Smarter Storage Impacts Your Processes and the Bottom Line
Your in-house storage worked fine when your company was smaller and you only had a few products, but the more complex your inventory becomes, the more complex your system has to become. This is where it starts to get tricky. A more complex warehouse management system can be used to increase efficiency, unless it doesn’t and only manages to create more headaches.
That’s where having a 3rd party logistics partner handle your upgraded warehouse storage becomes such a value. You don’t have to supply the AI-assisted equipment, the warehouse management system that can locate anything in the warehouse and keeps a great deal of data on each SKU, or train the additional employees in agile supply chain practices.
All you need to do is grow your business and let your 3PL handle the tedium of warehousing and distribution. In other words, let your 3PL partner customize your smart warehouse. You’ll even have access to reports on product sales that can, given enough information, predict how much inventory you need to keep in stock to fulfill orders without having too much extra that just never sells. In many industries, that alone can be a major cost, even if you can recycle part of the unsellable material.