Remove 3PL Remove Document Remove Inventory Remove Procurement
article thumbnail

9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

GlobalTranz

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 120
article thumbnail

What is a 3PL warehouse, and how does it work?

6 River Systems

Commonly known as 3PLs , these are businesses that specialize in providing outsourced logistical support. By taking over the day-to-day management of your logistics needs , 3PLs let you focus on what you do best — growing your business. If you’ve been wondering how 3PL warehouses work, let’s take a closer look at their operations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

article thumbnail

DFB Tech Stack: Invoice Reconciliation

Parade

In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. Invoice remediation is especially burdensome for small freight, “less than truckload” shippers that deal with multiple units of inventory, and thus multiple invoices, per shipment. Key Features: Basic Auditing.

article thumbnail

The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.

article thumbnail

Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

GlobalTranz

According to Wikipedia and EDI Basics , Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners. EDI was first developed in the 1960s with the objective of speeding the movement of shipping and transportation documents. EDI In Transportation.

article thumbnail

A Guide to Global Logistics Terminology

Shipsy

And to do so, it is imperative (especially if you are not using 3PL services) that you should know about every term associated with the logistics and transportation management. Bill of lading or BOL is a document, given by the carrier, which includes basic info about the shipment. 3PL- Third-party logistics. BOL- Bill of lading.