With the growth and expansion of many businesses, many issues involving customer demand, locations, new manufacturing methods, and other crucial factors can suddenly arise. Partnering with a third-party logistics company could be the next step to push your business further and ensure its improving success. Logistics is a function that can greatly benefit from choosing the right third-party provider.
What is 3PL?
Third-party logistics, 3PL in short, includes a plethora of services that are provided to businesses by an external company. Some of these services include warehouse and inventory management, order packing and fulfillment, efficient shipping methods, customer service, and returns processing.
3PL services can usually adapt and mold to the needs of the business – making third-party logistics flexible while having the ability to scale with any business. A great 3PL company will listen to your goals and objectives – helping you conquer them.
Should You Choose 3PL?
As a company grows, the need for warehouse space increases as the company no longer has the ability to manage its inventory – the demand is simply too high. On top of that, maintaining your own space and inventory can be extremely costly. 3PL warehousing can be a great option when it comes to affordable storage.
Challenges like customer service, order fulfillment, returns, order tracking, inventory management, and technical services can all be handled by a 3PL. This will take off all the unnecessary stress of backend issues – allowing you to focus on growing your brand. The more challenges a business faces, the more a 3PL partner can come into play.
Also, when expanding into new markets, businesses can rely on a 3PL to assist in their growth into new regions around the world.
The Benefits
Cost savings are a huge factor when you partner with a 3PL. You save in areas such as transportation and shipping fees, warehouse space, and advanced technology (that your company can take advantage of) – without having to place a large investment.
As well as cost savings, you’ll receive time savings. This means that you can expect faster shipping and reduced delivery times through a lower cost per unit shipped. This kind of flexibility has a big impact on the profits of a business.
