Warehousing your products, fulfilling your customers’ orders, and shipping their orders on time involves a set of complex activities. These are the core of any business, regardless of its size. Many business owners leave these primary warehousing activities and transportation to third-party logistic (3PL) companies who are better experienced and specialize in handling the operations effectively.
You may think that hiring a 3PL company would be an additional cost to your business; however, the reality is quite the contrary. Ahead, we’ve rounded up some ways in which third party warehousing increase your revenues and reduces operational costs.
No Need for an Initial Investment Outlay
The most significant saving that third party warehousing provides you with is that you won’t have to invest a large sum of money to build a warehouse—big or small. Also, you won’t have to worry about buying or leasing special equipment such as pallet racks, forklift trucks, weighing instruments, sortation, and conveyance systems, and advanced warehouse management software (WMS).
No Need for Additional Hiring
To handle warehousing and shipments effectively on your own, you will need more staff. Not only will you need to recruit more people, but you will also have to train them no matter how experienced they are. And hiring is not just about interviews, selection, and training; it’s a whole process! From attracting the right candidates and checking their backgrounds to establishing fair salary scales and incentives—each step requires research, time, and money.
So, why not leave it to a 3PL company that has the entire infrastructure and workforce already ready and set to go?
Third-Party Logistic Companies Are Experts in What They Do!
Like it or not, their workforce is far more experienced and well-versed in handling stock, managing warehouse, fulfilling orders, and delivering products to customers through timely shipment. They are also already trained to use the specialized equipment at their storage units. A reliable 3rd party company will also take care of the packaging and safety of your stock.