What is eCommerce?
eCommerce is the process of online purchasing and selling goods in an online marketplace by exchanging money and information between the seller and buyer. eCommerce gives an option to everyone for doing business.
Ecommerce has four different structures or ways that are given below:
- Business to business: It is a type in which a company provides a service or good to another.
- Business to consumer: In this type, the seller directly contacts the buyer, also known as the direct eCommerce model.
- Consumer to consumer: It is an eCommerce type in which a consumer sells items to another consumer.
- Consumer to business: It is the type of eCommerce in which a consumer sells any service or goods to a company.
What is fulfillment?
Fulfillment is defined as a complete word for the whole eCommerce process. It is a system that works to fulfill the demands of customers. Ecommerce fulfillment in Canada is the entire process behind getting a request conveyed to a client after they request it on the web. This process involves the seller accepting and putting away stock, handling orders, picking things, packing boxes, and moving the stuff for transportation to the client’s address.
Steps In eCommerce Fulfillment
Few steps complete the process of eCommerce fulfillment that are:
SETTING YOUR WEBSITE
The initial step is choosing the right platform to start your eCommerce business; you can do it using a well-known e-commerce site like Amazon or Ali express or design your website. This step also involves thinking and planning about the product you want to sell to provide good revenue and be easy to handle.
STOCKING YOUR INVENTORY
After setting up your website, the second step you need to take is to fill your inventory with all the required stock that you need to give to your customers. This step is also called inventory management. Perhaps the main thing of inventory management is sorting out how much stock you have close by. Too much stock is never in the favor as it can result in lousy revenue, paying a lot for capacity; Too little, and you’ll run out, neglect to fulfill client needs, and pass up likely deals.
RECEIVING CUSTOMER’S ORDER
Register your customer’s order in your system and then move it on to inventory for the proper selection of items from stock. Receiving customers’ orders is a good idea of regulating all purchases your clients make. It includes getting, monitoring, and satisfying client orders across deal channels. Ecommerce businesses have the option to deal with all orders in a single spot, from when they are put to when they are delivered.
PACKING ORDERS FOR YOUR CUSTOMER
This is an essential step as it forms an image of your brand on the customer. In this step, all the items are packed, and you can customize them as well. The best eCommerce bundling for the ideal unpacking experience includes a blend of the correct box and the right cards and stuff. These little details take bundling your item from a regular conveyance to a genuinely custom bundle.
SHIPPING THE ORDER
Delivery in this process is tricky; shipping the order to the customer’s place without any damage or any other issue.
Shipping completes half of the fulfillment process. This step involves sending the order to your desired shipping service and notify the customer about the shipping. Being a seller, you can choose options of shipping which are:
- Choosing a third party logistic
- Delivering on your own
In these options, many sellers choose third-party logistics services as they give us multiple services like picking of order or track at a reasonable cost. If you decide to deliver on your own, this can be a stressful option as you have to manage things, which can be costly. You have to make sure that the order reaches the customers without any defect and on time.
This step is not necessary. Whenever any customer orders and gets the wrong size or product, then this step takes place. When this occurs as a seller, you should be set up to handle the return as quickly as time permits. This incorporates ensuring the thing is arranged appropriately and a discount is conveniently given to the client. You can set options in this case, and you can choose between refunding the amount to the customer, exchanging the product, or giving discount coupons or free vouchers to them.
eCommerce Fulfillment Cost
eCommerce fulfillment costs can vary depending on the type of business. If you are doing it on a small scale, then the cost can be less, whereas if you are doing a well-established eCommerce business, then the price can be high. All these fulfillment costs are dependent on some factors through which the total cost can be calculated, such as:
- All the boxes and other items like duct tape and décor used in the packaging step count in fulfillment cost.
- Transportation cost is high, and it can have a significant influence on the total fulfillment cost.
- Delivery exceptions or dealing with problematic customers can be costly sometimes. What does delivery exception mean? This term refers to any delays in delivery times you may encounter.
If you are a seller, you have to bring accuracy to your eCommerce fulfillment process as all the success of your business depends on the fulfillment process. Every step is an integral part of the process, and you have to make sure that you provide the best to your customers to gain their trust.