Tag: Boston Fulfillment Warehouse

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The Technology Behind Successful Ecommerce Fulfillment

Distribution center concept and international communication network. globalized business, transportation and professional connections.

Online sales in the United States have more than surpassed expectations. In 2012, online sales hit a record $226 billion, and accounted for 7% of all total retail sales. Experts projected $327 billion by 2016, but they were wrong… Total online sales in 2016 were $394 billion! If your fulfillment company isn’t participating in the ecommerce segment, no doubt you know that you’re missing out on an exceptional opportunity!

In this article, I’ll focus on the technological capabilities a warehouse needs in order to implement an ecommerce fulfillment service. The article isn’t going to be about listing the pros and cons of the Top 10 software programs on the market, because I don’t know your current capabilities or strategic goals. Instead, I believe that the most productive approach is to breakdown the process to help you identify where you can improve your systems.

Let’s talk about process integration. Ecommerce clients will typically approach a fulfillment company with an established business infrastructure. Integration means adapting your systems to plug into those of your customer. The processes that are frequently affected are:

• Order Capture & Management

• Picking/Packing & Shipping

• Synchronizing Order and Inventory Status

• Visibility

• Client & Customer Service

Order Capture & Management

There are more than 300 ecommerce shopping cart companies on the market. Your company needs to be technically capable of adapting to the wide variety of methodologies for communicating with those carts. Orders from carts need to be harvested on a regular basis, controlled to insure none are dropped or duplicated, and converted into a form that is compatible with your system.

I believe this area represents the greatest technical challenge for fulfillment companies in the ecommerce space. Your tool bag for interfacing with a client’s systems must include a wide array of technologies, including the ability to interact with flat files, Application Program Interfaces, Web Services, File Transfer Protocol, call center systems, and the occasional manual-order entry. IT resources to plan the implementation and support this process need to be broadly skilled and creative. Administrative resources that perform the daily-order harvesting routines need to be highly attentive to detail.

Picking/Packing & Shipping

This process is probably the most straightforward. Picking slips are generated, product is picked and boxed, and shipping labels are applied using traditional fulfillment methods. Although there may be special requirements for packing slip and box branding, those requirements don’t vary much from conventional fulfillment. It is essential to operate at a very fast past as ecommerce performance is measured in hours and the volume of orders is measured in thousands per day.

Synchronizing Order and Inventory Status

Ecommerce fulfillment requires that the client’s shopping cart has the most recent inventory and order status information. Your systems need to regularly communicate inventory availability to the cart to ensure that a client’s customer is made aware of out-of-stock situations before placing an order. Customers also need to be able to reference the shopping cart to find the status of their order. Process synchronization between your operation and that of your client is an absolute necessity.

Visibility

Ecommerce fulfillment is very fast moving! We used to joke that customers would press the “buy” button and run to the front door looking for the UPS truck! With Amazon’s latest experiments in same-day delivery, this joke is almost a reality. Given the speed of ecommerce, it’s important for your clients to be able to have a real-time window into your process and inventory. At a minimum, clients should be able to see orders and inventory in near real time. The leading-edge, ecommerce fulfillment companies have taken a more pro-active stance by publishing “alerts” when important events are happening in the fulfillment process. Alert examples might include: Product X is running low on inventory; a new shipment of stock has arrived; or a customer has returned an order.

Client & Customer Service

The fulfillment process is heavily impacted by fast-paced marketing and promotional decisions. Ecommerce client support typically requires a designated coordinator to represent the client’s requirements to the fulfillment organization and to coordinate program changes. The volume and minutiae of detail often warrant the implementation of “issue logging” and “project workflow” processes within the organization. Given the pace of the business, these processes are best automated.

Some clients, particularly the Entrepreneur and Offshore segments, may ask the fulfillment organization to manage customer support. This might involve call-center work, authorizing returns, handling the occasional complaint, and so on. These client groups often have too small a volume to outsource their work to large call center. Having an arsenal of exceptional customer-support tools, therefore, positions you to capitalize on a good revenue opportunity.

