With multiple factors to consider before signing on the dotted line, selecting the right third party logistics partner (3PL) is not an easy task. However, by understanding what you need to look for and how it affects your business, selecting a 3PL becomes a simple task for any business. If you’re trying to find a logistics partner, here is a simple 5-step guide that will help make the process easy.
The word logistics is used extensively, but surprisingly, not as well understood as it should be. It is more than just simply warehousing, kitting, transporting and distributing your products. The very nature of logistics can change depending on the field of logistical service or solution required. As such, we are going to help you understand a few of the different fields of logistics.
As a growing business, we know that you are no stranger to logistics. With a focus on gaining a strong footing in your industry, there is a chance that you, like millions of others, considered the prospect of Logistics. Unfortunately, the myths that surround logistics could be holding your business back. Here are 3 common Logistics myths and why they are not true.
Many organizations seek to improve their operations through improved logistics. The efficiency in a company that can be improved through logistics is dependent upon the nature of the business. Certain organizations have greater capacity for improvement in logistical systems. For example, a manufacturer should be able to improve their profit margins more significantly than an importer of goods, as a manufacturer is involved with importing raw materials or parts from suppliers and transporting these items to retailers or customers. A retailer or importer has fewer interactions with the transportation of goods and therefore less room to improve their margins with improvements in their logistical systems.