Largest 3rd Party Logistics Companies - The explosive growth of e-commerce has led to an increase in demand for third-party logistics (3PL) services. 78% of companies use a third-party logistics service to improve their supply chain.
But what are the main benefits of using an e-commerce 3PL for your B2B business, and how do you choose the right partner? In this article, we cover everything you need to know about eCommerce 3PLs for B2B, the best 3PL companies, and how outsourcing to a 3PL can improve your business.
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What does 3PL mean? 3PL fulfillment, also known as third-party logistics fulfillment, is a service provided by third-party logistics providers (3PLs) to manage the storage, packaging, and delivery of products on behalf of of their customers. This service allows companies to outsource their logistics operations to a specialized provider, freeing up their time and resources to focus on other aspects of their business.
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In a B2B world where logistics is critical to e-commerce and order management success, 3PL eCommerce order fulfillment is a lifeline for businesses looking to meet their needs, meet the demands of customers, and stay competitive. 3PL is the helping hand that moves products through the supply chain.
To manage your inventory with a 3PL provider, you must arrange to ship your products to their fulfillment centers. This is done by filling out a Warehouse Receipt Order (WRO) documenting the quantity and name of the product shipped. After the 3PL partner receives and sorts the inventory, it is stored on shelves, pallets, or bins, ready for customer orders.
When a customer places an order online, the 3PL partner begins the fulfillment process. Ideally, the online store is integrated with the fulfillment center, so the 3PL is immediately notified of the order and has the necessary information to complete it. The warehouse team retrieves the ordered item from storage and sends it to the printing and shipping department.
The store team will package the product according to your specifications, taking into account prices, weight and brand. A 3PL partner places a shipping label on the product and prepares your daily inventory for delivery to the carrier. They will also send the order and shipping confirmation and consider the possibility of a return.
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For example, they can help you choose high-quality or efficient equipment, organize processes based on forecasted demand, or organize a product. .
E-commerce fulfillment 3PLs are providers for managing the storage of products and the delivery of the solution. Their services include warehousing and warehousing, order processing and packaging, freight forwarding for B2B and distribution of parts for B2C, returns management and with high level prediction.
These 3PL companies handle different types of inbound shipping. 3PL companies often provide sales and distribution of transportation services. Transportation-based 3PL companies handle domestic shipments, cover import and export needs, and handle international shipments.
Some 3PL providers not only provide order fulfillment for their customers, but also support some sales and marketing activities. They can offer brand development services (such as logo design or branded B2B packaging), multi-channel platform management (Amazon/eBay) or e-commerce store management. Sales support 3PL services collect and compile various sales data, which can then be used by the sales team to improve and reorganize product development.
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Depending on their business needs, some B2B e-commerce companies partner with 3PLs to outsource some marketing and fulfillment functions instead of keeping them in-house.
Some companies outsource a 3PL e-commerce service to manage sales or warehouse operations. One needs a third-party logistics provider to ship between the factory and the store, or to receive new goods from manufacturers and deliver them directly to consumers. The use cases are endless and a 3PL can cover them all.
3. 3PLs-forwarders act as negotiators between manufacturers and shippers, coordinating the movement of goods across borders and managing clearances to customs.
5. 3PLs provide technology solutions such as vehicle management systems, warehouse management systems, and supply chain databases.
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While e-commerce is a hot topic for B2B businesses, getting customers to buy from you online is only half the battle. B2B e-commerce companies face the challenge of facilitating and fulfilling these orders when accepting online orders through their website, as the business expands and the number of orders.
How to organize the logistics and not be bound by the transfer problems? Outsourcing delivery and fulfillment activities to a 3PL provider who knows the ins and outs of logistics service can help you secure your entire logistics network and avoid business problems.
Check out the top signs it might be time to consider partnering with a third-party logistics service provider to support your supply chain:
As your business grows and your sales increase, providing your customers with a great customer service experience and fulfillment is critical. But instead of devoting your time to solving logistics and fulfillment tasks, your time can be spent on winning new customers. What you can do outside of the economy and distribution. For example, if you have a lot of customers in California, consider renting a fulfillment center in Los Angeles.
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If your business is affected by seasonal orders, you need to have the right staff to meet the busy schedule. By outsourcing packaging and shipping to a 3PL provider, you don't have to worry about warehouse scaling and logistics. A third-party logistics e-commerce partner can help reduce scale when orders are delayed by separating goods.
Warehouse and storage costs are a significant part of total operating cost. When you run out of storage—which is common if your business is closed—you'll have to pay the storage costs. Renting a warehouse may not be necessary, as 3PL providers can provide storage for many products at affordable prices.
Refunds and exchanges are not possible. You need to allocate the necessary resources to process product changes or handle returns, which will increase productivity in your organization. Providing e-commerce and 3PL technology helps restore efficiency by managing returns and exchanges.
Let's say you are buying products that require special handling or shipping, such as dangerous goods or heat storage products. In this case, the 3PL provider can help with the implementation and provide the desired delivery information.
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If you want to reduce costs related to warehouse, transportation and labor, a 3PL provider can use their marketing power and expertise to help you negotiate the more cost effective and secure your supply chain.
Hiring a third-party logistics provider for e-commerce fulfillment management can help increase your bottom line. Here are some ways to grow your 3PL business:
3PL providers specialize in warehouse, shipping and fulfillment and bring all the necessary information to translate into a customer experience. Let the experts take care of the logistics while you take care of your business.
By outsourcing warehouse and supply management to a 3PL provider, e-commerce companies can reduce business, labor, technology and operational costs.
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Forget overpriced warehouses, warehouses or antiques. 3PL e-commerce manages your inventory only to fulfill the demand for the product.
Shipping between some products can be very expensive. Hiring a 3PL to manage international shipping can help ensure fast delivery to new countries at competitive prices.
While there are many advantages to using a 3PL, there are also disadvantages. Here are the five biggest pitfalls of working with a 3PL provider.
Finding a good 3PL partner that understands your business and adapts to your changing business needs over time. When choosing a third-party logistics provider, consider the size of your business. Consider whether a 3PL company can manage your current operations and scale with your growing or changing business needs. Evaluate the supplier's past and current performance and see if they have long-term customers. Also, make sure the 3PL provider supports the technologies used by your business.
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A third party manages your business activities. You have to deal with a lack of direct control over products and order fulfillment, and you have to trust how your 3PL partner will deliver the promised services.
If the 3PL doesn't fulfill its part of the contract, it can damage your reputation and affect your company's reputation. In this way, the former is no longer in danger: do not rush to choose a third-party logistics provider.
Communication can be difficult when it comes to a 3PL provider. You should rely on them to provide information about your inventory levels, new shipments, and logistics-related information. When communication breaks down, it can lead to delays and customer frustration.
Integrating your e-commerce platform with a 3PL provider can be difficult and time-consuming. You need to ensure that your systems are efficient and that data is transferred smoothly. This is a challenge for businesses that need technical expertise or resources to manage integration.
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Some third-party logistics providers provide a specific service, while others offer complete solutions. The best e-commerce 3PL companies offer outsourcing solutions to support the entire supply chain.
Choosing the right third-party logistics (3PL) provider for your e-commerce business can be difficult. Here we go
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