3 main ideas for strategic material handling management
by Martin Jacob Equip2goIn
the supply chain world, return processing is a part of the reverse logistics
market, and businesses cannot ignore this segment, as by 2025 it will reach 60
3603.9 billion. This declarative growth is directly related to the boom in
online shopping, which just seems to be accelerating with the help of equip2go.com.au.
Businesses
Since online businesses are in search of customer loyalty, a positive shopping
online shopping experience is paramount for customers. That experience does not
include competitive pricing and fast delivery; Instead, it should include a
customer-friendly return policy. A customer support survey completed by
Insights for Internet Retail found that "shop %% shoppers say that return
policies affect their decision to shop with an e-retailer." The Consumer
Report found that 62% of consumers said they would "buy again" from ret online retailers offering free returns.
Managing
returns is not easy when there is an opportunity to unlock additional
profitability and value. This has been made clear by recent contrast logistics
surveys, which have shown that each company manages returns differently. If
this is the case, what are some of the keys to effectively establishing your
organization to manage returns in order to profitably drive customer loyalty?
1. Easy return process
The
process of returning driving efficiency to the organization for the customer
should be quick and easy. It starts with the web interface to start the return.
The
interface should be intuitive and accessible to start the return process. A
return label must also be developed in this interface for tracking the status
of the returned item or placing it on the original packaging. This small step
creates visibility for the consumer and the business.
Internally,
the Warehouse Management System (WMS) will give you proper control to avoid
inbound traffic hiccups and root products. It also provides your customer
service and gives the team the confidence to accurately report updates and
guide customers as needed.
2. Efficient processing
Customers
are confirming that the returned item has been received and the credit is
completed. Eliminating process reporting intervals will increase customer
satisfaction and the likelihood of returning customers.
Towards
business, fast processing allows the item to move quickly from return to
inventory to fulfill order. A quick assessment of the return status and the
status of the product will help to speed up decisions and product movements.
This means generating revenue faster and more efficiently.
3. Effective automation
The
effective automation of the return process inside the warehouse begins with the identification of the returned item and the assessment of its condition.
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Created on Mar 10th 2021 06:33. Viewed 246 times.