The thrill of opening your dream business is exciting. But when it comes to operations, logistics might not always be top of mind for budding business owners.
You might be focused on product development and sales, have limited resources, or find the entire concept of logistics too complex. However, its importance is often overstated. It encompasses many aspects, from storing materials and finished products and managing your stocks to fulfilling orders and moving products.
If you’re a budding entrepreneur, here are three mistakes you might be making when it comes to logistics and how you can avoid them:
Not Keeping Track of Your Inventory
Say you are a pet supply store owner and a specific dog toy suddenly became popular on social media. You see a steady increase in interest but run out of stocks over the weekend, so customers decide to check out other stores instead.
If you sell essential goods, the window of opportunity to regain your customers may be short – they might come back next week to see if you’ve restocked. However, if you sell durable or non-essential items, a lost customer might not need to return for months or even years.
On the other hand, overstocking can also be costly as excess stock incurs storage costs. Over time, slow-moving or non-moving stocks may have less value and can become an added burden.
Keeping stocks at a healthy level will help you plan your purchasing strategies and reduce costs. To help you ensure you have enough inventory on hand to meet customer demand and streamline your operations, consider tapping a fulfillment service that can handle multiple aspects of fulfillment from picking orders to packing them.
Not Optimizing Your Distribution
Imagine you're a small business owner selling handcrafted wallets and you have a bulk order from a couple who’s set to get married next week. Relying on less-than-truckload (LTL) shipping might seem economical, but you will have to wait for other shipments, potentially delaying your delivery. Your deliveries arrived last minute – but the damage has been done, and you have a bridezilla giving you negative reviews.
It is essential to take time to optimize your distribution method or partner with a reliable delivery trucking service that has key distribution points.
Not Anticipating Seasonal Surges
Planning for day-to-day operations is essential for any business, but anticipating how different occasions or seasons can impact your business takes careful planning. Failure to account for seasonal surges can lead to unpredictable demands, sales disruptions, and stockouts.
Picture this: you’re a health supplement retailer. It’s only October but you know that as soon as the new year enters, most people are starting their wellness journey and there might be a demand for fitness-related products. Come January and you don’t have enough stocks of your popular supplements, you may have to deal with the aftermath of negative reviews by disappointed customers, which may also deter potential ones.
You can maximize sales during peak seasons by proactively planning for seasonal surges even before they happen and having an effective restocking method that can help you plan ahead.
A Reliable Partner to Level Up Your Logistics Game
The complexities of logistics can often feel daunting. Instead of figuring out things on your own, you can partner with a reliable logistics solutions provider like Ninja Van Philippines, which offers a comprehensive suite of solutions to streamline your operations and help you avoid common logistical pitfalls.
With Ninja Van Fulfillment service, you can keep your products safe and secure within state-of-the-art logistics and warehousing distribution centers until they’re ready for shipping. Say goodbye to manually processing orders and counting inventories, as Ninja Fulfillment can fulfill, pack and pick for your orders.
Ninja Van’s equipment such as the Dimension Weighing and Scanning, automated rollers, conveyors, and multipurpose mobile scanners are designed to provide an accurate movement of your inventory, allowing you to access a Live View of your inventory with real-time updates.
On the other hand, Ninja Restock provides flexibility for small businesses to do smaller, frequent restocks without the need to pay for an entire truck. Smaller load requirements and frequent drop-offs allow you to deliver nationwide, whether daily, weekly, or twice a week, while only paying for the space your products occupy in Ninja Van’s trucks.
Ninja Restock also leverages its established nationwide network, including key distribution points of 40 warehouses from Batanes to Tawi-Tawi. With its 100% coverage nationwide, you can be assured of reliable and timely deliveries to your distribution and retail partners. When coupled with thorough planning, this would be beneficial during seasonal fluctuations or the need to restock popular items right on time.
In the competitive world of entrepreneurship, efficiency is key. By entrusting your logistics needs to a reliable logistics partner like Ninja Van, you can optimize your operations, avoid common pitfalls, and focus on what truly matters – building a successful and sustainable business.
