Third-party logistics, often abbreviated as 3PL, refers to a business that will perform the warehousing functions and store inventory for your company. A 3PL service provider can be an essential connection between manufacturing operations and your customer base.
A 3PL WMS module is developed to handle the complex operations of third party logistics with many different inventory owners in a seamless manner, with real-time, omnichannel visibility and customizable features.
What Is the Scope of 3PL?
3PL companies typically offer the following services:
- Receiving and shipping
- Management of inventory
- Picking and Packing
- Kitting and dekitting
- Reverse logistics
- Warehousing
- Freight shipping (FTL and LTL)
Different 3PL companies serve different niches; some companies offer cold fulfillment, some handle hazardous materials.
What does your business stand to gain from using third-party logistics? The benefits are manifold:
- 3PL eliminates the need to lease space for warehousing. Outsourcing order fulfillment could help situate operations closer to customers.
- The 3PL handles reverse logistics and processing of returns becomes easier.
- The cost of goods sold is lower. Upfront purchases mean you can access wholesale pricing. You can also save on shipping costs as 3PL companies are volume shippers.
- There is more flexibility in sourcing products, as the 3PL company can handle multiple suppliers.
- Additional services like customization, kitting and dekitting, and freight shipping are offered.
The numerous advantages gained by utilizing a 3PL service are clear. If you do choose to give your business to a 3PL service provider, you will need a 3PL warehouse management software that can handle the multi-faceted operations that go with it.
Why PALMS™ 3PL WMS?
Implementing the PALMS™ 3PL warehouse management system can offer several benefits to your business, including streamlined operations, cost savings, improved customer service, scalability, flexibility, and data-driven decision making. PALMS™ 3PL comes in two flavors, namely – PALMS™ 3PL Standard – for regular 3PL warehouse operations and PALMS™ 3PL Enterprise – for large and complex 3PL warehouse operations. The PALMS™ 3PL warehouse management system has all the capabilities to make the difference. We can optimize your supply chain operations with detailed analytics and help achieve a competitive advantage in dynamic, ever-changing marketplaces. Experience the most comprehensive, end-to-end solution for 3PL warehouse management with our cloud-based software PALMS™, and watch warehouse throughput, productivity and efficiency skyrocket! PALMS™ is the only third-party logistics warehouse management system you will ever need. Read more about our features here. Speak to our in-house supply chain experts and find out what the PALMS™ difference is. Get a call back today!