Smart warehousing is all about modern warehousing and fulfilment practices, and the current market size is a whopping $29 billion! These days, companies are improving their logistics in the sector at a rapid pace, and it pays for any company that’s involved in warehouse and fulfillment to take heed!
However, it’s one thing for your company to be willing to make logistical changes, but where do you start? Also, how do you ensure that the strategies you implement will serve your specific business needs?
Well, let’s delve into four things to keep in mind when it comes to warehousing and fulfillment. Read on to gain better insight into what you should do next.
1. Location Is Key
If you want your logistics to be more efficient, then you need to think carefully about your Fulfillment centre location. A central location should work best in most cases where it’s easier to receive and distribute goods from adequate transport links.
You might, for instance, want warehousing in China, close to a loading dock. This way, you can receive products from inland sources, store them in the warehouse, and then distribute them when customers require order fulfillment.
2. Consider 3PL Services
Many companies are now choosing to take advantage of a 3PL warehousing service. The 3PL sector is competitive, so it shouldn’t be hard to find an efficient and innovative service for your needs.
A good 3PL service provider will be able to provide you with well-managed and secure warehouse space. They will also take care of various other needs like account and inventory management. They could also offer things like same-day shipping and flexible fulfillment.
3. Explore Cloud-Based Inventory Management Options
There are loads of high-quality SaaS solutions out there now that can help you manage your inventory on a whole new level. When you opt for cloud-based solutions, you don’t have to worry about updating software anymore.
Cloud-based SaaS solutions are more than just up-to-date software packages. In most cases, you get a dedicated team helping you to get the most out of the software they provide, and more! The ultimate idea is you begin to automate a lot of the tedious stuff in your business so you can focus more on your business goals.
4. Look for Flexible Warehousing Space
it doesn’t make sense to pay all year round for a warehouse if you only need the extra warehousing space at certain times of the year. To get around this issue, try to find warehouse providers that are flexible with the amount of warehousing space you can pay for throughout the year.
It may be that in the summer months there is less demand for your products so you can downsize your warehousing capacity. Then, if there is high demand in the winter months, you ask for more space and pay the extra, but save loads of money in the long term.
Modern Warehousing and Fulfillment Practices
In this modern era, companies are rethinking the way they carry out their warehousing and fulfillment needs. Cloud-based computing takes a front seat when it comes to inventory management. Plus, 3PL service providers should a serious consideration.
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