Enhance customer experience by reducing order cycle time

Order cycle time is the time to process an order, starting from the moment you receive an order until when it is shipped to the customer. The cycle time speed is crucial in increasing customer experience and satisfaction. Discover how to optimize order cycle time for your inventory now! Inventory order cycle time is the amount of time (in days) required to sell every item after you receive it from the supplier. The minimum order quantity (MOQ) set by your supplier can be used as the target selling volume to gauge how quickly products are moving off the shelves. What is order cycle time process? - Purchase order - Receive stock - Order transmission - Picking - Packing - Shipping 6 tips to reduce order cycle time - Calculate your order cycle time: Order Cycle Time = (Delivery Date – Order Date) / Total Orders Delivered - Assess your warehouse flow: Check your warehouse KPIs and seek improvement opportunities. - Negotiate with suppliers on inventory delivery: Try to negotiate with your suppliers to get the soonest supply shipment. [Check all 6 best practices]( RELATED BLOGS: INVENTORY MANAGEMENT What is inventory carrying cost and how to reduce it? Inventory carrying cost consists of 4 categories: - Capital costs - Inventory service costs - Inventory risk costs - Inventory storage space costs [Read more>>]( What is a good inventory turnover ratio for retail? An ideal inventory turnover ratio for retail is between 2 and 4. However, it can vary among different industries, so you should research the benchmarks for your specific industry. Learn how to improve your inventory turnover now! [Read more>>]( An effective inventory management software for retail Manage your inventory easily and smoothly without depending on the Internet. Together we’ll build a solution that fits your unique business requirements. [Book a personalized demo]( This email was sent to Magestore, 16F, Viwaseen Building, 48 To Huu Street, Nam Tu Liem District, Hanoi 100000, Vietnam You are receiving because you have signed up for our service. If you wish to no longer receive emails from us you can [unsubscribe.]( [Facebook]( [Twitter]( [Youtube](