Third Party Logistics

LeanCor

5 Things You Should Expect From Your Third Party Logistics Provider. The new role of the third party logistics provider will not just be to transport and store, but rather to serve as a trusted partner in the lean journey by identifying problems, implementing solutions, and adding value in global and complex supply chains. Here are five key things you should expect from your third party logistics provider.

Third Party Logistics Services

LeanCor

The process of getting the right product to the right customer at the right time is the job of effective logistics. Every company that produces a product for consumers or other businesses must deal with the issue of the supply chain, or logistics. Not only do companies have to ship products to customers, they are customers to many other companies for raw materials and supplies. Logistics is a multi-billion dollar business that requires a new level of discipline and attention.

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Managing a Third Party Logistics Partnership

The Logistics of Logistics

If you do not want to start at the 3PL as a contact customer with a SLA/KPIs, you can ship your goods and become a public account. Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. The post Managing a Third Party Logistics Partnership appeared first on The Logistics of Logistics.

Expect MORE from Your Third Party Logistics Provider!

Supply Chain Network

Contrary to what many procurement professionals may think, all third party logistics providers are not created equal. And as retailers are pulled further and faster into the omni-channel future the need for advanced third party logistics providers will only continue to increase. The very nature of omni-channel means getting closer to the customer and when it comes to logistics this couldn’t be more true.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. Take a moment to think about how these remaining six trends will impact the shipping and freight industry as a new administration takes control. The Trump administration could be a redeeming feature for the logistics industry, but some of his recent promises could come at a great price.

Beware the Ship-From-Store Spin Cycle

Supply Chain Network

Seems like every so often there’s a new trend that takes the retail and e-commerce world by storm and the latest of these seems to be Ship-From -Store. An omni-channel nirvana being pumped by systems companies, and falsely supported by ill conceived surveys of analysts alike, the best thing since sliced bread this year is apparently Ship-From-Store. On the surface Ship-From-Store sounds like a great idea. Still think Ship-From-Store is a good idea?

This Week in Logistics News (September 14-18, 2015)

Talking Logistics

Lots of supply chain and logistics news this week, so let’s go straight to it… Transplace Acquires M33 Integrated. New Infinea® X from Infinite Peripherals® Expedites Warehouse, Logistics and Supply Chain Operations. FedEx to Increase Shipping Rates for Express, Ground and Freight Services. Final rule for electronic logging devices is pushed back to end of October (Logistics Management). Another week, another acquisition in the third-party logistics (3PL) market.

Six Ways You Can Benefit Now From ‘Augmented Fulfillment’

Supply Chain Network

Well today I’m pleased to introduce you to the concept and emerging new logistics reality of ‘Augmented Fulfillment’ (AF) which will allow logistics operators to add and enhance customer experience capabilities. So Logistics and Supply Chain operators are now truly between a rock and a hard place, and without a solution Retailers and etailers who just maintain the status quo will likely not be around in 3 to 5 years.

Seven Signs Your Retail Business Needs an Omni-channel Makeover

Supply Chain Network

Sign 1: Dual Inventory. Probably the simplest of these indicators is whether your organization maintains seperate and often duplicate inventories of product, one to support store distribution and another to fulfill e-commerce orders. In addition to increasing overall inventory investment, keeping dual inventories can also lead to potential stock outs, delays and costs due to any needed transfers between these two inventories. Sign 5: Store Inventory.

Emerging Options for Omni-Commerce Logistics Strategy

Supply Chain Network

At SCI Logistics in addition to fulfilling millions of e-commerce orders on an annual basis, we also spend a significant amount of time studying the optimal methods of helping our customers serve consumers in Canada. This is simply a reflection of blunt reality, before any firm can even think of accomplishing a full Matrix Commerce implementation, they and their organizations will have to master and implement the basics of Omni-Commerce logistics. Ship From Distibution Centre.

Waveless Picking: Is Your Supply Chain Able to Compete with Amazon?

Supply Chain Nation

Now think about your online shopping and shipping expectations today – a 10-day delivery estimate is unacceptable to most, if not all, consumers. This has created a very challenging environment for wholesale distributors, third party logistics (3PLs) providers, manufacturing and retail companies. Orders are prioritized and the right inventory is allocated, instead of waiting for wave batch to be created. Think back five years ago when you shopped online.