In summary, successful ecommerce fulfillment relies on solid technical foundations. Warehouses and 3PLs must understand that ecommerce clients have very different needs (and expectations) for the technical aptitude, agility and pace of their fulfillment partners. To fully capitalize on the ecommerce segment, your fulfillment service must meet–and exceed–these requirements.

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Google’s Going Local, Why Google Business Profiles Are More Important than Ever

Small business owner using Medallion Fulfillment & Logistics.

Have you noticed the change in Google.com results? Have you seen all the red icons in front of listings whenever you do a Google search that contains a city location in the query? Are you noticing that your website’s organic (unpaid placement) seems to be pushed down below a myriad of local results? Welcome to the new world of Google’s localized results!

With Google pushing location specific listings pulled from their Google Business Profile index, it’s getting harder for prospects to find your “real” website. Localization is the rage with search engines right now; even Bing has gotten into the act. It is now more important than ever to use your local business profile page as a doorway to bring visitors into your website. As Google is the big player in the world of search, we’ll focus on discussing Google Business Profile accounts in this article, but be aware that Bing has similar service.

If you have a business, you most likely already have a Google Business Profile even if you never created one. Google has planned ahead for you, and has created a profile page just for you, based on the information that it has found on the Web about your business. It’s your job to claim it, and then work the page over so it can be a selling and review tool to funnel customers and prospects to your “real” website.

How do you claim your listing?
First, visit this page: http://www.google.com/business/. On the right you will see a section for business owners. Your listing is free, but you will need to set up or tie an existing Google account login to your new Google Profile account. One word to the wise, if you are paying a third party to do set up for you, make sure that they tie the Google Profile account to you and not to themselves. You want to retain ownership of your Google Business Profile page as long as you have your business.

The sign up and set up interface is easy to use. You will enter in your physical address (no P.O. Boxes allowed), your phone number, email address, website URL, business description, and then select service or product categories. Don’t be afraid to choose custom categories that are short keywords of the services or products you provide. You can only set up a maximum of five categories.

Your Business Profile page is not complete until you enter details about your business such as: operating hours, types of payment accepted, photos, YouTube.com videos, and finally the important “additional details.” Take time to add “additional details” that make sense. We recommend using keyword phrases for these “additional details”. Keep in mind that what you enter here should be considered like a bulleted list, with a one to three word clarification in the second field to the right of the entered keyword. Focus on keywords that are indicative of what you sell and in a very short concise format.

Although you are done, your Business Profile page will not go live until Google has verified that you are really located at the address your have listed in your Google Profile account. Plan on two weeks for a postcard or plain envelop to come to you via regular mail at the listed location. This correspondence will contain a PIN. You must enter this PIN number in your Google Profile account for your page to be put in the indexing queue. It may then take another one to four weeks for your listing to actually become live. Unfortunately setting up and verifying a Google Business Profile page is not quick process but make sure to follow the instructions carefully. If someone has already claimed your physical location you may not be able to claim it as well. This is an important note to remember for office buildings and even businesses sharing physical spaces with the same street address.

How to maintain top position with your Google Business Profile?
As Google Profile pages are so important now in the organic results, how can you improve placement and then retain it once you win it. We recommend that you do monthly updates of your photos and videos on your Google Profile page. If you don’t have videos, now’s the time to start getting creative and make several short videos using your digital camera. Just load your video files to YouTube.com (tied to the same Google account that you used for your Google Profile page). Insert the YouTube.com link to the video into your Google Profile account in the video section. You can show up to five videos at a time. As for pictures we recommend sizing 20 or so into a square shape and then rotating ten different ones each month. Google seems to like and reward Profile pages with better placement that are actively managed on a regular basis.

