If you run a business that sells a physical product, you will no doubt be acutely aware that the efficiency of your shipping and receiving processes can potentially be the difference between your ongoing success and your eventual failure. So, what can you do to improve your organization's ability to deal with returns and fulfill orders? Well, for many business owners, effective inventory sorting has proven to be the perfect answer.
3PL stands for third-party logistics, and it is one of the most important elements when it comes to business and warehouse management. Shipping product is a major part of the most modern industry since companies now need to reach clients and customers all across the world. If you are unable to keep track of your product, where it travels to, and in whose hands it is, then you will lose money rapidly from lost items, theft, and even general oversight.
When you operate a business, you need a reliable location to store your goods and materials when they are not being produced or in the hands of customers. This is where proper storage comes in. Many businesses rely on the storage and warehouse industries to provide safe, comfortable spaces for all sorts of products to be stored when they are not en route to a new location, being produced or being used by buyers.
As a small business owner, you are constantly on the lookout for ways to optimize your company's day-to-day operations. In researching ways to accomplish this goal, you may have come across the concept of 3PL (or third-party logistics) - a supply chain solution that would allow you to outsource your distribution and fulfillment needs. But is it a viable option for your small business?
Whether you manufacture footwear or children's toys, your inventory is, without question, one of your company's most important assets. After all, if you did not have any stock on hand, you would not be able to fulfill orders from your wholesalers and keep a steady supply of money flowing into your business.
Yard management is the process of overseeing the movement of trucks and trailers as they come and go out of their depots. It’s a highly complex topic and is constantly evolving as modern technology adapts to our transportation management needs.
It’s hard to predict at exactly what scale the effects of Covid-19 will have on logistics and 3Pl nationwide, but it will be affected. With all the panic and confusion consumers have rushed market places all around the world in an attempt to stock up on essentials. Also, suppliers have begun to stockpile parts when they are available. Some call this wise planning, but do they realize the effects it will have on the supply chain? 3PL providers can expect to see a fast increase as logistics companies struggle to keep up with the demands of restocking shelves, and filling orders. With all the fear of shortages, consumers will want their product at warp speed, also making expedited freight feel the pressure also.
Every time a customer clicks the order button on a website and waits for their product to arrive, a long series of events begins to unfold almost immediately. To illustrate the journey a product will go through with a 3PL business that helps out another business to get their customer’s what they want through value added services, we will take a look at what exactly happens when a customer hits order from the first click to the storage facilities and beyond.