Emerging Options for Omni-Commerce Logistics Strategy

Supply Chain Network

This is simply a reflection of blunt reality, before any firm can even think of accomplishing a full Matrix Commerce implementation, they and their organizations will have to master and implement the basics of Omni-Commerce logistics. To do this you need to ensure that at ALL locations where stock is held or displayed for retail sale, that ACCURATE and TIMELY inventory information is available. Ship From Distibution Centre. Ship From All Stores. Drop Ship From Vendors.

What is Inventory Shrinkage?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product.

Third Party Logistics Companies Checklist for Choosing and Qualifying a 3PL

The Lean Supply Chain

Location for Warehousing: • Size of building. • Number of bay doors (enough to ship and receive x amount of containers or trailers per day). • Close to ports, airports, railways. • Close to major highways. • Available space. • Available space for busy / heavy shipping periods. • Available space for expansion. • Product mix: Complementary to yours?

How to Successfully Integrate an E-Commerce Shipping Plan Into Your Traditional Shipping Practices

Cerasis

E-commerce value will exceed $4 trillion by 2025, and demand for e-commerce requires seamless integration between traditional shipping practices and an e-commerce shipping plan. Its global nature makes conventional shipping strategies inefficient and utterly unworkable. Challenges in Integrating an E-Commerce Shipping Plan A primary issue in integrating e-commerce shipping goes back to the extent of current shipping practices. E-Commerce Logistics

Waveless Picking: Is Your Supply Chain Able to Compete with Amazon?

Supply Chain Nation

Now think about your online shopping and shipping expectations today – a 10-day delivery estimate is unacceptable to most, if not all, consumers. This has created a very challenging environment for wholesale distributors, third party logistics (3PLs) providers, manufacturing and retail companies. Orders are prioritized and the right inventory is allocated, instead of waiting for wave batch to be created. Think back five years ago when you shopped online.

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. The first step to controlling inventory flow effectively is liquidation of all non-essential products, explains Paul Trujillo of Business2Community. This will help to prevent the reordering of slow-moving products and ensure optimum inventory levels.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. What is vendor-managed inventory? The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor. Maintaining optimum inventory levels.

Need Last-Minute Holiday Fulfillment? Get Started Quickly With a 3PL

ShipBob

Logistics is no exception. If you find yourself in the position of looking for immediate help fulfilling your customers’ orders, you may come across a plethora of third-party logistics ( 3PL ) providers. Previously, she found herself spending all her time on fulfillment while on vacation, constantly checking on new orders, finding wifi to print labels, and shipping inventory out of the back of her car. Offer fast shipping.

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model.

Optimum Omnichannel Inventory Control

Unleashed

As with any retail company, inventory represents a large amount of tied up cash, or assets as it were, and if mismanaged, this can be a significant area for loss. Therefore, managing omnichannel inventory is extremely important for preserving the bottom line, increasing profits and keeping those shareholders happy. Let us dive in and consider some of the obstacles to flawless omnichannel inventory management. Methods to implement for optimum omnichannel inventory control.

Logistics Key Process Indicators (KPIs)

The Logistics of Logistics

If you move freight for a living, you know the importance of logistics key process indicators (KPIs). A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.). Selecting the Right Logistics KPIs. Determining the right logistics KPIs for your company will depend on your company. Shipper KPIs will be different than logistics providers. The New Logistics KPI – Measuring Customer Service.

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Peak Shipping Season: A Review of Trends from the 2018 Holiday Peak Season

Cerasis

We will delve into what will set third-party logistics providers apart in the coming year, and what to expect as e-commerce continues to merge with brick-and-mortar retail. We will turn over each stone and consider how innovative technology will shape the future of shipping and logistics. So, let us reflect on the peak shipping season trends we saw at the close of 2018 and how those trends will affect the industry now and throughout 2019.

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Inventory Visibility – Beyond ERP

TPSynergy

Inventory Visibility. Inventory is a key part of any business. Manufacturing, Distribution businesses depends on availability of correct inventory. Important feature of inventory is its visibility. If the inventory lies in a corner of the warehouse and not visible to Planners, it will add to inefficient resource utilisation. ERP and Inventory Visibility. Most of the business today, depends upon their In-house ERP system for inventory visibility.

