile delivery business, which is predicted to increase at a 19 percent CAGR over the next decade.

Drones have already been used to carry e-commerce purchases, food, and even medical supplies around the world in recent years. The costs of a traditional ground-based fleet would be eliminated by using a fleet of these unmanned aerial vehicles to transfer items from hubs to adjacent addresses. When integrated with consumer-facing app-driven track-and-trace features, this would enable a delivery pace that reduces failed attempts and maximises pleasure. With time, current trucks might be used as mobile launch bays to integrate drones into last-mile operations, extending on-demand drone coverage and assisting drivers in maintaining SLAs in hard-to-reach locations.

Autonomous courier robots, whether wheeled, bipedal or otherwise, provide a viable alternative to trucks and vans. Aside from saving money on experienced drivers, these machines can work around the clock, just like their aerial drone counterparts, responding to requests at any time of day and even waiting for clients if necessary. Drones and delivery robots are both substantially greener than conventional cars because they are driven by electricity. Drones, for example, generate up to 54 percent fewer pollutants than trucks on short-distance runs, according to studies.

Both of these machines are expected to work together in the future to automate the last mile. According to studies, robots might transport more than 20 billion items per year over the next decade, producing $50 billion in revenue. With these advancements and the rise of personal mobility devices as a viable option for delivering consumers in dense or infrastructure-deficient urban environments, delivery fleets have a variety of possibilities for future expansion.

As you can see, a reliable last-mile delivery system may significantly improve your productivity and delivery experience. LogixPlatform has been enabling retailers all around the world to improve their last mile operations and increase delivery efficiency. Sign up for a brief demo to see how we can improve your last-mile.

Transform Your Customer’s Journey With Effective Omni-channel Logistics Solutions

Omnichannel Solution

With increasing internet penetration and the ubiquity and low cost of smartphones, consumer purchasing behaviour is shifting dramatically. With so many options, consumers are finding it easier and faster to find, assess, buy, pay for, and return things. The truth that these changes will bring is that a customer can interact with a company via omnichannel at any moment. Many merchants and manufacturers around the world are attempting to adjust to the new reality, which is emerging as a trend and a clear requirement for long-term survival.

Today’s consumer experience does not end with the purchase of a product; it continues until the product is delivered. A standard multi-channel strategy will not be enough to meet client expectations right away. Information accessibility, quickness, and personalization of service are critical factors in wooing today’s customers. Offline and online, the channels operate independently and frequently compete with one another. Companies must adapt to a high-performing, cost-effective, omnichannel network to provide excellent customer experience across all channels.

New omni-channel logistics models combine in-store operations with traditional and e-commerce supply chains in the hopes of increasing profit and performance. Companies must focus on two main areas to build and develop a cost-effective omnichannel supply chain: increased speed and convenience, and a high-performing cost-effective network.

To orchestrate flexible fulfilment options across channels, supply chain networks must be significantly more adaptable. Converged inventories are being used by leading retailers to improve enterprise-wide stock levels while maximising availability across channels. Retailers must be able to allocate and fulfil deliveries on a dynamic basis.

Companies may now create flawless experiences at a low-cost thanks to new-age technologies. By providing customers with real-time visibility, brands can ensure consumer loyalty.

Enhance Speed, Flexibility, And Personalisation Through Last-Mile :

Converged inventories are being used by leading retailers to improve enterprise-wide stock levels while maximising availability across channels. Retailers must be able to allocate and fulfil deliveries on a dynamic basis.

Companies may now create flawless experiences at a low-cost thanks to new-age technologies. By providing customers with real-time visibility, brands can ensure consumer loyalty.

Predictive analytics and data visualisation can help improve future demand patterns and find products closer to customers, allowing for faster and more cost-effective delivery. Invest in a mobility solution now to create a cost-effective and adaptable logistics system for Industry 4.0!

When a consumer or direct salesperson places an order with any eCommerce website, the warehouse team builds a ready-to-ship package and digitally notifies one of the various 3PL partners through LogixPlatform. As a result, the ‘after order’ customer engagement begins, which is critical in today’s era of the client as the centre of all corporate activities. Ecommerce store has reduced delivery times and evaluated 3PL partners based on their on-the-ground performance, separating the star performers from the laggards, thanks to the nimble and flexible mobility solution. Various multinational companies are using technology and mobility to improve customer journeys to be successful in omnichannel logistics.

With LogixPlatform you can also build a high performance cost effective network with great customer satisfaction. To know more about LogixPlatform, Visit: https://logixplatform.com/ or book a demo with us now.

Complete Guide on eCommerce Fulfillment

eCommerce Fulfillment

E-commerce fulfilment is the series of steps you take to complete customer orders. The process includes inventory and order management, warehouse organisation, packing and shipping, customer communication, and much more.

Whether you use third-party fulfilment services or handle orders in-house, ensure your operations meet customer demands. This encourages your customers to buy from you repeatedly and spread the word about your exemplary customer service.

Increasing product demands may require you to get additional support. In that case, you need to select an advanced e-commerce fulfilment system that can help accommodate your business growing needs. How well your business carries out its eCommerce fulfillment is one of the prime determinants of whether your online business is going to succeed or fail. A well-run eCommerce fulfilment system will aid in expanding your business while also saving you time and money. The best eCommerce fulfilment services and strategies help in transforming the cost centred logistics into revenue drivers by improving conversions and driving more sales.

What is Involved in the eCommerce Fulfillment Process?

