Cost management strategies in sales and fulfilment
With the rapidly rising popularity and demand for omnichannel e-commerce experience, cost management in sales and fulfilment has become crucial to maintaining profitability while meeting or even exceeding customer expectations. Understanding the various factors, like setup, labour, packaging, equipment, and rent and utilities, that contribute to the cost of the order fulfilment process can help businesses optimise their cost management strategies. Taking steps to enhance worker productivity, embrace automation, streamline inventory management, and leverage economies of scale can help modern retailers lower their sales costs. Integrating these into the sales strategies will not only enhance efficiency and lower costs but also help businesses stay competitive and agile to meet the evolving expectations in the modern e-commerce landscape.
