#virtualwarehouse

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The constantly evolving product demand has made suppliers choose virtual warehousing to deliver orders to customers as soon as possible. Decentralization of the supply chain is the key to meeting increasing consumer demand. Virtual warehousing allows inventory to be physically housed anywhere such as a distribution center, a temporary facility, or the back room of a store, and then distributed on an as-needed basis. Virtual warehouses are a type of distribution and fulfillment center. Distribution of products stored in these virtual warehouses is done through 3PL services to fulfill orders faster and meet customer expectations.

 With virtual warehousing, all your distribution centers or fulfillment centers are considered as a network and this network is then considered for fulfillment. So, when an order arrives, the network is consulted, irrespective of where the product is stored to identify the best possible way to fulfill the order based on the geographical location of the customer, as quickly as possible. 

A virtual warehouse is made more efficient with the use of a platform that provides visibility to inventory assets in real-time. A virtual warehouse can be used to serve omni-channels and create a more efficient supply chain network. This helps to increase profit margins while reducing business costs.

 Advantages of using virtual warehousing services

The warehouse is an integral part of any retail supply chain and its retail operations. The Indian Warehousing Market is expected to be an estimated $12.2 billion in 2020, growing to $19.5 billion by 2025.

·         Cost-reduction

The location of a warehouse is becoming increasingly important to facilitate free cargo movement and to ensure time-bound operations. By outsourcing to 3PL services, the need to maintain a physical structure, security, maintenance, permits, and many other costs, are avoided.

·         Efficient Logistics Supply

The shipping time and cost associated with a traditional physical warehouse are inefficient and expensive. Virtual warehousing enables faster fulfillment of customer orders because distribution centers can be built closer to customers. These methods reduce costs and ensure faster delivery times that customers expect from retailers.

·         Avoid Dependency on a Single Distribution Center

With virtual warehousing built on an inherently distributed network of inventory, retailers can avoid having a single point of failure. Retailers can, therefore, increase the pool of inventory available to them without the costly process of investing in more warehouses and buying more stock.

·         Inventory Flexibility

Frequent changes in product demand often lead to insufficiencies in available inventory. A virtual warehouse provides flexibility to access multiple distribution centers for the same type of inventory. With a virtual warehouse, it becomes easier to cope with fluctuating customer demands because you don't have to stock more than what is needed.

·         Sustainability

Virtual warehousing ensures an optimized supply chain by not holding unnecessary stock that may go out of season quickly, thus reducing waste. This is beneficial for the environment and to promote sustainability. With visibility and accurate inventory by location provided through virtual warehousing, decisions can be made for effective forecasting of inventory to counter erratic and seasonal demands.

Safexpress, one of the largest and fastest logistics companies in India, with its existing 42 3PL locations, is well-equipped to cater to the need for fast and efficient delivery fulfillment for their customers. With its multi-state warehouse and robust IT systems, operational efficiency and inventory visibility are easily achievable to promote fast last-mile delivery and order fulfillment.

In Conclusion