What is Storage?
Storage in e-commerce refers to the act of storing a product in a categorized way for future processing and subsequent delivery. The term storage branches out to many subdivisions, such as bulk storage, food-grade storage, ambient storage, and others. Such differences are caused by specific products or quantities that require changes in the storage process.
Significance of Storage in an E-commerce Shipping and Delivery
Every e-commerce business should have a well-planned storage strategy to meet customer expectations. Minimal transit and more inventory are some of its key highlights that have been explained below.
- High inventory, more orders: Optimizing storage allows an e-commerce brand to have more stock. It means that one can take on more orders at the same time.
- Minimal transit time: Storage done in an orderly manner can also reduce the time required for product processing. It paves the way for minimal transit time and a better customer experience.
How Storage Works and Prerequisites of Storage?
Usually, several factors determine how storage will work. The general rule of an optimized storage system is as follows:
- Initially, a storage sub-type is selected, like ambient storage, food-grade storage, or any other suitable type.
- Products are classified based on a common attribute, the total space required is computed, and products are subsequently stored.
Use Case With Storage
For example, an e-commerce brand is looking to store 50 units of lavender perfume. The box dimensions for each unit are 53cm in length, 32cm in width, and 140cm in height. The storage volume for all 50 products will be 118,720 m3 (length X width X height X the total number of products).