Running a business today is a lot of work. From maintaining an online presence on social media, to providing an inventory on your online store, to managing your warehouse, to keeping your customers happy, there’s no shortage of work to be done. Juggling all these processes on your own as your business grows can become too much, resulting in mistakes, damaged orders, frustrated customers, and poor customer service. Finding the right way to handle your CBD fulfillment is essential to building your reputation as a quality, professional, trustworthy, competitive supplier. Here are some important points to help you find the right CBD fulfillment services for your business.
Why would any small but growing company choose to pay for fulfillment services for startups? Wouldn’t it make more sense to save that money and put it towards growing the company even more? While the cheaper option may sound like the better option, small business fulfillment services are extremely valuable, if not necessary as you grow. Once you look at how a growing business increases your responsibilities and your customer expectations, you will realize the need to hire a third-party fulfillment center (3PL). If you’ve been holding out on hiring a 3PL partner but notice your business is growing, here are some challenges they can help you with.
Challenges Faced by Startups
Understanding your customers’ needs and making wise decisions on how to manage them through inventory is a challenge in today’s buying environment. There are many problems faced in inventory management, but these issues come with solutions. Managing your inventory is more complex than it may seem. Here are some of the most common problems and challenges in inventory management, and how you can improve your business to overcome them.
Challenges in Inventory Management
Lack of Knowing Your Inventory
Being unaware of inventory levels has a largely negative impact on supply chains. Companies should make sure they have full visibility of their inventory at all times, to know when stock needs to be replenished. It is also important to understand what is in stock, what is going to be ordered, the size and quantity of the order, and what items need to be replenished. This can be a cumbersome task, but it is essential to ensuring profitable business operations.
In product fulfillment, failures can and will happen. While they may be impossible to predict, some are more common than others and can be easily prepared for.
Many product fulfillment businesses think having an e-fulfillment service means nothing can go wrong, but the online aspects of a business are just as prone to error as the offline ones.
You’re likely more than busy enough running your fulfillment company; after all, today’s fulfillment companies are large, multi-channel enterprises. It’s not just about taking orders and shipping them out; it’s also about delivering quality goods to loyal customers and, above all else, sustaining a high reputation.
As such, it can be difficult to keep things running smoothly. However, there are ways to make operating a fulfillment business easier. Check them out:
Product fulfillment services overall is a difficult industry, but the toy and game industry is an especially tough market. Several factors are against its success; the most prominent of which being the declining world birth rate, and the shift from children playing with physical toys to now being in the digital space.
Despite these challenges, the toy and game industry continues to grow and experts believe the industry will keep growing up until at least 2018. The key for toys and games fulfillment is an experienced logistics company who can manage the nuances of shipping to both B2B and B2C customers within this industry.
When dealing with product fulfillment services, “accuracy” is a term with multiple meanings. Aside from the obvious—getting the correct order to the correct customer—accuracy also means being able to fulfill the order within the promised time frame and to deliver the product in good condition. In short, accuracy is how well your product fulfillment service can uphold your business’ most basic promise to the customer: that they will receive the item they ordered in the time frame that was promised and in proper condition.
It shouldn’t be surprising in our current online era that grocery stores are making the leap to digital. This shift has already taken place in countries like France and Germany, and it is methodically making its way to North America. But as the demand for online solutions to a traditionally in-store consumer activity continues to grow, there have also been some early challenges to online grocery product fulfillment.
On-demand CD and DVD fulfillment services give online merchants and media companies the flexibility to manage orders in an efficient manner and at an affordable rate. These businesses no longer need to be burdened with determining stock, and instead they can create a system where CDs and DVDs are printed and shipped at the customer’s request. Businesses are able to operate on a pay-as-you-go scale, meaning they only pay for the CDs and DVDs that have been ordered.
You are likely familiar with the term “third-party logistics,” or 3PL, especially if you have read other articles on this site. You may not, however, be familiar with the concept of “fourth-party logistics,” or 4PL. This is understandable, since 4PL comes up much less often. It is important to know how to recognize and differentiate between these two types of services since they have very different uses when it comes to your own logistics operations.
What Are Fourth-Party Logistics Services?
Picture a bicycle wheel, with each spoke representing a different part of the supply chain or fulfillment process. One spoke is for business management, one