Shipping Technology: Non-Tech Savvy Shippers Lose Advantage Over Time?

Cerasis

What happens when shippers simply forgo implementing shipping technology, and how can shape their future demise? Shippers Must Weigh In-House Versus Off-the-Shelf Shipping Technology Solutions. The first struggle with implementing shipping technology in an enterprise goes back to considering in-house versus outsourced tech solutions. In modern shipping, there are numerous off-the-shelf tech solutions and platforms that can enhance a company’s productivity.

WordPress Ecommerce Shipping: Scaling Your Online Store Through Shipping

ShipBob

Even more, WooCommerce offers flexible shipping options and settings, including the opportunity to work with tech-driven order fulfillment companies and other platforms that can help you grow your business. In this article, we’ll cover everything you need to know about shipping for your WooCommerce store, including WooCommerce shipping setup, available plugins, and ecommerce fulfillment options. Shipping on WordPress: your top 3 options. Table Rate Shipping Pro.

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Try using a Vendor Managed Inventory (VMI).

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What Are the Best Ways to Optimise Your Inventory?

Unleashed

Inventory optimisation is changing the way businesses are running their warehouses and managing their inventory stock. Focusing on inventory optimisation allows companies to free up working capital without substantially changing the service levels. Companies are moving beyond the “binge and purge” inventory philosophy. They used to over-buy their inventory stock. If demand didn’t match their inventory stock levels, they’d discard it at the end of a season.

Why OmniChannel Solutions are Needed in Shipping & Logistics to Meet Consumer Demand

Cerasis

When the Internet first arrived, the idea of waiting for an extended period to receive a product was great, asserts Gordon Hellberg of Material Handling and Logistics. However, Amazon is shaking up the mix by seeking to make today’s e-commerce practices obsolete, and shipping and logistics providers need to understand why. Consumers are also expecting more of manufacturers and shipping companies. Shipping and Logistics Providers Seek to Attract Millennials.

LTL Carrier Scorecard with Key Process Indicators (KPIs)

The Logistics of Logistics

The LTL carrier scorecard becomes a roadmap for driving LTL shipping improvements. The old adage, “you can’t manage something you can’t” measure” definitely applies in logistics. Without measurement, shippers and logistics providers are not able to objectively analyze logistics performance. A metric is any standard of measurement (number of carriers, inventory turns, average shipment weight, etc.).

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Wrapping up 2019: Today’s Surface Transportation Market

CH Robinson Transportfolio

Inventory levels’ influence on demand. The inventory to sales ratios published by the U.S. 3pl Freight Market Update Truckload Shipping 2019 truckload market 3PL Market update Supply Chain third party logistics truckload capacity truckload demand Truckload MarketAs we wrap up 2019, it’s not too late to prepare for the conditions of the changing transportation market and review expectations for the coming year.

What’s The Best Inventory Storage System for Ecommerce Shops?

ShipBob

Storing inventory is a necessary part of running any business that sells physical goods. As an ecommerce business, it can be tough to know which inventory storage system is the best for your business. Between self-storage, warehousing and third-party logistics ( 3PL ) providers, how exactly do you know which option is right for you? What are inventory storage solutions? 3 types of inventory storage solutions. Inventory warehousing security .

The Ultimate Guide to a 3PL Business

Cerasis

Third party logistics (3PL) is the function by where the owner of goods outsources numerous components of the supply chain to a 3PL company that can perform the management function of the clients’ customs, inbound freight, distribution, warehousing, order fulfilment and outbound freight to the client’s customers. Third party logistics (3PL) refers to a business that provides one or several logistics related services. 3PL Logistics 3pl logistics

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Insight on how 3PL handles eCommerce Returns for B2B and B2C Retail Brands

Vinculum

Why Third-party Logistics? However, logistics is one of the areas where complexity arises as one moves from physical retail to e-commerce. That is where the third-party logistics retailing comes into picture.The complexity, which comes along with e-commerce, makes a strong case for hiring a third-party logistics provider. What is Third Party Logistics all about? Need for Third Party Logistics Outsourcing.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains.