Custom-built 3PL Warehouse System Transforming Logistics

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Over 60% of failed 3PL Logistics partnerships are due to poor customer service!
Today’s customers need prompt, personalized, and unique services. How can 3PL logistics companies stay on top of it? By transforming the core of their operations – enhancing warehouse management with a custom-built 3PL Warehouse System!
Warehouse Management is one of the most crucial elements of 3PL Logistics. Although technological advancements have gifted this area with capabilities like real-time tracking, data intelligence, automation, and more, many businesses have yet to utilize these digital capabilities fully. Why are 3PL Logistics businesses hesitant to invest in new technologies? What will the operational consequences be if companies continue to function without being digitally equipped? Why do experts say modern warehouse management needs a 3PL warehouse system? This Use Case answers it all!
Consider a typical warehouse management scenario for both inbound and outbound order management. Without a proper warehouse management system, the workflow will include improper communication channels, manual generation of pallet IDs, manual identification and entry of locations, lengthy ticket-assigning processes, and more. These cumbersome and tedious processes not only make work slow and inefficient but will also lead to major errors and delays, ultimately causing poor customer service. Here’s a look at the operational limitations that could undermine the warehouse management, impacting the overall 3PL logistic service.
Operational Limitations Of Traditional Warehouse Management
  • Inability to achieve real-time updates
  • Prone to data entry errors
  • Disparate systems restrict the use of insightful data
  • Verbal communications cause inefficiency in task
  • Manual data entry and efforts slow down processes
  • Limited integration with third-party websites
  • Inability to update in-stock and out-of-stock products in real-time
  • Lack of automated notification system

Improving Efficiency With 3PL Warehouse System

3PL Warehouse Systems are built to focus on improving data utilization, reducing costs, allocating the right resources, ensuring consistency across supply chain activities, and ultimately boosting overall performance. Implementing a warehouse management system impacts companies in two spectrums: directly impacting the warehouse operations and indirectly impacting the supply chain as a whole, including customer experience.

Warehouse Management System can:

Significantly reduce picking & packing errors by
20-30%
Increase warehouse productivity by
15-20%
Decrease inventory costs by
10-15%

Impact Of 3PL Warehouse System

Real-Time Tracking:

A warehouse management system (WMS) helps automate inventory updates with RFID/barcode scanning for accuracy. Real-time order status updates across various stages of order processing help track goods better and effectively manage delays and customer expectations.

Effective Labor Allocation:

Comprehensive reports help attain complete operational visibility, enabling effective decisions on resource allocation. Also, the automation of recurring tasks and proper collaboration channels enable staff to remain productive and allow companies to achieve more with fewer human resources.

Inventory Management:

Customizable dashboards within WMS enable quick checks on inventory statuses. Easy access to quality check reports of inbound items and track records enables accurate stock maintenance and prediction of increases or decreases in demand. This helps 3PL companies better manage customers and offer trusted services.

Warehouse Management Optimization:

WMS efficiently allocates inventory and resources, allowing smoother operations in inbound and outbound order management. Intelligent picking routes, automated packing solutions, easy generation of Pallet IDs, and SKU mapping enable optimized and flexible warehouse operations, enhancing visibility and transparency.

Intelligent Decision Making:

Real-time updates and insightful data can support 3PL companies in making better decisions with the size of the labor force for the forecasted period, ensuring suppliers, strategizing operational efficiency, allocating tasks better, and ultimately offering effective and prompt services.

Improved Partnerships:

When stocks, inventories, and processes are streamlined, 3PL companies can maintain accuracy and promptness in services, boosting partnership strengths. A transparent workflow eliminates last-minute panics and enables supplier and client partners to trust better, fostering healthy partnerships.

Enhanced Customer Services:

When you understand your customer needs before they demand, you automatically gain their trust. Data-driven forecasts and demand predictions enable stock availability, faster deliveries, and service transparency, improving customer retention rates.

Seamless Multichannel Fulfilment:

3PL warehouse systems can enable businesses to ensure synchronized inventories, reduce order fulfillment errors, and enhance customer experience, regardless of the sales channel. This enables businesses to efficiently manage orders across multiple sales channels, from ecommerce to retail stores.

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What More Can You Achieve With A Custom-built 3PL Warehouse System?

Customize With Need
The best part of customized solutions is that they can be tailored to your unique business needs. Although 3PL companies function largely alike, each business remains unique. A custom-built solution can support any such unique process or business strategy.
A customized WMS can integrate seamlessly with third-party tools and websites. This will help automatically update the stock and inventory statuses on E-commerce and shopping sites, eliminating customer miscommunications.
Disparate systems that do not sync with each other often complicate workflows and increase errors. Modern 3PL businesses need a unified system to drive unified reports and data, enabling effective and accurate decisions.
The supply chain market is ever-changing. What resolves challenges today might not be the solution tomorrow. Systems must be flexible and scalable to change and cater to operations over time.
New-age technologies like AI are revolutionizing warehouse management, enhancing capabilities, and unlocking new opportunities. A custom-built solution can leverage these advancing technologies over time to keep companies relevant and ahead of the curve.

Why Do 3PL Companies Hesitate Investing In Technology?

Despite the various benefits, 3PL companies hesitate to invest in new technologies. There are many reasons for this: uncertainty about the impact, lack of proper resources, difficulty in identifying the right technologies, and inability to convince stakeholders or employees to adopt new technology. Over 66% of logistics companies face challenges with technology investment. So how can 3PL companies smoothen the transition with technology? By partnering with the right custom software development company!
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3PL companies utilizing custom software solutions can experience up to 25% increased profitability!

How Can Fingent Help?

Fingent believes in enabling industries to identify opportunities and redefine processes with emerging technologies. With simple-to-use and quick-to-implement software solutions, we empower businesses to think beyond digitization and build innovations that transform lives. We follow an agile methodology to develop high-quality, reliable, cost-effective solutions that make a difference!
PREDICTABLE RESULTS ADHERING TO DEADLINES
  • Transparent project management
  • Warranty-assured deliverables
  • Carefully defined project plans
  • Handle unexpected challenges
COST-EFFECTIVE, BUDGET-FRIENDLY SOLUTIONS
  • No last-minute surprises
  • Efficient operations
  • Good coding practices
  • 24/7 tech back up
ADVANCED TECH EXPERTISE
  • Expertise in new age technologies
  • Top-notch developers
  • Adherence to QA best practices
  • Easy implementation
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