1 / 4

Top 4 Key Factors to Consider Before Hiring Third-party Logistics Company in Ind

Discover the top 4 factors to consider when selecting a third-party logistics company in India. From cost savings to specialized services, find the ideal 3PL partner to optimize your supply chain and boost your business efficiency. To know more, read the pdf or visit - https://medium.com/@niharikarana450/top-4-factors-to-consider-when-hiring-a-third-party-logistics-company-in-india-59c0c989db03

Download Presentation

Top 4 Key Factors to Consider Before Hiring Third-party Logistics Company in Ind

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Top 4 Factors To Consider When Hiring a Third-Party Logistics Company in India Selecting a third-party logistics provider (3PL) is a significant decision that can greatly impact the success of an e-commerce or retail business. Effective supply chain management and logistics services are crucial for achieving business goals. By finding the right 3PL provider, your company can allocate resources to other important areas such as customer acquisition, marketing, and product development. However, finding the most suitable third party logistics company in India requires careful consideration and effort. A 3PL company specializes in providing e-commerce outsourcing services, including receiving, storing, picking, packing, and transporting goods. Ideally, they offer

  2. more than just these basic services. They should also provide expertise and best practices to help your company efficiently manage this aspect of your business. It is important to view them as a 3PL partner rather than just a service provider. Their success should be intertwined with yours, as their performance directly impacts your business. By utilizing a 3PL instead of maintaining your own warehouse, you can avoid the costs associated with leasing warehouse space and purchasing expensive equipment. Order fulfillment is shifted to a third party, resulting in potential cost savings as you eliminate the need to hire and manage labour. Some growing businesses make the mistake of handling these details in-house, which can divert attention from their primary focus. As your business expands, in-house order fulfillment becomes increasingly expensive. Before embarking on your search for 3PL companies in India, assemble a team that represents different departments within the business. Define your selection process by identifying your specific business needs, such as handling perishable goods, requiring cold chain warehouse space, cross-docking services, freight forwarding, kitting, or customized packaging. Evaluate your shipping data to gain a clear understanding of your customers’ locations and determine the desired speed of goods delivery. Factors To Look On-to While Selecting A Third Party Logistics Company In India Different third-party logistics (3PL) companies have their own areas of expertise, such as focusing on specific regions or types of goods. If you are in search of a 3PL, it can be helpful to ask similar companies for recommendations. When evaluating a 3PL, consider the following factors: 1. Services: Familiarise yourself with all the services offered by the 3PL. Basic services typically include picking, packing, and transportation management. Look into additional details such as inventory receiving, management, and whether they facilitate cross-docking. Assess their warehouse setup and how they handle fulfillment services, including automation and customization. Undoubtedly AWL India serves with a great service and support that you can rely on clearly. 2. Carrier Relationships: Some 3PLs may require you to utilize their preferred carriers. Determine which carriers they work with, how they determine the allocation of packages, and understand the pricing structure for these services. 3. Location: Examine the locations of their warehouses and distribution centers. Considering a warehouse in Delhi NCR, this is important to focus on minimizing shipping costs so as to attain whole mobility. Inquire about their locations to ensure they align with your requirements, considering potential changes as your company expands.

  3. 4. Scalability: A 3PL provider adjusts their service capacity based on your business needs and order volume. Your business may experience fluctuations in demand throughout the year or changes in inventory management due to economic factors. It is important to ensure that the 3PL company can handle these changes without significantly impacting your rates. 5. Technology: It is not necessary for your business to invest in a warehouse management system for inventory management. The 3PL provider should have the necessary technology to synchronize their warehousing inventory with your ordering system and e-commerce platform. This will provide real-time information on product availability, which can be beneficial for tracking, ordering, and forecasting. 6. Costs: Obtain a comprehensive list of costs associated with each service provided by the 3PL provider. This may include onboarding, inventory receiving, storage, picking and packing, customization, kitting, packaging, shipping, and return logistics. These costs can have a significant impact on your overall expenses. 7. References: Before finalizing your decision on a third-party logistics provider, it is important to conduct thorough research and contact references. Inquire about how the company handles problems, their responsiveness to client inquiries, financial stability, and any other challenges they may have faced. Additionally, ask whether the third-party logistics company meets the client's key performance indicators. AWL India: Epitomic Firm To Rely On Some companies believe that partnering with a well-known provider is necessary for 3PL services. While they may have a strong reputation, companies offer personalized service, scalability, and advanced technology to e-commerce businesses seeking cost-effective and high-quality supply chain solutions. Allow AWL to demonstrate how they can assist you. The logistics market in India is witnessing significant growth, with the 3PL sector being a key driver. Numerous new players are entering this market, but businesses seek a combination of expertise and knowledge when outsourcing their 3PL operations. AWL India stands out as a leading provider of technology-based warehousing and 3PL solutions in the country. With a diverse portfolio of working with businesses across various industries, AWL India is renowned for offering tailored solutions for their operational needs.

  4. These solutions are not only scalable but also based on extensive market research. Furthermore, AWL India can assist your business in optimizing its operations by leveraging the latest technological advancements in the industry. Original Source - https://medium.com/@niharikarana450/top-4-factors-to-consider-when-hiring-a-third-party-logis tics-company-in-india-59c0c989db03

More Related