• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Software

The Future Of E-commerce And Warehouse Management

Contributor by Contributor
September 12, 2019
in Software
Share on FacebookShare on Twitter

It’s no secret that eCommerce is rapidly changing the way people shop. On top of that technology has been the cherry on the cake as it has revolutionized the supply chain management functions like inventory, orders, warehouse, and logistics.wareh

According to India Brand Equity Foundation

“India is the fastest-growing market for the eCommerce sector. Revenue from the sector is expected to increase from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, highest in the world.”

You must have gotten a slight idea about the scope of eCommerce in the coming time. Let’s take a deeper dive into the subject!

Forthcoming Time: Operational Activities Of The E-commerce Industry

Before the onset of the eCommerce era, warehousing activities were done manually. It included the physical counts, stock location and updating the stock levels of the goods in the inventory. But with the advancement in technology, all the eCommerce businesses are rapidly employing automation and fulfilment software to manage their supply chain functions. Here’s how:

 

The Shift Of Focus: Personalized Customer’s Experience

The number of e-retailers continues to grow since the past years and customers don’t want to limit themselves to one choice. That is why they are consistently moving between online and offline experiences. Also, they are opting in specifically for the retailers who can provide with these transitions. And this balance can be struck only through Omnichannel retail solution.

 

Pulling Out An All-Rounder: Automated Supply Chain Management

To expand the eCommerce business, retailers are letting go of the excel spreadsheets and manual inventory checks and updates. It becomes necessary to have clear insights on when to replenish the stock to assist you better utilize warehouse space. It helps save on operational costs and meet market demands. Therefore, all the eCommerce businesses are opting for automated inventory to keep their tasks running at the right time.

 

Out With The Old, In With The New: Inventory Management

This is no secret that an advanced inventory management system automates the inventory update, replenishment, sales orders, deliveries, and returns to provide an exact stock position.

 

But how does it help in warehousing activities? Simple!

Real-time inventory information is updated across multiple locations (both offline and online sites and warehouses) simultaneously. The software comes integrated with online marketplaces to ensure your product visibility!

 

Wondering about the benefits? Have a glimpse:

  • Auto inventory replenishment
  • FIFO stock picking
  • Regular cycle counts
  • No ‘stock-outs’

A Change For The Better: Shipping And Logistics

Warehouse automation software comes with pre-integrated shipment partners. One can choose the desired logistics partner and assign the delivery of orders. No more hunting for shipment partners, negotiations and following up. With one click assign all the order shipments and track it! Or simply, enable the seller to ship the product directly to the consumers using dropshipping technology!

 

Chucking Out The Hassles: Digital Payment Methods

The way people shop has evolved in the world of e-commerce. Similarly, how consumers pay for their purchases has also evolved. This includes the use of a variety of digital payment methods available to the customers.

 

Smooth Functioning: Seamless System Integrations

The retailers maintain a range of software solutions for each function and employ resources to update those systems. No doubt, supply chain operations have a lot of processes to take care of. But handling the operations manually data has the risk of errors and duplications. Uniware is one such complete operations management solution. It seamlessly integrates with various functions and ERPs in an organization. This e-commerce solution is designed to assimilate and share process data without error on all the other ERP platforms.

 

The Chunks Of Change: Warehouse Management

Efficient warehousing is the backbone of the eCommerce industry.

According to The Financial Express,

“Warehouse leasing activity in the country grew more than 45% year-on-year (YoY) to cross 25 million sq ft during the calendar year 2018, helped by the expansion in the logistics sector, particularly the growth of online commerce.”

“The impressive growth in e-commerce has been on the back of favourable policy reforms, tech-enhanced warehouses, rising smartphone and internet penetration, digital India movement, among others. This has upstretched the share of e-commerce in overall warehousing leasing uptake in the country from 10% in 2017 to 23% in 2018.”

While a basic warehouse management software only manages the stock location and stock level of the goods in a warehouse. An advanced warehouse management software understands the dynamism required in a warehouse solution. It operates in an omnichannel retail scenario where virtual and physical marketplaces overlap each other.

 

Some extended features of an advanced warehouse management system are:

  • Order routing
  • Inventory management
  • Logistics integration
  • Reporting
  • Returns management
  • Order status sync

Implementation of the warehouse management system gives a competitive edge by:

  • Minimizing labour expenses
  • Increasing labour productivity
  • Enhancing the customer experience
  • Improving inventory accuracy
  • Lowering shipment time.

 

To Sum Up:

The supply chain management is bubbling up with new technological innovations and disrupting the traditional ways of managing the operations. Different SaaS tools are providing an all-around multi-channel management solution. It integrates with different ERP systems, gives data insights and provides flexibility to streamline processes and optimize warehouse and inventory management functions.

Related Posts:

  • flixbus-kHqG–1024×512@abc
    Leroy Merlin’s Partnership Deal With Jumia Will…
  • PHOTO-2023-05-15-08-27-42-1024×714
    Shiip's Warehouse Software Debuts For Inventory…
  • DSC01180
    E-Commerce Software Firm, Carbon6 Technologies…
  • Amazon Plans To Invest Another $15b In India By 2030
  • 97A55D0F-C7A6-4CFD-9784-22AB355EAA21
    Haul247 Secured A Million Dollars Debt Financed…
  • 86f6e8faf3b851136dd723886a5a19c7
    OmniRetail Raises $20M to Transform West Africa FMCG…
  • Lifestores Healthcare Will Be Expanding Its Pharmaceutical Marketplace Across Nigeria, After Raising $3 Million in A Pre-Series A Round
    Lifestores Healthcare Will Be Expanding Its…
  • London.,June,2018.,A,View,Of,The,Sign,Outside,The
    PwC Predicts Global Telecom Revenue Will Reach…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: futuristicinventory managementmanufacturingsoftwaresupply chain managementwarehouse management software
Contributor

Contributor

Posts by contributors. You can send in a post to be reviewed and published to info@techbooky.com

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Huawei Officially Launches HarmonyOS for PC May 10, 2025
    • Canada Nears Launch of Instant Payment Technology May 10, 2025
    • Threads Adds Dashboard for Post & Account Limits May 10, 2025
    • Many X Users are Experiencing Timeline Update Issues May 10, 2025
    • Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service May 10, 2025
    • Over 300K Customers Leave 9mobile Over MTN Roaming Delay May 10, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (576) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (709) government (469) instagram (173) internet (467) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (836) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Huawei Officially Launches HarmonyOS for PC

    Huawei Officially Launches HarmonyOS for PC

    May 10, 2025
    Canada Nears Launch of Instant Payment Technology

    Canada Nears Launch of Instant Payment Technology

    May 10, 2025
    Advertisement Coming to Threads from Next Year

    Threads Adds Dashboard for Post & Account Limits

    May 10, 2025
    Many X Users are Experiencing Timeline Update Issues

    Many X Users are Experiencing Timeline Update Issues

    May 10, 2025
    Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service

    Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service

    May 10, 2025
    Over 300K Customers Leave 9mobile Over MTN Roaming Delay

    Over 300K Customers Leave 9mobile Over MTN Roaming Delay

    May 10, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok