With the rapid growth of online deliveries and timely deliveries, businesses today are interested in pulling down the cost of logistics as much as possible to outsource the delivery options. This is the primary reason why 3PL software solutions are the talk of the town now. Gone are the days when logistics were managed via traditional means as it is generating more complexities these days and failing to meet customer expectations.
Now that 3PL software solutions have been introduced into the logistics sector let us dive deep into it for better understanding.
What is 3PL software?
Also known as third-party logistics software, 3PL software is an efficient logistics management and cold storage warehouse management method. This software is, manufactured with cutting-edge technology like business analytics, cloud computing, the internet of things, etc. This helps businesses keep an eye on the 3PL operations and optimize them to meet customer requirements. Further, this software is effective enough to manage returns effortlessly.
With technological advancement, 3PL software is featured with end-to-end transparency to ensure authenticity during the delivery process to the customers. Also, with modern technology, customers can now track the shipment and the entire delivery process with the 3PL software.
Core functions of 3PL software
The various services offered by 3PL software are not standardized. They can be customized and majorly depends on the needs of the 3PL company. However, the most common functions provided by all 3PL software, irrespective of the customization it offers, are as follows:
- 3Pl software focuses on warehousing and distribution services that consist of storage, picking, dropping, shipping and returns.
- 3PL software provides financial and information services that cater to various offerings like cost control, accounting, management, inventory tracking, etc.
- The 3PL software takes note of the transportation services that focus on movement and handling of the inventory between buyers and manufacturers or between buyers and e-commerce businesses.
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Types of 3PL software
The introduction and evolution of the modern software system have made the integration and automation of logistics business simpler to handle. There are three types of 3PL logistics software. They are as follows:
Standalone warehouse management system
Revolutionary changes have been made in the supply chain operations with the warehouse management system. The function of this software is to ensure that all materials and goods are cost-effectively circulated through the warehouse. As a result, it enhances productivity and improves operational efficiency.
Enterprise resource planning system
The purpose of enterprise resource planning as a 3PL software is to maximize profits, enhance customer service, reduce waiting time, and provide a trustworthy logistics solution. With this software, the business can seamlessly run all operations. However, the fundamental function of this software is to share a database amongst all employees who can get access to information as per their roles in the business.
Integrated CMS suites
In supply chain management, the business is offered a series of tools covering the production of the materials, their movement in inventory management and many more. In short, products and materials are taken care of till they reach the final destination. Moreover, all the activities are managed in supply chain management software to enhance agility, visibility, and security.
Benefits of using 3PL software
Now that you are aware of the functions performed by 3PL software in fulfilling the logistics, here is how 3PL software can benefit your business:
Automation saves time
One of the primary reasons for using 3PL software is it automates and integrates various aspects of the supply chain process, thereby saving time both for the client and the provider. In addition, integration can be done with several e-commerce platforms that can help improve the automation process.
Cost-effective on both ends
Since all the functions are streamlined under one single entity, the 3PL software helps to reduce costs. Therefore, it can be rightly said that with 3Pl software, it is a win-win situation for both sides. The clients can enjoy lower shipment costs and enhanced satisfaction.
Less risk for errors
When the order fulfillment process is handled manually, it will have errors in all its stages. However, with the 3PL technology, everything is controlled by the software. Starting from the central data storing to the integration of better accuracy and functioning, everything is handled smoothly by 3PL software.
The 3PL software solution allows easy customization to suit the needs of the clients. So, even if there are some additions and alterations in the business, new inventories can be easily added to the software. Moreover, the quick adaptation of the software makes the transition smooth and effortless.
If you do not want your business to fail, you ought to improve its transparency. With proper access to 3PL software, you can track the logistics’ performance and detailed sales and inventory management to ensure everything is on the right track.
Enhanced customer service
The dexterity of the 3PL software lies in the high level of transparency that it offers to the customers. The software allows customers to track the order till it is delivered to them.
Now that you assessed the types, core function, importance of 3PL software, and the tremendous benefits it can have on your business, contact us to get your customized 3PL software today.