New Age Urban Consumer Market trends of 2018
Digital Supply Chain The race of Industry 4.0
With the sprawling of urbanization, the world’s urban population is growing by 65 million annually, with increasing numbers living in ultrahigh-density conurbations: It’s no less than the rise of the megacity and with it, urban consumers, busy, cash-rich and time-poor.
How can e-commerce businesses win them over?
E-Commerce has transformed into a box of happiness for happy shopping. From flat screen television to fruits people shop for everything online by comparing the prices at different websites. No more juggling with the shopkeeper, sky touching prices and shortage of your favorite item at any span of time.
But while the customers enjoy raining discount, fast delivery, return, and exchange facilities the e-commerce consider it tough to deal with the new breed of urban customers who are ready to punch you hard if you don’t stand true to their expectation and demand.
Digital supply chain helps you to place the right product in the right place at the right time. let’s understand how it works.
The popularity of the product on a various digital platform like social media channels, e-commerce sites wishlists trends.. help the manufacturer/ distributor get an indication on the expected demand well in advance and can prepare its supply accordingly.
Today lot of ecommece protals are offering irresistible pre-launch offers to their customers to keep their business alive, to offer their customers something that no other company is offering to earn better loyality and to keep them coming back to their portal. For better inventory management lot of business, houses are opting for virtual warehousing to manage their multifaceted operation, and are developing an omnichannel delivery system to provide customers with a seamless shopping experience.
Turn your WMS for e-commerce fulfillment help
If you have been using the warehouse management system just to identify the stock locations and track your inventory levels, then you need to think again. The modern era’s WMS solutions are capable in solving the challenges associated with e commerce fulfillment. The WMS vendors are building automated processes to enable order streaming facilities and put wall functionalities into their different applications. You can ensure a fast turn around for your customers when your WMS system is in the perfect place.
Use the pick to light or put to light technology to select split orders into one box for convenient shipping. When the new feature of WMS is in action, then the volume of smaller orders won’t freak you out.
The e-commerce giants like Amazon, Flipkart have changed the way warehouse management occurs in today’s era. With the promise of same day delivery or two day delivery, you need to have a virtual warehouse so that you can house your inventory physically anywhere. You can choose the back side of a store, a temporary storage ground or a distribution center from where the products can be distributed as per the requirement. In the concept of virtual warehousing the entire group of supply chain act as a network for the immediate fulfillment of any order. When an order comes on board, you can contact the network and manage your huge stock virtually.
Design omni channel facilities
E commerce companies intend to provide a seamless shopping experience to the customers. But high volume growth comes with various challenges such as managing different products across the channels, co ordinating with the manufacturers and suppliers and staying up to date with third party logistic. Choose the best 3PL partners and connect your in the store buying cycle and pick ups with orders that are placed online.
If you have an omni channel network, then it will not only reduce your cost, but it will also ensure fast and speedy delivery. Manage your vast inventories across fulfillment centres and various channels through omni channel facilities.
Pan India Warehousing Facility,
While you handle end to end operations related to the logistics, you need to have connectivity across all the regions through pan India diverse network of warehouses. You can also opt for a shared warehousing facility and opt for a flexible model of warehousing to ensure speedy delivery and distribution across all the regions. Warehousing and Last mile delivery can also be a good option to get more items to the consumers to cost-effectively and speedily. Consumers are even ready to pay for better last-mile deliveries such as instant or same day delivery.
For more details pls watch our video on the digital supply chain management system. to know more on how does Digital supply chain works pls watch our Video or long on to www.nwccindia.com