What does your business need to become successful? Many companies focus on sales and marketing, creating a good product, and a loyal customer base — two factors that are essential for initial success. When it comes to long-term success, a business must be as efficient as possible while being as cost-effective as possible. That means focusing on your company’s logistics, and to get the best results, it’s often best to rely on a professional logistics provider.
Selecting the right logistics provider can help you create a more efficient supply chain that directly contributes to profitability. Here are five ways professional logistics can financially benefit your business and why choosing the right provider can make a big difference in your bottom line.
5 Financial Benefits of Professional Logistics
Professional logistics providers do more than move your products from point A to point B. They offer a range of services that can help make your supply chain more efficient while reducing costs. Here are five financial benefits your company could experience when working with a third-party logistics provider (3PL):
Reduced Shipping Costs
Shipping costs can take a big bite out of your profits. It’s not an expense you want to pass onto your customers, either, because if they can find cheaper shipping elsewhere they are more likely to buy from your competitors. A logistics provider can help you find the most efficient and cost-effective transportation options using their specialized knowledge of routes, modes, and carriers. Their work can help you find the best shipping options with significant savings on your shipping costs.
Improved Inventory Management
Inventory on your shelves is wasted capital that could be reinvested into your business elsewhere. The more efficient you are with your inventory management, the less money you waste. Professional logistics providers can offer various warehousing solutions, including cross-docking and fulfillment services. With their facilities, you get secure storage, faster order fulfillment, and more efficient inventory management. You reduce your inventory levels as well as your storage footprint, freeing up capital for other investments.
Boosted Productivity
Business owners and managers have enough on their plates without taking on the complex task of figuring out supply chain logistics. Managing your logistics can be time consuming and resource intensive, taking focus away from other critical core business tasks. When a professional provider takes over your logistics, it frees your internal team to do what they do best. That can make your team more productive, which is always good news for your profits.
Reduced Risk
Risk always comes with a price tag. The more you can reduce your risk, the more you can reduce your costs. The logistics industry is rife with risks, and weather delays and other unexpected issues can impact your shipments. Instead of wasting your time and energy on risk mitigation, let a 3PL do it for you. They can navigate regulations, handle insurance coverage, and create smart strategies to protect your business from potential financial loss created by transportation problems.
Future Flexibility
Every KPI you track comes with one goal: business growth. Growth comes with additional expenses, and you’ll need to plan for changing supply chain needs. Doing that alone can be a challenging task. A professional 3PL, however, can offer scalable solutions that adapt to the changing needs of your business. Whether you see a spike in sales after a product goes viral or your new product line is an unexpected hit, a 3PL can tailor its services to your needs seamlessly so you can enjoy uninterrupted growth.
Why Choosing the Right 3PL Matters
All 3PLs offer various services, but not all 3PLs are created equal. You’ll want to find the right partner for your business by looking at their:
Experience
Look for a 3PL with a track record of success in your industry. Their experience will help streamline your supply chain and help you overcome potential challenges more efficiently. Their expertise will help you manage your costs more effectively.
Innovation
Choose a professional logistics provider that invests in technology such as transportation management systems and real-time tracking tools. These tools can help you make better decisions for your business in the future, too.
Communication
Your 3PL should understand your business goals and have a plan to help you achieve them. They should be clear communicators who are available to help you anytime, keeping you informed every mile of the journey.
Beitler Logistics Services knows a good professional logistics provider can have a major impact on your company’s financial success. We’ve been providing logistics solutions for over 100 years, creating lasting partnerships with businesses across the United States. You’ll get everything you need from a professional logistics provider, including industry expertise, the best tech, and first-rate communication.
Start experiencing the financial benefits of working with a trusted logistics provider. Contact Beitler Logistics Services today. Let’s discuss your business goals and how we can help you achieve them.