When looking for better logistics solutions for your company, you may be tempted to go with the bigger, flashier 3PL suppliers, assuming that a firm’s size is directly proportional to its efficiency and technological skills. But, in reality, bigger isn’t necessarily better.
This article will offer you a clear understanding of the benefits of the third-party logistics provider environment, allowing you to make a more informed decision about your provider.
https://www.fornewz.com/why-a-medium-size-3pl-warehouse-and-distribution-is-better-than-huge/
For the notorious chassis shortages leading to congestion at ports of Los Angeles and Long Beach, Intermodal Equipment Providers and truckers blame bottlenecks at marine terminal gates.
They want ports to make it mandatory for ocean carriers to exchange advance shipment information, which would increase cargo velocity across the supply chain.https://materialhandlingsystems.weebly.com/blog/ports-of-la-and-long-beach-challenging-supply-chain-essentials-at-west-coast
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Not having access to accurate inventory data and proper inventory management could result in many issues.
Companies have to wait until the stock runs out before making more.
It’s stressful and costly, and not only to the company but to customers as well.Inventory management system allows companies to identify which goods are selling at what time, where they need to order more from, and helps manage cash flow.
The inventory management system makes sure that there’s always enough stock for customers right now and in the future by focusing on four key areas: forecasting, ordering, analyzing, and controlling supply chain processes.Inventory management software is one of the most important functions a business owner can perform and it's something that will improve your financial situation significantly if you manage your inventory correctly.
Very simply put, inventory helps drive the flow of money in your business and out.
All your suppliers need is a place to put their products and you have a harder time getting rid of excess inventory than if you had a centralized system for ordering.
