SaaS-based logistics start-up, Pickrr has announced the launch of yet another value-added service, picker prediction, Product feature aims to provide sellers with predictive analytics as soon as they place an order picker To help reduce the significant risk ratio associated with cash-on-delivery orders.
According to an industry estimate, the order has only a 75% chance of being delivered. There can be many factors behind the non-receipt of COD orders, such as fraudulent orders, wrong addresses, non-availability of cash, late deliveries, restricted areas, etc. This results in significant monetary loss to sellers due to unsuccessful deliveries and inventory. RTO Process.
The company says that to neutralize the additional losses caused to sellers, Picker Predict has been integrated with the company’s all-in-one dashboard. This feature uses aggregated data and evaluates more than 30 parameters including customer’s past online transactions, withdrawal history, high stress delivery areas etc. to calculate the risk percentage and higher before proceeding with the remittance. Be alerted to risky orders. This can help sellers determine further procedures for canceling, confirming or editing details of their orders.
“Failing cash-on-delivery poses a significant challenge for businesses. As an industry leader, we strive to provide solutions to problems that can make a big difference within the logistics ecosystem. Picker Predict is already resolving shipping issues for over 5000. Sellers are currently using this disruptive service,” said Gaurav ManglaCEO and Co-Founder, Picker at launch.