Google also seems to reward Google Profile pages with better placement when the business offers coupons and has more review than their competitors. Not all markets seem to have a clear cut path to top placement, but we do know from information found online that in major markets reviews and coupons are just one of the keys for top placement of a Google Business Profile page. Your geographic proximity to the person who has searched is still the top determining factor in which businesses are shown and then coupons and reviews will additionally rank the returned business listings.

Where do the reviews come from that appear on my Google Business Profile page?
Google scans the Web and may pull reviews from all over and embeds them on your Google Profile page. But more often than not, it is real business users that leave reviews directly by visiting your Profile page if they are logged into their own Google account.

Unfortunately, you have no control of the reviews that appear on your Profile page. However, as the page’s owner, if a poor review is posted, you can respond to the review, but there is no “remove this review” button. You can however flag the review for Google as inappropriate, but Google may leave the review at their option.

Be careful if you are using a third party set up service that the creation of fictitious reviews is not part of your package. Your Profile page could be dropped from the index by a violation of Google’s terms of service.

In conclusion, with the advent of search engine localization, claiming your Google Business Profile page is a very important aspect of managing your online presence. With Google Profile pages being ranked higher than websites for search queries that contain a location, we recommend using this Google tool to your advantage to funnel clients and prospects to your website.

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Startups and New Businesses Have Special Financial Needs, How to Plan for Success

Learn About the Amazon Effect

For many new entrepreneurs, managing finances is one of the more intimidating aspects of a startup business. Ensuring that funding, expenses and other financial elements are controlled from the beginning prevents minor issues from snowballing into major problems.

The good news is that financial management is not as difficult as you might think. Our fulfillment warehouse has been part of several successful startups, so we’re offering these expert tips to get your fledgling business rolling with solid financial planning.

Manage Expenses

In the beginning, expenses can be a huge drain on cash flow during the time you need it the most. Fortunately, most costs can be reasonably estimated ahead of time. Create a year-long budget covering rent, wages, materials, taxes and other fixed expenses and focus on keeping them as low as possible.

Avoid Commingling Funds

As the owner, you may feel all funds are ultimately yours so the line between personal and business finances becomes blurred. When you keep both sides completely separate, it’s much easier to track business finances and prevent personal spending from draining the company account. You should also formally pay yourself a salary rather than simply dip into company funds.

Keep Detailed and Accurate Records

When it comes to judging your company’s performance, you can’t afford to rely on gut feelings or instinct. Make sure an experienced accountant, either in-house or outside, is keeping track of revenue and expenses. Review financial statements regularly and make adjustments based on a clear, overall picture.

Don’t Overdo It

You may feel compelled to take on as many roles as you can to save money, but that strategy can actually be counterproductive. Learning unfamiliar skills on the fly can end up costing more time and money than hiring an experienced person in the first place. Delegating work frees you up to focus on your passion and grow the business.

Learn to Negotiate

Don’t take vendor terms at face value. You’ll be surprised at how often suppliers are willing to make concessions to gain your business. Prepare a game plan ahead of time so you know what your goals are. Remember that it never hurts to ask!

Invest in Technology

Business technology has become so advanced and so widely integrated that your company will be at a serious disadvantage from day one without it. Any investment you make in technology will pay for itself in money and time savings.

Establish an Emergency Fund

Financial experts recommend that people maintain an emergency fund to cover unexpected expenses, and a company is no different. Put aside a percentage of income during peak times to help tide you through the slow periods.

Fulfillment Warehouse Services That Grow Along with You

Are you struggling with adjustments as your business expands? Our fulfillment warehouse services can be tailored to meet you specific needs today and scale to accommodate future requirements. Contact us at Medallion Fulfillment & Logistics to learn more about why we are the first choice for one-stop warehousing, inventory control and order processing services.

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Top Ten Questions a Startup Should Ask an Accountant

What Should You Ask Your Accountant?

When you’re starting up a new company, the temptation is to wear all the hats. After all, it’s your baby and no one understands it like you do. Of course, there’s also the matter of that pesky budget. It stretches a lot further when you’re employing a staff of one.

