3PLs Benefit from 2019 Boost in Supply Chain Technologies3PL providers use technology for competitive advantage
Recently supply chain operations have thrived on change, a seemingly endless flow of information, new technologies and chaos. Starting a new year, we thought it would be a good idea to take a quick peek on how technology is impacting the world of
Greater Reliance on Technologies
Increased need for 3PLs to serve as IT service providers
According to the annual 2018 3PL Study produced by Korn Ferry, Penske, Penn State
Advanced technologies are being used by 3PL operations and shippers to power services, provide information visibility and reduce risk, eliminating uncertainty and challenges before the supply chain or warehouse operations are disrupted.
Today, customers expect fast, accurate, consistent response from their third party logistics providers. Reliance on technology is critical as it facilitates the seamless flow of critical information seamlessly and accurately. Decisions are increasingly data-based, and 3PL customers expect insight and analysis from their
Technology is Driving the Workforce
Contrary to popular belief, using more technology in warehouses and distribution centers will not necessarily decrease the need for labor resources, but rather will change the requirements for the workforce. Today, warehouse workers use automated forklifts and carts to do heavy lifting or rely on exoskeletons to help prevent potential injury. These technological advances help warehouse workers do more in less time and help to prevent injuries. Automation is typically used to meet
Today, the warehouse workforce needs to be comfortable using new systems and technologies. Today, technology aids humans in reaching their fullest potential and can be helpful in addressing specific tasks that limit individual or group achievement. For example, supply chain and logistics executives rely on
3PL companies often continually invest in and upgrade warehouse management software, transportation management systems and other critical operating systems in order to have the best possible tools to optimize inventory, supply chain operations and transportation and logistics for their customers. As customers continue to add more value-added services, 3PLs need to be able to capture and bill according to a multitude of billing strategies, contracts and for a wide array of new services.
In terms of technology, 3PLs are trending toward adoption of transformative supply chain software, using Big Data in combination with sophisticated analytics, more mobile technologies
Having and using cutting edge technologies is one way that 3PLs can attract and win new business. In the past year alone, customers of
With today’s influx of technology, 3PLs can now offer a wider array of value-added services, get a boost in labor productivity, handle sophisticated supply chain management tasks and compete and win new business.