Third Party Logistics Providers have become an essential part of the supply chain domestically and globally. With the expected 3PL global market to be over a trillion dollars by the end of 2024 it is necessary for 3PL organizations to position themselves to meet the expected needs of the market.
Each 3PL must prepare their company for the on-demand expectations of the supply chain and its clients. As a 3PL, Pacific Coast Warehouse has identified specific areas of future supply chain expectations. What the consistent thread of need is TECHNOLGY which drives so many areas. Without a robust technology solution, it would be difficult for a 3PL to continue to compete, provide flexibility and meet the long-term needs of the supply chain.
WAREHOUSE MANAGEMENT SYSTEM (WMS)
A platform of best practices brings efficient workflows and proficient operations. With a Warehouse Management System (WMS), best practices can be identified, routine tasks can be automated, and operations can be coordinated. With deep functionality and a high level of flexibility, a WMS offers responsive solutions optimizing warehouse processes. PCWC WMS has robust capabilities and is essential in executing on efficient processes.
INTEGRATION FOR VISIBILITY
A key WMS capability must be able to integrate into other technologies and platforms like a Transportation Management System (TMS), EDI or connectivity to Partner systems. Seamless integration and communication between different systems allows for timely notifications and sustainable visibility through the entire supply chain as product moves from location to location. Sharing information amongst different partners will become the norm versus the exception.
Providing flexibility and a variety of options to clients will be even a more important requirement of a 3PL. With customer requirements and supply chain needs changing, 3PL’s who have solid relationships with transportation partners will be able to serve their customers and offer a variety of solutions with commitment and a sense of urgency. Offering solutions that touch on delivery timeliness, zero-error deliveries and increased capacities extend the 3PL capabilities of services.
Having a philosophy of tracking performance is one characteristic of a 3PL now and in the future. However, have the systems and tracking capabilities in place to encourage different types of metrics will create a fine-tuned supply chain allowing result-tracking through every step of the way accounting for segmentation of your performance.
Data converted into meaningful information that aids in the making of decisions throughout the supply chain will continue to be key in the client’s success. However, these analytics will continue to drive understanding of products, packaging and opportunities for improvement. A 3PL who can bring analytics to their clients will not only bring a competitive advantage but will also result in higher levels of efficiency.
Ensuring transparency and visibility for customers at all levels creates a customer-centric environment for a 3PL – Customer relationship. But it’s getting past the “basics” and offering clients information that brings insight not only to transactional information but a strategic view of their business and product movement.
Supply chains will continue to increase in complexity. 3PL’s who are able to develop a more strategic and partnership relationship will be able to have a more in-depth understanding of the client’s supply chain and provide a more comprehensive solution to logistical demands.
Pacific Coast Warehouse has over 90 year of experience aiding clients in a variety of industries with their supply chains. PCWC is a sustainable partner who provides flexibility, technology and knowledge of the western market.