Technology is ageing like wine, as we used to comment on Hollywood or Bollywood celebrities. It keeps on getting better with time. If I talk about the distribution of goods, technology automates the distribution of goods.
It is very difficult to say that one way technology can improve the distribution of goods because there are many ways to improve it.
Here are the ways that technology is completely changing the distribution of goods.
1. Stock Maintenance
Without the technology, you are always confused about how much stock you have and how much you have to maintain for future purposes.
With the help of technology, AI will help you to know how much stock you have and what the peak days of your product are, so that you can plan your distribution channel accordingly.
2. Automated warehousing
Won’t you believe, now companies are using AI robots to pack their product and then ship for delivery, which ultimately increases the productivity and cost of the employer. So if you have a good investment, you can try this once and see the magic.
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3. Predict Non-delivery area
Platforms like Shiprocket, an integrated courier platform programme, that help you in providing knowledge about which areas are serviceable and not. For example, A customer purchased an order from your website, now all the information about the customer is with you.
But a platform shows that this is not serviceable and has a very high risk of RTO if you try to ship. So, in short, that kind of assistance helps in saving the RTO costs.
4. Fraud detection
AI algorithms prevent fraudulent transactions and alert customers when they make a purchase with a security protection plan attached to it. This improves brand loyalty and wins the customer’s trust.
5. Improved customer service
Technology helps the distribution of goods massively, and it improves customer service. With the help of technology, customers can ask about the order details and track it. As a result, it will result in an increased delivery rate and trust.
Conclusion
In conclusion, no matter what line you are getting money from, to consider for the future, if you’re not in technology and AI, you are missing a big opportunity. Especially if you’re dealing with physical products, the distribution of goods is a primary factor you must take care of.
So I recommend you use technology to stay ahead of the competition; the most important part is that it helps you stay relevant.