If you are looking for information about 3PL warehouses or 3PL (Non-Profit Public Outings), then you have come to the right place! 3PL stands for non-profit facilities and warehouses that offer warehousing as a service to retailers, suppliers, and third party businesses. Non-profit warehouses also work with governmental and educational institutions to help them supply their needs. 3PL warehouses offer a range of services to meet the needs of many different types of customers. If you are interested in learning more about 3PL warehouses, and if you are interested in making money by owning one, then read on to find out more!
Warehousing and 3PL – What is the Difference?
The warehouse itself will be the heart of your business, and it is important to understand how your company will be better served by utilizing the space that you are given. 3PL warehouse services will help you streamline your warehouse management, improve your logistics efficiencies, and streamline the entire supply chain so that your company is better able to serve customers and meet its business needs. When you hire a 3PL provider, you will be hiring a team of experts who have been trained and certified to handle the logistics aspects of your business. You will have a great deal of input when it comes to your warehouse needs, so you will want to choose a company that will work closely with you to design a solution that works best for your organization. Here you will find a glossary of commonly used warehouse terms and jargon, which will help you better understand what is happening within your organization.
One common terminology you will come across is “stock level.” This refers to the amount of inventory that is available in the system, and this number is typically defined as the total number of pallets or bins that can hold product. Another popular term is “stocked inventory,” which means the exact number of pallets or containers that are currently in use, and which product(s) are currently being held on storage shelves. Your 3PL should be able to explain to you exactly how your inventory levels are calculated and what types of assets you can hold in the warehouse, including what quantities you can purchase from the manufacturer, and what quantity of inventory you need to maintain on hand in order to meet future orders and grow your business.