How to predict logistics losses in e-commerce?

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If you believe that the only way to increase your online store’s profits is by selling more, I’m sorry to inform you, but that’s not true. Loss prevention in logistics is just as important as sales volume when it comes to improving e-commerce revenue.

Therefore, throughout this article, we will show you how to identify the south korea phone number list frequent losses in e-commerce and how to draw up a loss prevention plan to improve your business's financial results. Shall we get started?

What is loss prevention in logistics?
Loss prevention in logistics is a set of actions and strategies that aim to avoid or reduce possible losses during the logistics process, from negotiations with suppliers to order delivery.

In this sense, the first step is to map the most frequent losses in your e-commerce and check which ones can be avoided. Below, we have separated some examples:

Delivery delays.
Breakdowns.
Claims.
Inefficiency in inventory management.
Generate incorrect orders; among others.
After completing the mapping of logistics losses, the next step is to create a loss prevention action plan. The aim is to minimize operational failures and anticipate events that could generate negative results for your business.

5 types of logistics losses to avoid in e-commerce
Now that you know the main types of logistics losses, see how to avoid them:

1. Delivery delays
Delays in delivery cause consumer dissatisfaction and, depending on the case, the chances of them doing business with your company again are minimal. This type of situation generates a bad reputation for your brand and causes financial losses for your e-commerce.

In fact, article 35 of the Consumer Protection Code (CDC) states that a delay in delivery is considered a breach of the offer by the supplier. In this case, the customer has the right to demand that the item be sent, accept another equivalent product or receive a full refund of the amount paid. Therefore, pay attention to the deadlines.