COVID-19 has dictated current business discussions and exposed flexibility as a vital source of resiliency for global supply chains. A long-term supply chain upheaval will be necessary for businesses to thrive given recent federal reserve indicators that economic uncertainty will continue for the foreseeable future. According to the Institute for Supply Management, 75% of surveyed companies reported supply-chain disruptions due to travel restrictions and reduced operating capacity of manufacturers. But instead of panicking, we can use COVID-19 as an impetus to to update archaic supply-chain practices and transition to a responsive and integrated national warehouse infrastructure—and WarehouseQuote.com provides just that.
WarehouseQuote.com simplifies the supply-chain process by distributing our clients’ warehousing needs across a nationwide network of quality, vetted warehouses. Our platform gives managers the ability to rapidly react to market uncertainty and adapt their warehouses to new inventory needs. The WarehouseQuote.com platform provides businesses inventory flexibility, scalable eCommerce fulfillment, and integrated data transparency. All of these tools will be vital in surviving the current crisis and developing resiliency for the next one.
Flexible Inventory Management
Time is in short supply during a crisis, but the importance of each individual decision increases dramatically. Flexible inventory management gives businesses a margin of error when determining how to respond to a situation. Static supply chains that rely on large distribution centers require long distances between target destinations, which increases costs and leaves long time gaps in the supply chain. Just-in-time (JIT) supply chains will no longer suffice as proven by massive shortages that plagued stores in early April.
WarehouseQuote.com’s decentralized network of warehouses gives businesses the ability to rapidly modify supply patterns by decreasing shipment distances and strategically storing inventory in optimal locations in the event of a major disruption. We support the ability to build a just-in-case (JIC) supply structure that prioritizes risk management and ensures businesses can survive in a worst-case scenario.
Independently, our solution can eliminate the overhead cost and liability associated with owning a warehouse. Using the WarehouseQuote.com platform, businesses will not have to worry about having excess storage capacity in the event of a major crisis. Resources that were previously sunk into staff, infrastructure, and management could be deployed into product development, storefront expansion, or wherever money is needed. Cash is a valuable tool for disaster resiliency and allows for managers to be adaptive in their response to the needs of their company.
Right now, consumers are at home and willing to spend. According to ACI Worldwide, online transaction volumes increased 74% in March and will continue to grow even when the pandemic ends. Amazon Prime has given consumers an expectation that two-day shipping is the industry standard even in times of crisis. However, unlike Amazon, most businesses do not have a sprawling network of fulfillment centers and warehouses that can rapidly move products nationwide.
WarehouseQuote.com offers a cost-effective solution to this problem by deploying our warehouse network to meet each client’s needs. Our operations team is able to source quality fulfillment operations and create an optimal network for eCommerce fulfillment. Businesses that make the decision to employ our platform can enjoy increased resistance to crises because they’ll have the benefits of a streamlined fulfillment and order-management system that can be actively scaled in response to demand.
Organized data management is crucial to constructing and organizing a planned response to unforeseen situations. The WarehouseQuote.com platform provides businesses with a suite of tools to manage inventory and distribution in real time. Exact knowledge about where supply is needed can give businesses a sense of security even when future business prospects are uncertain.
Our platform stores all data and documents generated during the supply-chain process and keeps them available for reference so businesses can learn based on the past and make the most impactful decisions in the future. Implementing our comprehensive system can remove the panic associated with disaster and help reveal the optimal solutions to everyday or unforeseen business problems.
Want to learn more about e-commerce fulfillment? Check out our latest blog on how to position your e-commerce business to capitalize on changing customer demands.