Articles by Month: May 2021
Spot ocean container rates have tripled in the last year, an unprecedented spike in the history of container shipping. Rates for bulk commodity shipping may be elastic to a certain extent, but it’s imperative that when working with a Cleveland freight station, you’re getting the most for your money. Asking key questions before contracting with any freight station – domestic freight handlers and import/export freight handlers – ensures you’re receiving the best possible value.
The freight industry is a complex one, and you want to make certain the third-party logistics team working for you is a good fit for your business, particularly if you’re trusting them to transport your cargo. One Cleveland freight station may operate differently from another, so before you sign on to any agreement, it’s best to have a full understanding of the provider’s services, locations, experience and network.
To aid in your search, On Time Delivery & Warehouse has outlined several questions you may consider asking prospective Cleveland freight station providers.
Supply chain optimization is all about getting customers what they want, when they want it and spending the least of money possible to do so. However, if your inventory is inaccurate, there will come a time that a warehouse worker will go to pick a SKU for an order, and it won’t be there – or there won’t be enough. Working with a dedicated Cleveland 3PL helps ensure that you aren’t losing time and money to avoidable inventory inaccuracies.
Third party logistics providers (3PLs) like On Time Delivery & Warehouse continually evolve their service offerings, not only to set ourselves apart in the marketplace, but also to meet increasingly rigorous customer demands. 3PL operator customers trust us to manage numerous functions, including warehousing, trucking and overall supply chain optimization and management.
As noted by research published in the International Journal of Recent Research in Commerce Economics and Management, outsourcing inventory management allows a company to:
- Maintain their focus on core competencies.
- Broaden competitive advantages.
- Enhance differentiation in the marketplace.
- Avoid outlying, resource-intensive tasks.
- Reduce logistics and carrying costs.
Working with a Cleveland 3PL provider that can capably manage inventory means entrusting the company’s most valuable assets to a third party. But this also assures peace of mind. They likely recognize that poor inventory management is the root of many operational problems, missed sales, lost time to perform reconciliation and shrinkage. That means it must be given high priority. Doing so, however, is a significant challenge, particularly when the company is responsible for maintaining numerous items of inventory for multiple clients in the same place. A third-party logistics provider already has the resources and experience with best practices.
Some of the factors that result in inventory inaccuracy include:
- Poor store records or documentation.
- Manual documentation and records posting, leading to long processing times and increased odds of misplacing figures or making a recording mistake.
- Keeping inventory in the wrong place.
- Errors in inventory transaction.
- Physical inventory is either stolen, damaged, expired or spoiled.