No matter what type of products you stock, the inventory of those products can make or break your business. Proper inventory control can mean the difference between growing your company or losing your customers.
Third-party logistics (also known as ‘3pl’) is a system set in place which allows you to outsource your warehousing and distributions to another location, so that these needs for your business are protected and your service to your clients remains a top priority.
Most companies do not realize how proper yard management will affect their profits. One of your most valuable assets is finding the most efficient system for yard management. One of the major issues that you might face daily is the logistics of your supply train.
You may be considering expansion for your company. You might want to expand the product line that you currently stock and distribute. This is where a “3PL” (or third-part logistics) could assist you to complete this expansion! This means that part (or all) of your products could be outsourced to another location for ease of handling and distribution.
Many companies do not consider their storage of products, not realizing how important their storage solution can be to the growth of their company.
Third-party logistics (or 3PL, as we often refer to when speaking of this service) would be the use of a third party to handle distribution, warehouse facilities, and/or the completion of the ordering process.
As your business is growing, competing with other companies of the same size, or those handling the same products, can be a challenge. You need to know that you have sufficient inventory to cover the orders for your customers.
Perhaps you are new to this term, “third-party logistics” (or 3pl, for short). If you have never heard this term before, let us explain briefly how this will assist your company.
Most people underrate the value of a yard management system. However, they are forced to deal with the issues that arise when they ignore their importance. There are challenges that are usually experienced and could vary from one site to the other. However, there is common ground as most people experience issues in these four areas.