#Orderfulfillment could be the last step to the approach of the completion of an #order. It is the process involved in completing an order and making it feel satisfactory to the customers. To put it in layman’s terms, it is the complete process involved from the point of sales to delivery of the product. From a larger perspective, it refers to the approach the organization and also firm adopts in responding to the order placed by way of the customer.
Order fulfillment simply refers to a series of complex processes from point of sales to delivery of a product. The definition seems pretty simple, but the whole idea of the fulfillment process is much more complex than it appears. Although, these processes vary from company to company; in a broader sense they can be described as how a company responds to a customer’s orders.
Latest trends of fulfillment services 2017: Increasing demand for 3rd Party Logistics Service Providers
“There has been a lot of hustle in the eCommerce industry this year with no disappointments as such. In fact, this niche is constantly experiencing growing competition for businesses to stand out in the market. Hence, order fulfillment is a major part of here; companies need to stay updated with the latest trends of fulfillment services in 2017. If you are in the same business domain, check out what to expect from the market this year.“
Latest trends of fulfillment services:
In 2016, the global fulfillment market was estimated at approximately$40 billion. Analysts expect this value to reach around $52 billion by the end of 2021. The following are going to be the key drivers for the growth of fulfillment services.