Everything You Need to Know About Third Party Logistics Services

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Everything You Need to Know About Third Party
Logistics Services
www.riddhicorporate.co.in
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What is 3PL Logistics?
A Third Party Logistics Services, or 3PL,
involves getting outside help with the
fulfillment of orders, inventory management, and
warehousing.   3PL partners handle storage,
picking, packing, and shipping on your behalf
instead of delivering goods to your own
warehouses.   3PL companies can handle the extra
workload or overhead for fast-growing ecommerce
brands so they can scale up sales quickly.   A
3PL company can perform a variety of services,
some of which may cover all your fulfillment
needs, while others may only cover part of what
you need. Finding the right 3PL partner is
important to your business' success.
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What are the Different types of 3PL Companies?
There are several types of 3PL companies and
service providers, so before you can choose the
right fit for your business, you'll need to know
what your options are.  
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What are the Different types of 3PL Companies?
This Breaks Down Into Three Types ?1.
Distribution A common 3PL Service is
distribution, which involves warehousing and
distributing your products. Obviously, this is an
option you should consider if you want to expand
your business into more channels while
maintaining 1-2 day shipping.   2. Financial and
information A 3PL with special expertise in
international supply chains should be a good
choice for bigger brands handling a large volume
of orders. Optimizing your fulfillment process
and adapting to changing global operating
conditions can be provided by them.   ?3.
Transportation As well as transportation
services, these 3PL companies often provide
warehousing as well. When you are looking for a
3PL provider, FedEx is a great choice if you just
want one provider for all of your fulfillment
needs, rather than dealing with multiple
companies.
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WHO SHOULD USE 3PL?
Would your brand benefit from partnering with a
Third Party Logistics Provider? You might need to
consider more formal Third Party Logistics
Services if you recognize the following as part
of your current growth stage   The volume of
orders you receive is too high If you cannot
fulfill everything yourself, there will be an
advantage to hiring outside help. An easy way to
determine if you need fulfillment help is if you
get more than 100 orders per month.   Your
delivery times must be reduced Customers expect
free 1-2 day shipping from Amazon (this is the
effect of Amazon/Prime). The ability to meet
customer expectations can be made easier if
youve recently increased sales and have
infrastructure already in place through a 3PL
logistics partner.
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WHO SHOULD USE 3PL?
  Youre running out of your own warehouse space
Having recently increased sales can also cause
you to run out of warehouse space. Rather than
taking on this responsibility yourself, you might
be better off bringing in a 3PL partner to help.
The same is true if the organization of your
warehouse is getting unruly.   ?You want to
scale Scaling your brand brings many
challenges. By outsourcing extra fulfillment
requirements to a specialist 3PL provider, you
can reduce some of the overhead and risks
associated with scaling.
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The 3PL Process and Considerations

•  
• When you are used to running your ecommerce
  business alone, it can be unsetting to let
  someone else handle the Logistics of shipping
  your goods, so lets demystify it a bit before
  you give it a go.
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• 3PL Partners typically ships goods in the
  following way
• Receiving
• Picking
• Packing
• Shipping
• Returns

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The 3PL Process and Considerations

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• 3PL Partners can provide you with the following
  services
• Ecommerce Platform Integration
• Shipping on the same day or within 2 Days
• Returns Management and Reverse Logistics
• Tracking capability for Customer
• The Distribution of Inventory
• Fulfillment of Orders Internationally
• Options for Flexible Shipping

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Conclusion
  Logistics Service Providers are transforming
the supply chain sector, helping their customers
focus on their core businesses while managing
their Transportation, Freight Operations,
Warehousing and more. As a result, companies
are being able to save costs, expand their
businesses, and improve their operations. 
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