Warehousing involves the storage of goods and products in a facility. Warehouses play a crucial role in the supply chain by providing a central location for inventory management and distribution.
Key functions of warehouses include receiving, storing, picking, packing, and shipping goods. Warehousing aims to optimize the flow of products through the supply chain while minimizing costs.
3PL refers to the outsourcing of logistics and supply chain functions to a third-party provider. Companies may choose to partner with a 3PL to enhance efficiency, reduce costs, and focus on their core business activities.
Focus on Core Competencies: Outsourcing warehousing to a 3PL allows companies to concentrate on their core business functions.