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  There are various ways of generating income which might involve active participation or passive involvement. So, if you are someone with a large warehousing space, generating some income out of it can be a great way of sustaining yourself passively. After all, who minds some extra income? In fact, there are a number of ways in which you can make the most of   shared warehousing   and the potential that it possesses. In fact, warehousing needs have increased for businesses and there are a large number of companies and industries   looking for warehouses for rent . There is a lot that you can do to cater immensely to their needs by sharing your space. Even if you use a certain portion of your warehouse for your own needs, there is a part that you can always put on lease and make way for some income. These are the things that you can do with your warehouse space to earn passive income: 1.Lease it out This is one of the simplest, easiest, and quickest ways to make some...

  In eCommerce, customer satisfaction is of the topmost priority. Be it in whatever you do, the aim is to avoid a negative encounter with a customer in every way possible. This includes avoiding a payment issue, missed delivery, and other blunders. In fact, it is easier for the customers to walk out on you in case of a single error also. Hence having an effective  eCommerce order management   strategy ensures you live up to customers’ expectations. What is order management? In simple words, it is a process that involves keeping a track of all the orders and managing the additional process required to fulfil them. It starts right from receiving an order to its delivery and covers almost the whole of the process. But it does not end here! It extends even beyond the delivery including the possible after-sales processes like returns, exchange, etc. In a way, it is highly linked with the customer journey as well as the product journey. Even a minor slip here and there is not w...

With 2020 gone and putting tremendous pressure on all the sectors to buck up for an almost refined plan, warehouses have been working round the clock to put operations in place. With the onset of 2021, it is the time to put that plan and strategy into action by revamping the process along with some technical assistance. While 2020 taught warehousing and supply chains the importance of technology and automation, the basic processes also need to function unhindered and smoothly, to go back to the era where the word “normal” didn’t shock the masses. Before we dive deep into shared warehousing and how warehouses can optimize their basic processes, let us first acquaint ourselves with these processes. These are receiving, storage, picking, packing, and shipping!  Let us see how each of these could be optimized: Receiving : This includes the transfer of goods to the warehouse efficiently, without any damage or excessive accumulation at the receiving docks. Hence to optimize this, soluti...

Both the terms may seem similar and often used interchangeably but they are quite different. So does their purpose in the logistics and supply chain management industry. At the basic level, the fulfilmentcentre and warehouse both are huge buildings that can store inventory for all types of business. Although, despite this similarity, the service provided by them and the way they are utilized are different. Take a look at the detailed information about these, their functions, purposes, that might help you to understand which is the right option for your business needs. What is the Fulfilment Centre? It is a physical location from where a third-party logistics (3PL) provider or fulfilment provider fulfils customer  orders fulfilment for e-commerce  retailers. The fulfilmentcentre is also referred to as the distribution centre. It is a perfect voice for e-commerce businesses and/or business-to-retail fulfilment services where sellers provide wholesale orders to big retailers. The...

  Many of the new entrepreneurs may find themselves hurdling between this question of whether they should buy a warehouse or rent a warehouse for inventory management . There are a number of factors on which this decision can be dependent such as available capital, projected future growth, and space requirement by the customer. Here is the detailed information about the renting of warehouses and buying a warehouse, which might help you to evaluate the best things for you based on the factors. Buying a Warehouse Space If someone chooses to buy a warehouse then they have to pay a high upfront cost, which might not be possible for the start-ups, small or medium-sized companies. It is possible for only large companies to bear the cost. The surging cost of real estate makes it difficult for small scale or medium-sized entrepreneurs to invest in the warehouses. The money that can be spent on buying a warehouse, can be used by them somewhere else that can help their business grow....

Even much before 2020 started, people had started flocking online portals and completing their buy wish list online. Thanks to the power of the internet the world of e-commerce has boomed in the last few years. The basic convenience of being able to get multiple options, choices and that too at better prices, without having to bargain or physically going to the market, has only made online shopping more popular. Turn the clocks to 2020, and the entire world saw the pandemic take complete control over even the most basic behavior of people. With social distancing and basic expectations of staying home, we will only bring to the forefront the popularity of e-commerce and online shopping. While the popularity grows, the panic-stricken buying of consumers for all basic healthcares, beauty, electronics and personal care caused a slight demand and supply chain shortage.   Along with this fact, one other major impact has been caused due to the closure of major factories around China and t...

The recent studies in the economic and financial arena have highlighted a new trend of a shared economy. The field and niche of warehousing which is more or less very capital sensitive have also decided to go into the arena of a shared economy. Most of the time bulk spaces of warehouses are unable to generate the kind of revenue that they are supposed to, which is why offering warehouses as a service becomes more beneficial if it works on the matrix of  shared warehousing . As a warehouse owner, one of the primary ways of showing profits is by increasing the storage capacity over a period of time. Generally, this would mean that a person would need to invest large sums of money to build or buy a new property from scratch. However, with the concept of a shared economy in place shared warehouse space has also become very viable. There are a number of benefits of going to the shared warehouse space way. For starters, since the beginning, there has been a big tussle between investments...