Order Fulfillment Services Industry Procurement Intelligence, Supplier Intelligence, Day One Analysis Report, 2020 – 2027
Procurement Outlook
Order
fulfillment is the process of receiving, processing, and delivering orders to
end customers. A third-party company provides these order fulfillment services
on behalf of its customers, such as an online seller.
Key order fulfillment
services can be categorized into the following broad categories:
·
Order
receiving
·
Inventory
storage
·
Order
processing
·
Shipping
·
Return
processing
Demand
Outlook
The global
order fulfillment services market was valued at USD 78 billion in 2020 and it
is expected to grow at a CAGR of 10% from 2020 to 2027 due to the rise in the
number of online buyers, especially in emerging economies. By service type,
shipping is the largest segment in the global order fulfillment industry with
more than 40% revenue share followed by warehousing and inbound-outbound
services.
APAC is
leading the global order fulfillment industry with the largest revenue share of
over 25% in 2020. The region is expected to continue its dominance during the
forecast period due to increasing internet penetration and growth prospect
offered by relatively untapped markets in rural areas and tier-2 cities.
Read
report summary: Order Fulfillment Services Industry
Procurement Intelligence
Cost
Drivers
There are key components to determine the overall cost of order
fulfillment services. These components can be categorized into fixed and
variable costs. Fixed costs include setup costs. Variable costs are inbound
shipping costs, inventory storage costs, pick and pack costs, custom labeling
& order insert fees, kitting costs, outbound shipping costs, returns
processing & restocking fees, account management costs, etc.
Cost per order refers to the total costs required to fulfill one
order, which includes fixed costs that apply to all orders and variable ones
that depend on what is being shipped. A customer can obtain the service order
fulfillment cost by taking the sum of their shipping costs over a certain
period and dividing it by the number of orders they filled within the same
period. Majority of the service providers uses a flat-rate pricing model.
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Procurement Intelligence Report:
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Our services include (not limited to):
·
Market Intelligence involving - market size and forecast, growth
factors, and driving trends
·
Price and Cost Intelligence - pricing models adopted for the category,
the total cost of ownership
·
Supplier Intelligence - rich insight on supplier landscape, and
identifies suppliers who are dominating, emerging, lounging, and specializing
·
Sourcing / Procurement Intelligence - best practices followed in the
industry, identifying standard KPIs and SLAs, peer analysis, negotiation
strategies to be utilized with the suppliers, and best-suited countries for
sourcing to minimize supply chain disruption
Our market/procurement Intelligence reports
include in-depth and actionable insights that help clients in understanding the
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Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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