Increff, a leader in inventory fulfillment software, has launched Iris Regional Utilization (RU) Module, exclusively designed to manage e-commerce warehouses. By integrating IRIS RU, brands can increase efficiency and save 10-12% on logistics, thus increasing overall margins and enhanced regional fulfillment by 30%.
This novel solution enables e-commerce brands to intelligently translate deep insights into concrete action points, thereby helping them determine the demand-wise distribution of stock across the country.
Moreover, the regional utilisation module delivers four key additional benefits that enable brands to allocate inventory smartly. These include:
1. Faster deliveries for higher marketplace conversions: Efficient management of inventory in the warehouses ensures that the products are kept closer to the customers. This helps the brands ensure faster delivery cycles i.e. within 1-2 days, resulting in greater customer satisfaction, higher seller rating, and enhanced brand loyalty.
2. Low rate of returns: By optimally allocating SKUs to the required number of warehouses, in proportion to the regional demand, Iris RU allows great order fulfillment within SLA. Agile service results in a low rate of returns and quicker order realization.
3. Smart inventory split across multiple warehouses: This end-to-end merchandise planning tool ensures that demand is fulfilled by the nearest warehouse, resulting in better brand visibility and higher conversion on marketplaces.
4. Significant savings on logistics costs: Built on cutting-edge technology, the Iris RU algorithm runs in less than two minutes, individually analyzing each warehouse. Furthermore, the tool suggests new SKUs based on various metrics such as attribute group performance, seasonality, warehouse capacity, etc. that leads to significant savings on logistics costs.
Rajul Jain, CEO & Co-Founder, Increff, said, "With the increased focus on digitalization, a well-designed technology-led approach has become the need for e-commerce players to efficiently manage their inventory & warehouse, to tackle the uneven demand-supply dynamics. Increff’s Iris Regional Utilization (RU) module was strategically designed for brands to reduce additional logistic costs and deliver a smooth online delivery journey. We will continue to bring innovative technology tools for brands to help them improve customer experience and enhance their profitability."