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Retailers Increasingly Turning to Third-Party Resources to Handle Fulfillment

Retail TouchPoints

Store-based fulfillment of customer orders got an enormous boost during the COVID pandemic, when both curbside pickup and delivery offerings became survival tactics for so many retailers. For example, in 2022, 21% of respondents said improved supply chain efficiency was a valuable benefit, but that percentage increased to 34% in 2023.

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Harnessing the Potential of Returnless Refunds to Improve Profitability and Customer Experience

Retail TouchPoints

Under ideal circumstances, reducing rampant returns is best accomplished through improving the issues that are most frequently leading to them. While returns can’t always be prevented, they can be leveraged to improve profit margins and even generate revenue.

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Ikea Improves Forecast Accuracy with AI-Powered Demand Sensing

Retail TouchPoints

The AI-powered demand sensing technology is designed to examine short-term demand patterns across various channels using customer insights, market events, pricing, campaigns, localized weather reports, external economic factors and other critical data points to better understand and predict consumer preferences over time.

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Blue Yonder Launches Three Microservices Aimed at Improving Forecasting

Retail TouchPoints

Fulfillment Item Forecasting, Fulfillment Order Forecasting and Fulfillment Labor and Resource Forecasting were designed to enable retailers to better solve these challenges: • Fulfillment Item Forecasting aims to forecast demand based on consumers’ order specifications and aggregate the data within a given postal code.

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Product Substitution: How Savvy Retailers and Manufacturers can Build Supply Chain Resiliency, Reduce Costs and Improve Customer Experiences

Retail TouchPoints

Applying this practice, retailers can proactively troubleshoot stockouts and delays to ensure that customers’ orders can still be fulfilled to their satisfaction in a timely manner. Market conditions are dynamic, and consumer preferences change — retailers and manufacturers need to adapt to these factors quickly.

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8 Steps to Improve Your E-Commerce Order Fulfillment Process

ChannelAdvisor

As a consumer, you appreciate when your online orders arrive safely, on time and at a fair price. This entire process — from initial order placement to final delivery — is called order fulfillment. Now, consumers expect that same ease and convenience with every online store they shop. Steps of the Order Fulfillment Process.

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Contactless Delivery Becomes A Necessity For BOPIS Fulfillment

Retail TouchPoints

That assumption seems to be confirmed by research published by Cotton Incorporated via their Consumer Response Surveys. This same survey also showed that since the pandemic began, 55% of consumers placed a buy online, pick up in store (BOPIS) order, with 25% doing so for the first time. BOPIS Fulfillment Options.