Understanding how to calculate the landed cost of imported goods is essential for anyone involved in global trade Not understanding. or not taking all of the relevant costs into account will have a negative impact on the profitability of the products that you are importing. This guide will help you to understand: The definition of […]
3PL Cost Reduction
5 Opportunities for Cost Reduction at your 3PL Warehouse
In this post we look at 5 opportunities for cost reduction at your 3rd Party Logistics (3PL) warehouse. When looking for ways to reduce costs at your 3PL first make sure you totally understand the way in which the costs are calculated and what actually drives the cost. After that take a look at each […]
Why you should be checking 3PL service provider invoices
It’s a tedious process but checking 3PL service provider invoices is an essential part of a logistics managers role. When checking 3PL service provider invoices forms part of a disciplined third party logistics service provider management process you will be surprised at what you might find. Industry research suggests that up to 30% of freight […]
Understanding Third Party Logistics (3PL) Warehouse Services and Costs – Part 4
Order Fulfillment The primary activity of a 3rd Party Logistics Warehouse is to fulfill the orders that the 3PL’s client receives from its customers. Typically the order fulfillment process will include the picking, packing and dispatching activities but may also include other value added activities that have been requested by the client. The 3PL can […]
Understanding Third Party Logistics (3PL) Warehouse Services and Costs – Part 3
Storage The 3PL will charge a storage fee for the amount of space that the customer utilizes within the 3PL’s warehouse. Storage charges are usually calculated on a variable per unit basis but can also be calculated based on the fixed cost of the space that is being assigned for use for the client. 3PL […]