| WISE-3PL
maintains accurate detailed third party inventories, records
all inventory transactions, automatically receives and sends
faxes, e-mail, and order confirmations, then ships through
the appropriate carriers. It seamlessly brings together the
various elements of supply-chain-management to allow distributors
to outsource inventory & order processing in order to minimize
transportation charges to-and-from distribution centers &
to shorten the order fulfillment cycle, while maintaining
competitive cost of operations.
It provides the software
infrastructure to manage outsourced inventories at remote
locations, pick and pack orders, perform value added operations
and ship customer orders following detailed customer instructions.
WISE-3PL also generates the billings of all charges for
warehouse transactions with full multi-entity, accounting
and account receivable posting. This can all be done, as
well as interfacing to client's host ERP System.
Traditionally, (3-PL) Third
Party Logistics providers have been part of an organization,
which also has other responsibilities such as: transportation,
warehousing, freight forwarding, etc. These third party
logistics providers are commonly referred to as asset-based
providers. Another type of third party logistics provider
is emerging, this trend setter is the customized logistics
service provider, which designs, develops, and manages customer-specific
tailored solutions.
In terms of growth, it is
forecasted that the third-party logistics market will continue
to grow on an explosive basis. One reason for this has to
do with the large amount of overseas manufacturing, particularly
in Asia-Pacific and the need to receive and warehouse these
products in the U.S. in the West Coast and to provide value-added
operations and services such as repackaging, light assembly,
kitting, etc before shipping the products directly to U.S.
customers. Other reasons have to do with the flexibility,
operational and cost advantages of third party logistics
over similar in-house operations. The growth of third party
warehousing is nation-wide as well as international. |