siliconindia | | October 20209HERE ARE SOME KEY AD-VANTAGES: DECREASED DELIVERY TIME One of the primary contrasts among standard and express delivery is the conveyance time. In the standard service, the customary conveyance time ranges from two to eight days, while in express service, it is around one day. Now and again, the ship-ment may even arrive at the benefi-ciary's doorstep around the same time as they ordered. Express delivery is adept for dire and fast conveyances. REDUCED EXPENSESFor any small-size to a medium-size retailer, it is always a task to provide `Just in Time' delivery without blocking any amount of money. For some, their capital is used in buying inventory for days to come and so they are unable to invest that amount anywhere else but in maintaining the stock. Since the demand keeps fluctuating and mi-cro-retailers generally do not have enough space or spe-cial storages, express delivery can take care of all the im-mediate requirements and retailers can utilize their time and space productively.INCREASED INCOMEWith faster delivery the retailers can turn around their cash faster. For example, if a retailer can afford 2 product items for Rs. 5000 on a given day and makes a sale of Rs. 10,000, their take home income will be more. They can sell more, without blocking their money in the market in the name of securities or advances and there is no hassle of keeping unnecessary open accounts with manufactur-ers also.IMPROVED SELECTION OF ITEMSWith assured express deliveries, retailers have an advan-tage of keeping a wider assortment of products with less-er units of each. Just before the product goes out of stock, new sets can be ordered and delivered. The idea of same day replenishing the counter can help a lot of micro-re-tailers with limited space.EXPANDED WORKIt is evaluated that the worldwide express delivery indus-try requires 1.3 million individuals at a time and if indi-rect employment is incorporated, the number is observed to reach 2.75 million. Globalization and monetary advancement have prompted an increase in competition among associations/businesses, which has led expedited delivery of products and services in a time-bound and en-sured way. The worldwide express industry has seen a few changes in the recent history. The business is no keen on contending to acquire piece of the overall industry, however, is associated with opening new skylines and experimentations all around the world. Ecommerce entrance is one of the main factors as more individuals are gaining interest in the idea. The business ecosystem is moreover sustained by the changing retail models. The focal point is moving towards speedy and accurate deliveries which has prompted the arrangement of organizations which are putting resources into these new thoughts in the market. To be sure, even ordinary re-tailers have placed assets into improving the speed of the procedure by uniting with express delivery companies to give quick and strong delivery options from their stores. As a result of this enhanced scene, the express delivery industry has seen different new approaches being adjust-ed and new players entering the market. Nonetheless, every customer need their ordered deliv-ered at a pace that suits them. While some of them may require things at a time, others might be happy with the speed that an item contacts them as a rule. In this man-ner, if the clients' need, micro level retailers must give various alternatives to delivery, for example, standard shipping and express delivery. Vivek Pandey,CEO & Co-FounderWith assured express deliveries, retailers have an advantage of keeping a wider assortment of products with lesser units of each. Just before the product goes out of stock, new sets can be ordered and delivered
< Page 8 | Page 10 >