I n d u s t r y S o l u t i o n s
Third Party Logistics - 3PL
Logistics has always been a very important part of every economy and every business entity. The worldwide trend of globalization has led to many companies outsourcing their logistics functions to third-party logistics (3PL) companies. This helps them to concentrate more on their core competencies and hence generate higher revenues.
Retailers today are faced with unprecedented challenges ranging from shifting retail formats, overabundance of consumer choice, fast-changing technology, greater focus on quality and price, and a tough economic climate.
Freight forwarders are as nervous about the future as any other type of company these days – and for good reason. It’s hard to think of another industry facing more uncertainty with many of the macro-trends happening in the world right now. These challenges include everything from the impact of technology and the state of the global economy
Research highlights and prioritizes the top 10 global health pharmaceutical supply chain challenges:
Lack of coordination
Absent demand information
Human resource dependency
The automotive supply chain has many different aspects and is a very complex system. Companies who work within this industry have to be sure that their supply chain management system is functioning properly and that profits are growing as your customer base does. In reality, however, when the automotive industry continues to grow, challenges also continue to arise. Many of these challenges can be difficult and/or impossible to handle on your own if you are a small- to medium-size business. Strategic supply chain management must always be the top priority so that you don’t fall behind when these challenges appear.
Fleet and Transportation
Large enterprise companies that cover a vast area, own thousands of vehicles, and are responsible for a huge number of drivers across several states or even different countries, have a range of unique challenges when it comes to fleet management.
Avoiding information overload
Integrating fleet data into existing software systems
Making sure all assets are fully utilized
Fixing small problems fast
Managing a geographically-dispersed team
Finding specific fleet information quickly
Software systems that are scalable and able to handle rapid growth
Controlling unauthorized use of company assets
The supply chain is getting more complex and the customers’ expectations are only increasing, especially in cold-chain. Successful 3PL’s are investing in technology that allow for location and environmental condition tracking in real-time, temperature monitoring and security. This includes both on-board technologies, as well as back-end IT infrastructure investments.
The world of pharmaceutical cold-chain logistics is complex, challenging, and ever-evolving. As companies strive to meet the new demands of a more connected global economy, they need a 3PL partner that brings expertise in cold-chain management. They also need to be able to depend on the company to manage the complexity and risk, reduce total cost, and help maximize efficiencies to increase profit. These are all achievable, but only with a strong partner that knows the process intimately and is able to effectively collaborate with your team. If you are looking for more information on cold-chain logistics, talk to one of our experienced team members today.
High end Electronics
Multiple layers, supply constraints and the specific challenges the various channels present, coupled with short product lifecycles, mean the electronics industry demands a fast and nimble supply chain. Because electronics products are often high value, they pose specific challenges including assuring security, preventing counterfeit and packaging sufficiently to handle long distance transportation.
Pressure to reduce operating costs was cited as the top logistics challenge for shippers in the electronics industry (59 percent), but just 28 percent believe 3PLs can help them with this challenge. The report’s findings suggest that within the electronics industry, 3PLs need to perform better in selling to electronics customers and shippers need to be more open to collaborating with 3PLs to address their top challenges.
Sports wear and Equipments
Fashion companies integrating technology have an advantage in terms of visibility and control over business processes. Integrating an ERP into an apparel companies business processes is a great way that brands can evolve with business changes. They can easily view company-specific metrics and key performance indicators. With a dependable ERP, apparel companies can achieve the below:
Generate accurate forecasts to manage the business;
With and ERP in-depth analysis, forecasts, revenue, and margins can be measured with historical data;
Efficiently handle multiple product dimensions;
Manage product life-cycle transitions from season to season;
Automatically respond to the changing seasons, trends, and product transitions;
Quick ordering systems to streamline the point of sale;
An ERP can help with tracking, reporting, and improve the accuracy of your forecast, as well as customer service performance;
Decrease ordering and distribution handling time — this will enable a quicker time to market.
Chemicals Storage and Distribution
From Tupperware to paint, shampoo to lawn care products, even food, chemicals are part of nearly every product lining home and office shelves. In their raw state, the chemicals used to make these everyday products include such diverse materials as corrosives, acids, pesticides, and plastic pellets.
The chemical supply chain comprises these and myriad other products, many of which require special care in handling, transporting, and storing to prevent safety hazards such as combustion, contamination, and spoilage.
The manufacturers, carriers, and third-party logistics (3PL) providers who store and transport these products must adhere to a complex web of ever-changing federal and state regulations aimed at minimizing the hazards for workers and the general public who might be affected if an accident occurs.
3PL providers offer chemical shippers a mix of services ranging from non-asset-based logistics management—which involves helping shippers find the best carriers and managing loads—to operating truck fleets and warehouses.
Keeping all parties focused on what they do best lies at the heart of chemical logistics outsourcing. "A warehousing provider's core competency is to effectively store, handle, and ship the manufacturer's product.
Pipes and Fittings
Fashion and Apparels
Oil field and Rig Moves
Spare parts logistics is the key component to the overall effectiveness of your spare parts inventories and a key profit lever to your business.
The world of spare parts is very different from most of the supply chain in dimensions of time, sourcing, cycle management, planning and sourcing.
From a time perspective, many industries have seen their service response times change from a next-business-day model to a same-day model, and from same-day to within hours or minutes. The next-business- day model can be handled by a single distribution center, but a two-hour response time situation dictates that parts must be within a short driving distance.
A strategic network of distribution centers is needed to store the parts in close proximity to their client base. The problem is further compounded when you consider that some of these critical parts are supporting older/legacy systems or tools that are no longer manufactured.