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Fulfilment is a critical part of the e-commerce process. It ensures that orders are fulfilled accurately and quickly but it can also be expensive. This blog post will discuss how businesses can save money on fulfilment by implementing these tips and tactics!
Use a Self Storage Unit to Store Your Products
A company can save money by using a storage facility rather than renting or maintaining their own warehouse space, especially if they have multiple locations that receive e-commerce orders from all over the world. A self storage unit is a great solution for businesses that don’t have the space to house their products in-house.
Many storage facilities like Spaces and Places Manchester offer safe and secure storage units at competitive prices.
Ship Products in Bulk
Bulk shipping is a great way to save money as it is much more cost effective than individual shipping. The downside of bulk order shipment is that customers may not receive their products as quickly as they do from a business that ships items one by one.
Many shipping companies offer reduced pricing for bulk shipment so it makes sense to at least ask about the possibility.
Maintain a Solid Stock Management Plan
If the products you sell are perishable, it is important that you keep a close eye on the expiration dates. Expired products will eat into your profits, so it is important to have effective stock management and replenishment system in place.
Try to buy units in low numbers to begin with and determine the popularity of the products with your customers before you consider purchasing in bulk.
It is possible to make money from your inventory by purchasing more when it’s in higher demand. For example, if you know that during the month of December people will start buying again and expecting gifts; then buy all year long!
This way at least some parts of what was bought early can be sold off before January so there are no worries about being stuck with unsold products sitting around doing nothing for most part-of-year like last time around (or other occasions where sales drop).
In Conclusion
When it comes to fulfilment for your business needs there are many ways you can do it. You have the option of using a fulfilment centre or outsourcing and storing items yourself which will both save money in some way depending on what you need. For storage units near Manchester we offer affordable options that suit any size company’s requirements so speak with one of our team members today!