Reducing shrinkage is a simple way to increase profitability in contract warehousing. There are several ways to stop shrinkage and boost profits!
Supply Chains aren't just about warehousing and distribution. There's much more to it. A 3PL should offer value added services to customize services accourdingly.
The great thing about outsourcing your warehousing is knowing that you don't have to manage that space, but what happens when you start to grow? Before entering into a partnership with your prospective 3PL, make sure they have the space to grow with you!
Keeping track of inventory is just one of the many jobs a 3PL has, but with an Inventory Mangement System, efficiency comes much easier.
Making a daily commitment to improving operational efficency is the best way toward overall warehouse optimization.