As businesses capture new markets and struggle to maintain their profits in a diversified and highly price sensitive market, relying on in-house solutions can mean higher costs which translates to poor profit margins and problems. Add to the milieu the issues of damages and returns and you have a major bottleneck that can drive away your customers and their impression about your brand. Selecting the services of leading 3pl companies includes covering either or all aspects of the product delivery, like -
- Transportation management- This includes arranging for the movement of goods by truck, rail, air, or sea, as well as managing all aspects of transportation, such as route planning, carrier selection, and shipment tracking.
- Warehousing and distribution- 3PL companies provide warehousing services such as storage, pick and pack, and order fulfillment. They also handle the distribution of goods to customers or other locations.
- Freight management- This involves the management of all aspects of the shipping process, including negotiation with carriers, shipment tracking, and handling customs clearance and other regulatory compliance.
- Inventory management and control -This service involves managing and optimizing the customer's inventory
Critical features to look for in the 3pl companies
- Location- Consider the location of the fulfillment center and whether it is close to your target market to reduce shipping times and costs.
- Streamlined inventory system - Selecting the best 3pl fulfillment companies must improve profitability and reduce waste. They must also help to streamline inventory of in-demand goods.
- Cost savings- By outsourcing fulfillment services to a trusted 3PL service provider, your business must be able to control and reduce their internal logistics costs, overheads and drive in efficiency. Compare the costs of different fulfillment centers and look for one that offers competitive pricing while still delivering high-quality services.
- Scalability- Make sure the fulfillment center can accommodate your business as it grows, both in terms of storage space and capabilities.
- Reputation- Research the fulfillment center’s reputation and customer reviews to ensure they have a track record of delivering quality services.
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