How Selloship Logistics Is Using AI To Help Ecommerce Sellers Reduce RTO
2 min read . Updated: 27 Jan 2023, 07:40 PM IST
PremiumSelloship Logistics is using AI to revolutionize the way eCommerce sellers can reduce their RTO losses. By analyzing and detecting RTO losses even before they occur, the company's AI algorithm has enabled eCommerce sellers to reduce RTO losses by an impressive 60 per cent
As an eCommerce seller, you know firsthand how frustrating and costly RTO losses can be. These losses occur when an order is returned to the sender, often due to incorrect or incomplete customer information, fraudulent activity, or other issues. Not only do RTO losses result in lost profits for you, but they also lead to decreased customer satisfaction and can damage your reputation.
That's where Selloship Logistics comes in. Mohammed Fakira and Ahmed Bawa of Surat, Gujarat saw this gap in the eCommerce ecosystem where most of the sellers incurred a great loss.
They came up with an AI-based system to help fellow sellers. They're using AI to revolutionize the way eCommerce sellers can reduce their RTO losses. By analyzing and detecting RTO losses even before they occur, Selloship's AI algorithm has enabled eCommerce sellers to reduce RTO losses by an impressive 60 per cent.
One of the key ways this technology helps to reduce RTO losses is through real-time analysis of over 300 parameters within 200 milliseconds of an order being placed. This allows the algorithm to identify and flag risky orders, resulting in a reduction in information-related RTO losses of 45 to 60 per cent.
From the moment a customer lands on your eCommerce store's page, an in-depth analysis of their clicks, traffic source, and behaviour is created. This data is used to identify fraudulent orders, orders made by bots, and impulse purchases. In addition to these features, Selloship's AI technology verifies and auto-corrects customer information such as addresses and phone numbers. It also automatically flags orders from temporary addresses and high-risk zip codes, further reducing the likelihood of RTO losses.
To take things a step further, their technology uses cross-references of placed orders with other eCommerce sites to check for past RTO history and other fraudulent behaviour. Each order is then assigned a risk assessment score based on this information. Selloship has compiled data from over 5,000 brands, and the results speak for themselves: a 60 per cent reduction in RTO losses, a 35 per cent reduction in no delivery reports (NDRs), and a 15 per cent increase in fulfilment.
Not only are they helping the sellers but their own team has an exceptional year-over-year growth where they are providing new opportunities to the younger generation.
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