Industry statistics

Unsure of the importance of some of Ordorite’s system features? Check out
some key industry statistics we have gathered for you!

    Industry statistics2021-04-13T08:54:30+01:00

    Ordorite’s return on investment

    9 out of 10 people

    Customers saw improved stock accuracy within 1 month

    80% of customers

    Customers seen an increase in gross profit margin (up to 9%) within the first year

    92%

    Customers saw immediate efficiencies across all departments

    Retailers cash flow has improved since acquiring the Ordorite system

    Inventory Management

    Ordorite’s inventory control can tell you exactly what physical inventory is in your stores; your warehouses; what you have sold; what’s available; out for delivery and what’s coming in.

    The average U.S. retail operation has an inventory accuracy of only 63%

    34% of businesses have shipped an order late because they inadvertently sold a product that was not in stock.

    Reducing stock-outs and overstocks can lower your overall inventory costs by 10 percent

    Warehouse Management

    Ordorite’s system accounts for warehouse management tools and techniques such as barcoding & box management, stock taking & movement and product lifecycle tracing.

    By some estimates, item-level tagging, when implemented properly, can increase inventory accuracy from 63% to 95%

    Human error is the top issue in 46% of warehouses

    1 out of 3 businesses tend to delay shipments because of selling unavailable products to customers

    Marketing

    Ordorite’s marketing tool, Growhub allows customers to segment and differentiate customers based on buying habits and facilitates for personalised marketing campaigns.

    80% of consumers are more likely to do business with a brand that uses personalization techniques

    As high as 77% of the returns generated through email marketing come from audience segmentation, targeted, and triggered campaigns

    Digital retail brands that broadcast personalized promotional emails experience a 46% higher email open-rate and a 27% higher click-through rate than regular marketing emails

    Delivery & Logistics

    Ordorite’s delivery and logistics system ensures that all orders reach their intended destinations within the desired timeframe through Delivery scheduling & management, Route planning, product size calculations and mobile scanning.

    2 out of 3 customers will choose a retailer based on the availability of delivery options

    52% of shoppers prioritized guaranteed delivery dates over free shipping

    73% of consumers reported delivery is most important to the overall shopping experience

    Business Intelligence

    Ordorite’s business intelligence tool allows system users to generate business reports, data analytics and key performance indicators on demand to ensure their organisation is running to its full potential.

    Data analytics makes decision making 5 times faster for businesses

    Back in 2018, organizations lost an average of $15 million per year because of poor data quality

    The average return on investment for enterprises using business intelligence and analytics is 1300%

    Customer Service

    Ordorite’s system has a suite of tools to manage customer service and relations including overdue order management, customer callbacks, emailing & texting and Professional replacement, returns & exchange management.

    58% of American consumers will switch companies because of poor customer service

    89% of consumers are more likely to make another purchase after a positive customer service experience

    78% of customers have backed out of a purchase due to a poor customer experience

    Point Of Sale

    Ordorite’s simple to use point of sale system facilitates both cross selling and upselling in order to maximise our customers sales.

    Cross-selling can increase sales by 20% and profits by 30%

    Upselling and product recommendation is said to contribute up to 35% of overall revenues of Amazon

    Stock Taking

    Features for every aspect of your business

    We offer features to run every single part of your business from end-to-end, with point of sale, purchasing, inventory management, warehouse, delivery. customer service, marketing, and reporting.

    white paper for furniture retail management

    Want to maximise your business efficiency?

    Download our whitepaper to learn how our expert margin tips will help you improve your stock management and overall operational efficiency.

    EZ Living furniture store

    “We needed to systemise our furniture business in order to have one full integrated system to support our expansion. Ordorite provided this to us, tailoring their product to meet our needs. We have worked closely with Ordorite over the years to help our business grow from 2 stores to 13 stores, with more than 250 employees using the system daily. They are now the corner stone of our business, providing us live stock across all our branches and KPI information for all departments, which guides us to make accurate business decisions.”

    Liam Dilleen, EZ Living Furniture

    You have questions, We have answers

    Our team of experts are always here to answers any questions you have. Just contact us today!