Of course, the reality is that you can’t do everything yourself. And speaking of budgets, the one area where you truly need some help is your finances. It would be so much simpler if business accounting was just a matter of addition and subtraction. But it’s a complex minefield that takes experience to navigate.

It’s too important of a position to leave to chance. In other words, don’t Google “accountant” and select the first one that pops up. Shop around for a financial expert just like you would for inventory, supplies and equipment. He’ll be working for you, so he should meet the qualifications that you’re looking for.

You don’t have to meet with a prospective accountant in person, but don’t rely on email. If you can’t meet, use Skype or the telephone. Hearing an actual voice helps you get a better sense of a person. Is he confident and well-spoken? Does he hem and haw while searching for answers? This could be the first step in an ongoing relationship, so start it on the right foot.

Be sure you do your homework before your meeting. Here is a checklist of questions that will provide much of the information you’ll need to make an assessment.

  • How long have you been in business? A fledgling firm may not yet be experienced enough to handle your concerns. On the other hand, an accountant who’s been in business for many years may be on the verge of retirement. Find out what the plans of succession are so you’re not left hanging.
  • Will I be assigned to one person? Some accounting firms operate on a call center basis, with associates taking calls on a rotating basis. If your account is specifically assigned to an accountant, the two of you will be able to develop a relationship and he’ll get to know your particular business much better.
  • What services do you offer? There are several subcategories under the heading of finance. Are you looking for tax preparation help? Do you want someone to handle budgeting and cash flow management or strategic planning?
  • How often will we be in contact, and by what means? You want to be on the same page with this issue. If you want to be able to consult on a weekly basis, you don’t want to find out afterwards that he’s available only once a month. Just as with your initial meeting, you should also be able to have personal contact, at least for the major meetings.
  • Are you available year-round? Some accounting firms are open only during tax season when demand for their services is at its peak. However, as a new business you’ll need advice during the rest of the year as well.
  • Make sure you and your accountant are on the same page.What types of businesses do you work with? Restaurants have a different financial agenda than contractors, who in turn are different from graphic artists. It helps to find an accountant who’s familiar with the type of business you’ll be operating.
  • How do you bill for your services, and what’s included in your fee? Some accountants bill by the hour while others charge a flat rate. You might want to consider the former if you’ll be handling most of your finances in-house and consulting only on major issues. Find out exactly what’s covered in the rates so you don’t end up getting nickel-and-dimed on services that turn out to be an extra charge.
  • Do you follow a conservative or aggressive approach? Nearly all financial matters come with risk, and business finances are no exception. For example, some accountants will beat the bushes to write off every possible penny. Others are reluctant to put a client in a position of possibly being red-flagged for an audit. Determine where you fall on this continuum so you find an accountant whose views are compatible with yours.
  • How will I be informed of relevant changes in my industry? A good accountant should keep you abreast of current news and events pertinent to your business, particularly changes in tax regulations.
  • What type of accounting software do you use? If it’s not the same as yours, ask how information and data will be exchanged.

This list can be supplemented or modified based on the needs of your specific business. Overall, it gives you a solid platform to find an accountant who will work as hard for your company as you do.

At Medallion Fulfillment and Logistics we make it easy for startups and new businesses to grow with thoughtful services and flexible order fulfillment options. Call us today to get a free price quote so you can focus on growing your business and leave the shipping to us.

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USPS Service Interruptions to Greece

Update on Mail Services to Greece

On November 6, 2020 the United States Postal Service received notice from Greece that effective November 7, 2020 a lockdown will be implemented throughout the country of Greece due to the COVID-19 pandemic.

There is a direct impact on collection and delivery of mail and packages sent through the Hellenic Post (ELTA).

This update impacts Priority Mail Express International, First-Class Mail International and First-Class Package Service, Priority Airmail. Surface Air Lift and M-Bag items.

For a full list of international service disruptions please visit https://about.usps.com/newsroom/service-alerts/international/welcome.htm