4 Key Pain Points of Warehousing and How You Can Solve Them Easily
Admittedly, there are too many hurdles to overcome for an entrepreneur. Especially in today’s times when the world is reeling from the effects of the novel coronavirus. However, this blog is not going to be talking about COVID-19 or the national lockdown. We’re here to discuss the key problems that small and medium sellers face with the storage of goods aka warehousing.
As a seller, you can’t keep your products in your own house and expect things to happen normally in your life. To strike a balance, it is important that your products sit in dedicated warehouse storage where you don’t have to worry about them getting damaged or lost. However, it is not as simple as it sounds because countless sellers face numerous problems when it comes to the storage of their goods. At the same time, we’re here to discuss the 4 main issues that sellers face in today’s times when it comes to warehousing and fulfilment. Keep reading to find out!
- Demand Forecast Gone Wrong
One of the many main pain points of warehouse logistics is that there are times when the stock stored in the warehouse exceeds the acceptable level and results in a surplus. This becomes a possibility when the seller wrongly predicts the demand for the product among his customers. This gradual stockpiling of the product makes it more of an expense than an income when its shelf-life starts to mature and eventually, expires.
- Not Enough Storage Space
And of course, no surprises there – warehousing can be tricky when it comes to the amount of storage space a seller has for their inventory. The seller may not have enough space in the warehouse to keep their merchandise. This could lead to sheer mismanagement of the inventory and damaging of goods.
- Warehousing can be Expensive
For a seller, it can be costly to store goods in a dedicated warehouse. And the matter doesn’t end at mere storage of goods. The process involves hiring people to take care of the warehouse, spending money on utilities to run the space, the key process of order fulfilment, etc. are some expenses associated with the storage of goods that a small and medium business can’t bear.
- Lack of Warehouse Automation
Manual processing can delay the delivery of a product to the customer, which can put a dent in their overall shopping experience. Also, it is crucial to store the goods in their rightful places to avoid any disorderly conduct. After all, you don’t want to increase the time taken to find and dispatch the scheduled order and eventually, embitter the overall shopping experience of the customer.
How Can You Solve These Warehousing Issues?
Automation is key, even in storing your goods. You can solve these problems by resorting to an automated warehousing and fulfilment platform that can be trusted with your inventory. It is instrumental that you outsource your warehousing to a cost-effective solution that can increase your delivery speed for quick dissemination of the products to the customers, probably promise you next-day deliveries, decrease the return rate of your goods, and ensure lower weight discrepancy. As a small/medium seller, you don’t have to invest in additional warehousing space – better to just outsource it to third party warehousing services for the streamlining of the overall business operations.
At the same time, you can avail Shiprocket’s feasible fulfilment and warehousing solutions by using our simple site builder to create your own online store. It is time to make social selling easy for yourself. Because online is the newest battleground for businesses.
Allow us to equip you with the right tools so that you can grow your business and turn it into a proper retail brand.