Third-party logistics, or 3PL, is a service provided by one company to another in which parts or the entire logistics system is outsourced. This includes everything from the warehouse to delivery, allowing the organization to focus on other aspects of the business.
Having the right team, vendors, systems, and processes in place is critical to running a successful business. A company that provides 3PL management can assist in successfully reducing costs, increasing efficiency, lowering risks, and increasing sales. This article will cover these benefits and why you should choose the WrxFlo 3PL management solution for your business.
What is the WrxFlo 3PL System?
WrxFlo 3PL (Third Party Provider Management) is a system designed to help businesses better manage third-party providers.
This system enables you to manage your Third-Party Logistics providers more effectively as it collects all relevant information from these providers and fills any gaps in current functionality within your business systems. Our unique software can extract, convert, and transform your data into a single view.
Benefits of the WrxFlo 3PL System
There are several benefits of implementing the WrxFlo 3PL Management System for companies who use third-party logistics providers, some of the benefits are:
1. Mitigating risks
While issues can arise at any point in your supply chain, shipping issues, such as missed carrier pickups or shipping delays, are handled by the 3PL rather than your company. Any reputable 3PL management software will have processes in place to monitor shipments, flag any issues that may arise, and ensure that any issues are addressed immediately.
2. Gain Flexibility and Scalability
Another advantage of the WrxFlo 3PL Management solution in supply chain management is that it offers enterprises the flexibility and scalability to utilize supply and distribution resources based on current business needs. Thus, when sales are down, there are no redundant investments or unutilized resources, and enterprises can scale up when demand increases.
3. Improved customer experience
A streamlined logistics process means a better experience for everyone involved – including the customer. By flagging issues that may arise during the course of daily operations, the WrxFlo 3PL can help improve response time and brand reliability. It can also help reduce the risk of shipping issues that may frustrate the customer. This is important because a positive shipping experience that meets customer expectations is critical to logistics success.
How the WrxFlo 3PL System works
WrxFlo’s 3PL works through APIs connected straight to the data source, which would be the third-party providers. Alternatively, the 3PLs may provide the company (our client) with a data dump into which we can connect. This is necessary for data consolidation.
WrxFlo 3PL System features and capabilities
The WrxFlo 3PL system allows for greater management insights including the value of the stock held across each of the 3PLs, providing instant traceability with instant access to the correct information and predicting problems and errors. This unique system provides real-time insights and analytics on a single platform, by connecting to the company’s third-party logistic provider information to get one source of truth across the supply chain.
This product can bridge the gap in the functionality of the company’s current business systems. WrxFlo can write software code or develop software as part of this service.
Examples of how the WrxFlo 3PL System has been used
WrxFlo recently implemented its 3PL for one of our global companies. The client had an old ERP system and there wasn’t appetite in the company to invest in a new ERP in the short term, so they needed something to bridge the gap in functionality.
The client has multiple shop fronts globally where they sell to the end user. They needed to supply those stores with products from the original manufacturing sites which are located globally, so they use third-party logistic providers (warehouses and distribution centres) to manage and deliver products globally.
WrxFlo implemented the WrxFlo (3PL) third-party logistics solution into the company. This system bridged the gap in functionality in terms of the additional requirements they needed from the existing 25-year-old ERP system.
The system securely connected to the clients’ systems globally and pulled out the required datasets. This enabled the relevant data to be seen, converted, and then transformed into meaningful insights and analytics that management required.
There are many benefits of using the WrxFlo 3PL solution; from helping you mitigate risks in the supply chain to helping improve customer experience. Luckily, the team at WrxFlo are experts in their field and know exactly how to help you achieve maximum efficiency in your supply chain.
If you are looking for efficient 3PL solutions that can give you more time to focus on the core aspects of your business, contact a member of the WrxFlo team today to get started