How can you optimize your outbound as well as inbound logistics?
Logistics activities can be complicated to manage, but with improved technology and effective management, the processes can be improved to a great extent. if you are looking to optimize inbound as well as outbound logistics here are some tips that you should follow:
- Strong relationships within the supply chain: whether it is suppliers, carriers, or customers, it is important to have a smooth and strong relationship with each element associated with the supply chain. This will reduce your lead time, save money, you can keep favorable terms. This can be achieved by upping the quantity of reordering with time, being respectful, and paying on time.
- Reduce costs of inventory: there are costs associated with the storage of inventory. As the count of SKU grows, this cost also ramps up. You would need a bigger warehouse to store more products and this comes with a huge price tag especially if you are going to invest yourself in the infrastructure. So you should keep the inventory supply steady according to your demand without storing a lot.
- Use the correct system for warehouse management: with a WMS you can improve and automate the operations related to warehouse management. This will help you to track your inventory, set points for reordering, and understand the inbound as well as outbound logistics operations in one glance.
- Make a 3PL as your partner which keeps you updated with technology: you can even outsource the fulfillment process. This you can do by partnering with partners of the supply chain that can help your online business with processes related to inbound and outbound logistics. They provide third-party services of logistics like getting products from suppliers, warehousing for eCommerce, managing shipping relations with carriers, packaging and processing returns too.