Using a 3PL Company to Boost the Supply Chain

Third party logistics companies, which are also known as 3PL are service providers, can perform various tasks for businesses. There are numerous reasons why this can be beneficial. The biggest reasons are listed here:

• 3PLs can not only identify but fill supply chain gaps
• 3PLs can offer solutions for packaging, warehousing, and order fulfillment

Supply chain gaps can kill a business. Long delays in restocking inventory can lead customers to choose a competitor to fill their needs. With an efficient supply chain, there is never a time when inventory is out of stock. Third party logistics services can ensure timely restocking. They can also find multiple sources for products. This is important when one manufacturer is no longer providing enough inventory, they simply move to a different provider. With 3pl warehouse companies can help with product storage, packaging, and order fulfillment.

There are other benefits to relying on a 3pl logistics services which are listed below:

• Cost Savings
• High Level Expertise
• New Technology
• Improve Customer Experiences
• Scalability
• Increased Flexibility

Cost Savings

With an extensive network established by the 3pl provider, they can offer volume discounts. Also, by managing supply chain aspects such as warehouse space, staff, and order tracking, your costs are drastically lowered.

High Level Expertise

It is a difficult task to keep up with all transport documentation to various parts of the world. Each have their own regulations for importing and exporting products. A 3pl can help to keep supply chains and fulfillment flowing smoothly.

New Technology

There are always technological advances in any field. This is the case with chemical storage and shipping methods. At OctoChem, we are constantly looking into making chemical storage and shipping safter and more efficient.

Improve Customer Experience

By eliminating problems in the supply chain which can lead to delivery delays and product availability, customers will have a better experience. When customers have better experiences, they tend to rate their experience positively. Those positive reviews will lead other customers to your business.

Scalability

Reliance on third party logistics companies provide the flexibility of businesses to not have to pay for warehouse space they do not need when sales are down. When a surge in sales occur, there is no scrambling to find storage space. All of that is managed by the 3pl.

Increased Flexibility

Tapping into the vast knowledge of a third-party logistical company can only improve flexibility. It allows companies to focus on emerging markets and shifting their business model as needed. OctoChem can not only help your company maximize profitability, but also expand its reach with our supply chain management.

When you are looking for 3rd party logistics companies to help with supply chain management, look no further than OctoChem.