AI-Powered Delivery Date Predictions: Your Secret Weapon for Business Growth
Parcel Perform
Pushing beyond post-purchase | AI-powered E-Commerce Data & Delivery Experience Platform
For most #ecommerce buyers, a flawless checkout experience begins with an accurate estimated delivery date (#EDD).
Two key tools revolutionizing the future of e-commerce? Artificial intelligence and #machinelearning. #AI algorithms analyze vast amounts of historical #data to identify factors influencing delivery times. And machine learning models, powered by #artificialintelligence, constantly learn from this data to improve their prediction capabilities over time.
If you're an e-commerce brand looking to boost conversion rates, providing reliable EDDs can be a big push to get customers to cart out on your #online store.?
On the customer-facing side, trustworthy EDDs:
Reliable EDDs also have a major benefit for your #business: Cost reduction. Here’s how it works:?
1) Reduced cart abandonment
Maintaining an e-commerce store requires spending on #marketing, web design, logistics #infrastructure, and so on. A reliable EDD convinces customers to complete their transaction on your website, turning that expenditure into conversion.?
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2) Greater #logistics efficiency?
Accurate EDDs enable better shipping choices. When your business teams are clear on estimated transit times, they can determine if any potential bottlenecks will occur. In turn, they can better plan #inventory and reduce warehousing costs.?
3) Prevent missed or delayed deliveries
Missed deliveries are a major source of unnecessary costs. AI-driven systems can predict if shipments will be delayed – and notify customers so they can adjust their plans. In such cases, you can also optimize delivery routes according to new updates.?
4) Reduce returns and associated costs
Clear delivery dates decrease the chances of order cancellations and #returns. With a reliable EDD, your business assures customers that whatever they ordered will reach them whenever they need it.
5) Prioritize reliable carriers over speed
AI-driven EDDs allow precise planning for timely deliveries. Instead of paying more for faster deliveries, your business can optimize routes and cut costs by selecting high-density carriers.
Has your business been working with AI or machine learning to fuel your delivery prediction engine? Let us know how it’s been going in the comments.?