An eCommerce fulfilment process involves receiving, storage, order processing and returns for a product to reach the customer after they have placed their order through your eCommerce platform. eCommerce fulfillment process can even extend up to reverse logistics in case if the customer chooses to return the product. The goal of your eCommerce fulfillment process is to make sure your customers are happy and satisfied with your product and that your business succeeds.

What to Consider When Looking for an eCommerce Fulfillment Solution?

Finding an eCommerce fulfilment solution that fulfills your business needs is important. To do so, the following features are a must in your eCommerce fulfilment solution:

Easy Set-up :

Choose an eCommerce fulfilment solution that is easy to set up and integrate with your eCommerce platform. Such a set-up should let you synchronise your online store with your fulfilment service, allow importing of orders, configure shipping options, send data and facilitate returns to mention the few important functions.

Inventory Management Features :

Using an eCommerce fulfillment service that gives you real-time data of your inventory’s status, quantity and locations are important to enable faster and cheaper shipping and thereby more customer satisfaction and retention. Your eCommerce fulfillment service provider should have an inventory management system such that it lets you replenish your inventory quickly and also send faster inventory transfer requests.

Analytics and Reporting :

The eCommerce fulfillment service that you choose should have a system in place for analytics and reporting. The analytics and reporting done should be for storage costs per unit, shipping costs and fulfillment centres which need restocking. These analytics will help you to know about the cost of goods sold incurred and how you can reduce it and thereby earn more, improve your cash flow statement, and have a positive balance sheet.

How can LogixEcom help you manage your eCommerce store with an advanced eCommerce Fulfilment System?

With eComGlobus, get access to advanced eCommerce fulfilment solutions to manage the entire logistics operations of your shopify store very easily. With eComGlobus, get benefits of amazing eCommerce logistics features that will support you to manage your warehouse operations, fulfilment, procurements, last mile delivery, return and refund management.

If you’re looking for an all-in-one eCommerce fulfilment system to manage the eCommerce logistics operations of your eCommerce store then get in touch with us.

Top 5 Reasons To Switch To A Cloud-Based WMS

Cloud WMS

The decision to invest in a cloud-based warehouse management system (WMS) is frequently prompted by the presence of sub-par systems inside the exclusive supply chain. In daily operations, cloud ERP technology is one of the best, safe, and secure storage media for personal and professional data. You can’t ignore the revolution that technology can bring as a warehouse company or a corporation with warehousing activities. Warehouses require Cloud WMS to support their operations, particularly when manual techniques are no longer effective. The market is constantly changing, and with changes in connected industries, there is always a need for adaptation. Your present local warehouse management software, on the other hand, is unable to meet the challenge.

This is especially true in the age of e-commerce, therefore supply chain directors should think about the following top five reasons to use a cloud-based WMS.

1. A cloud-based WMS’s scalability is limitless :

The first challenge that a typical, non-purpose WMS solution presents is scalability. Existing systems may be unable to handle an increase in the number of SKUs controlled, and as the number of SKUs grows, this problem will cause severe bottlenecks and delays in order fulfilment. A cloud-based WMS, on the other hand, provides near-limitless capabilities by leveraging the resources and top firms for businesses of any size.

2. Cloud Computing Boosts Cybersecurity :

Cybersecurity is an essential component of every successful Internet-based system, and the web-based capabilities of cloud-based systems necessitate an unrivalled level of protection. Although cybersecurity may not appear to be a major concern in the modern warehouse, it is crucial for ensuring customer service and increasing brand value.

Because cloud-based vendors are hosted in the cloud and are vulnerable to cyber-attacks, vendors have invested millions in developing advanced cybersecurity measures, allowing your company to benefit from cybersecurity initiatives and protocols without incurring the costs of development and implementation.

3. A modern warehouse management system (WMS) can perform the functions of multiple warehouse systems :

In today’s environment, the capabilities of a WMS have blended with those of Warehouse Execution Systems (WES), Warehouse Control Systems (WCS), and other supply chain management systems. Companies can use a cloud-based system to access multiple system features from a single location. Of course, using a cloud-based WMS allows for faster system integration, allowing businesses to take advantage of new technology and platforms as they become available.

4. SaaS-based payment models may be available from cloud WMS vendors :

When considering upgrading to a cloud-based WMS, one of the most important items to consider is payment structures. Non-permit solutions may preserve proprietary value, but they come at a hefty expense. Upgrades to existing systems can easily push your initial expenditure into the hundreds of thousands of dollars while establishing a new in-house system for usage can cost millions.

Meanwhile, software companies have already created modern, complex WMS systems and platforms that take advantage of cutting-edge technologies and algorithms to boost operational efficiency. A cloud WMS vendor may offer software-as-a-service (SaaS) payment mechanisms, which allow businesses to use the software for a fraction of the price of a traditional WMS.

5. Cloud Advantages for E-Commerce and Omnichannel :

The adoption of a cloud-based WMS is beneficial for e-commerce and omnichannel. Customers are affected by any disruption to a non-permit solution, whether it is for updates or to correct a fault because e-commerce and omnichannel operate around the clock. Furthermore, a cloud-based WMS enables large-scale product selection and variety to suit omnichannel and e-commerce demands.

Logix-WMS got all these covered :

Inventory control is simplified throughout the distribution centre thanks to the warehouse management system. As a result, the company’s warehouse management process can boost operational efficiency and cash flow. LogixWMS, cloud-based Warehouse Management System solution has supported services through inventory management, accounting process automation, and overall warehouse management enhancement through products and services. Logix WMS can easily manage multiple warehouses, organise your sales and transfer orders, provide real-time data about your inventory, and give you accurate reports.