Third Party Logistics WMS
Optimize the order-to-cash process with our 3PL warehouse management system
A 3PL company assists multiple businesses with their supply chain management, inventory storage, and/or order fulfillment. They often run distribution centers to receive products from vendors and ship products to customers. There are many levels of service that 3PLs may offer. Not every 3PL handles the complete order-to-cash process. Businesses that use 3PL services should bear this in mind (and also the potential time savings and costs involved) as they decide which one is best for their operations.
Multiple Locations
Create as many warehouses, aisles, shelves, and bins as you like to store products
Warehouse Organization
Ensure each company’s products are stored separately from all others to speed up order fulfillment
Consignment
Use consignment locations, transfer orders, and purchase orders to efficiently move inventory
Vendor Management
Monitor the performance of each vendor, as well as each one’s payment terms and order requirements
Traceability
Use serial numbers, lot numbers, and other criteria to track each product’s location and condition
Barcode Scanning
Perform complex warehousing jobs from anywhere by scanning barcodes with a smartphone or tablet
Dropshipping
Use the dropship option on sales orders to fulfill products that have insufficient quantities in stock
Supply Chain Management
Eliminate guesswork in the reordering process
With Fishbowl, you can generate auto reorder points for every product in your inventory based on historical sales activity. As soon as a product reaches its minimum quantity, it will automatically generate a purchase order with the correct quantity to bring the total back up to its maximum level. The purchase order will even have the default vendor and destination for the shipment. This data-driven approach takes all the guesswork out of supply chain management.
Advanced Warehouse Management
Keep track of inventory in multiple locations
As you expand into more markets and add new warehouses, you will find it important to track inventory at each location. Not every warehouse or fulfillment center is the same. For example, product A might be a hot seller at warehouse A, but it’s not as fast-moving at warehouse B. By monitoring sales at each location you sell from, you’ll be able to see such disparities and stock up strategically. This helps you maximize your sales potential and avoid overstocking on slow-moving products.
Sales Forecasting
Avoid stockouts and use your resources to the fullest
Fishbowl gives you access to detailed reports on past sales to forecast customer demand. It’s like seeing into the future and knowing ahead of time how many units of each product you’ll need to satisfy your customers. This is a game changer. Not only does this prevent stockouts, but it also lets you plan for seasonal changes in demand. You can modify your reordering process at different times of the year to account for ebbs and flows of customer interest in certain products.
Case Study
Increased profitability and on-time deliveries while maintaining healthy inventory quantities
- Significantly improved quote times and pricing accuracy
- Achieved 100% on-time delivery of forward orders
- Able to track 4,500 SKUs in multiple locations across North America
- Created 400 kits with up to 12 SKUs per kit to increase profitability
Book a demo today and receive a custom quote for Fishbowl.
