You may find that your business is expanding and growing quicker than you originally thought. If this is the case then you may need some more help with storing and distributing stock. If you are currently trying to distribute and store stock on your own then it may be useful for you to think about employing a third party logistics company to your business. This way you will be able to hand over all the logistic responsibilities to them.
What Will 3PL Be Responsible For?
If you do decide to employ a 3PL (third party logistics) company to your business then you will be handing over a lot of the responsibilities concerning your stock over to them. You can ask for different services off a 3PL. You may only want to use them for warehouse storage. If this is the case then you should find out the location of the warehouse prior to signing any contract. If the location is right for you, then you will be able to store your stock in the warehouse for an agreed monthly fee.
If you believe you will need more help from your third party logistics company, then you can also employ them for your distribution needs as well. You will be able to use the 3PL to be in charge of distributing your stock to your customers. However before you decide to use them for distribution you should check that they have the correct type of transport for your goods. If you work in food manufacturing, you may need a cold storage truck to transport the goods. You may also need to transport goods by train, air or sea. Not all 3PL will offer the same services, so it is important that you look around to pick the logistic services which are right for you and your business.
Some 3PL will also offer supply chain management. This will mean that they are completely in charge of your stock management. The 3PL company will track your stock and finances. They will control what stock you have in your business and alert you when you need to order more. If you are currently struggling to keep track of what stock you have in your company and where it is going, then it is a good idea to choose a third party logistics company who can offer you supply chain management services.
Employing a 3PL to your business is a good idea, if you are struggling with controlling your stock. Having someone else in charge of your stock and distribution will give you the time to concentrate on different areas in your business.