Get better 3PL bids
An improved business operating model enabled through a costeffective 3PL agreement can be a game changer if terms are thoroughly evaluated and properly negotiated.
The rapidly growing global market for 3PL services is forecasted to be worth almost a trillion dollars by 2020. Not only is the demand for services increasing year over year, so too is the complexity of supply chain services, creating unique challenges for anyone trying to evaluate the pricing models for 3PL warehousing and fulfillment services. In this article, we will examine some of the major obstacles faced by companies that procure these types of services along with providing options to improve current practices.
Specifically, we will provide insight into ways to establish an improved and more comprehensive 3PL pricing evaluation methodology to better analyze bid proposals and maximize 3PL contract terms and pricing for all types of warehousing and distribution services.
3PL services on the rise
There are many reasons that companies are more compelled than ever to outsource their logistics needs to a third party whose core competency is warehousing, transportation and order fulfillment. For starts, ever rising customer expectations for personalized services, greater selection and speedy delivery are placing extra burdens on those companies that try to keep order fulfillment in-house.
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The rapidly growing global market for 3PL services is forecasted to be worth almost a trillion dollars by 2020. Not only is the demand for services increasing year over year, so too is the complexity of supply chain services, creating unique challenges for anyone trying to evaluate the pricing models for 3PL warehousing and fulfillment services. In this article, we will examine some of the major obstacles faced by companies that procure these types of services along with providing options to improve current practices.
Specifically, we will provide insight into ways to establish an improved and more comprehensive 3PL pricing evaluation methodology to better analyze bid proposals and maximize 3PL contract terms and pricing for all types of warehousing and distribution services.
3PL services on the rise
There are many reasons that companies are more compelled than ever to outsource their logistics needs to a third party whose core competency is warehousing, transportation and order fulfillment. For starts, ever rising customer expectations for personalized services, greater selection and speedy delivery are placing extra burdens on those companies that try to keep order fulfillment in-house.
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