Understanding 3PL Warehousing: Challenges and Commitment
Efficient supply chain management is a key to success in today’s fast-paced corporate world. This is the scenario where 3PL warehouse solutions come into play. In this article, we will explain the meaning of 3PL and benefits of outsourcing your logistical operations to a 3PL service provider. What is 3PL? The full form of 3PL is third party logistics. It refers to companies having specialization in managing different aspects of a supply chain. This includes inventory management, order processing, warehousing, shipping and receiving services and other essential logistical support. Third-party involvement is not limited to only ecommerce fulfilment services and highly required for freight transportation. These service providers coordinate all the aspects from choosing carriers to negotiating rates to detailing pick-up schedules and deliveries while monitoring optimised strategic routes. All these are aimed at ensuring timeline-aligned and cost-efficient shipments. Fulfilment...