When this blog article was uploaded to our website, the Bank of England increased its interest rates by half a percentage point making it the largest increase for 27 years. The Bank has also warned that inflation could pass 13% later this year, the highest it has been since the financial crash in 2008.
Last year, the Office for Budgetary Responsibility (OBR) reviewed what could happen if the UK was to experience higher and longer lasting inflation. This is a possibility if you consider that prices are likely to continue to increase; resulting in businesses also raising prices to keep making a profit and workers demanding wage increases to keep up with inflation.With this lingering threat of further increases in inflation and the likelihood of a recession, we believe a key ingredient in reducing business costs is to leverage logistics technology to create operational efficiencies, better tracking and delivery management along with important cost savings. We encourage businesses to start utilising order fulfilment and delivery network solutions that leverage the innovations made with smart logistics management software.
One such solution is our very own digital logistics platform, Despatchlab. This customisable system helps our clients streamline their operations and build cost-effective and resilient supply chains with help from the software’s smart algorithms.
Traditionally eCommerce companies and retail businesses have relied on spreadsheets, emails, and phone calls to manage their logistics operations. These are no longer feasible practices in a fast-paced market where efficiency and speed are in high demand. Since the beginning of the pandemic, online shopping has increased, as well as customer demands and competition. With Despatchlab, you will gain access to a fully customised dashboard, integrated with online marketplaces such as Shopify, eBay, Amazon, Adobe, WooCommerce, Linnworks or your own bespoke website, and 24/7 technology and customer support.
Process Automation
Our smart logistics management software will give your business the toolkit that enables you to make informed decisions concerning everything from streamlining your inventory processes, revolutionising your dispatch management, facilitating carrier selection, consolidating finance processes and tracking of shipments. These smart software functions will enable you to improve the efficiency of all these order fulfilment tasks and increase cost savings along the way.
Reduced shipping and admin expenses
Our logistics management software Despatchlab will automatically recommend the best carrier for each individual shipment whilst keeping costs down by passing on our buying power to you. The smart software ensures your customers orders are instantly received, efficiently and reliably fulfilled, and shipped in the most cost-effective way for that individual shipment. With your fulfilment operations streamlined, you can focus on building long lasting relationships with customers and suppliers and have the time to explore new opportunities. This will, in return, help you reduce business expenditure and increase profitability.
Business intelligence
Adopting some form of logistics technology will not only streamline your processes, it will also provide you with an invaluable source of data concerning your supply chain practices, carrier performances and warehouse management. Despatchlab auto-captures data related to every single step of the fulfilment process and the customised dashboard analyses this data for you. The dashboard allows you to define and track various metrics and KPIs. This makes it possible to make informed decisions which facilitate cost-effective results.
If you are an established Ecommerce business that manages over 200 consignments a month, utilizing despatchlab will support your fulfilment and delivery needs and help increase growth within your business. Want to find out more? Give us a call on 0333 567 5888, email us sales@diamondlogistics.co.uk or complete our contact form.
