Logistics is critical to the success of any online store in the world of ecommerce. From inventory management to order fulfillment, the logistics process can make or break your company. In this blog, we’ll look at some key terms in ecommerce logistics, such as eCommerce WMS, 3PL, and others.
What exactly is an eCommerce WMS?
WMS is an abbreviation for Warehouse Management System. It is a software platform that ecommerce companies use to manage inventory and warehouse operations. A warehouse management system (WMS) allows you to track inventory levels in real time, manage stock across multiple locations, and automate your fulfillment process. Symphony WMS allows the integration of all warehouse operations, creating a seamless environment from the time an order is placed until the customer receives the item. WMS can also help you reduce errors and improve warehouse efficiency. Symphony WMS allows the creation of an internal network that delivers accuracy and efficiency. The start of social distancing and closures of public spaces has fast-tracked eCommerce. eCommerce industry exploded as the new shopper’s habit of making online purchases has raise customer expectation further and competition to fill the demand. Symphony WMS enables you to stay on top of the competition.
What role does an eCommerce WMS play in Logistics?
WMS can help you streamline your fulfillment process in ecommerce. Many of the manual processes involved in shipping orders can be automated using a WMS. Human and machine-readable identification (Barcoding and RFID) and confirmation processes are the keys to speed up and meet time-sensitive orders. Symphony technologies allows for accurate, faster execution of warehouse activities. This can help you save time and money while also decreasing errors. Symphony WMS accurately captures real-time data on receiving, put-away, transfer and picking to help improve response time, support planning and strategic decision-making on inventory changes and processes in your warehouse. A WMS can also help you manage your inventory more effectively, which can help you avoid stockouts and overstocks. Stock shortages create a negative effect on production and customer satisfaction and overstocking ties up business capital may have been used for other needs and increase risks of excess inventory of the product. With Symphony Cloud WMS solutions, you will be able to overcome challenges and navigate lead times to ensure products get to the right location at the right time.
What exactly is 3PL with eCommerce WMS?
Third-Party Logistics is abbreviated as 3PL. It refers to the contracting out of logistics services to a third party. A 3PL provider can handle warehousing, transportation, and order fulfillment, among other logistics services. This can save time and money for ecommerce businesses by allowing them to focus on their core business activities. Successful 3PL Logistics companies must build resilience and competitive edge that offer customers consistent innovative, customer-centric, and flexible strategies to overcome the challenges impacting 3PL Logistics. Symphony WMS keeps you one step ahead of the competition, expands your logistics warehouse business, and boosts your bottom line.
What role does 3PL with an eCommerce WMS play in current Logistics industry?
3PL can help ecommerce businesses reduce the cost and complexity of logistics. A third-party logistics provider can handle all aspects of logistics, such as warehousing, transportation, and order fulfillment. This can assist ecommerce businesses in lowering their overhead costs while allowing them to focus on their core business activities. Third party logistics must provide a dynamic 3PL Warehouse Management System that enables them to handle comprehensive variety of picking strategies for many clients, in various industries, over multiple locations while being able to quickly adapt to changing demands. Symphony WMS provides picking strategies like Individual order picking, Batch picking, Batch picking, Batch picking and Wave picking all of which benefits operation with high total number of SKUs and moderate to high pick orders. Our dynamic Symphony 3PL WMS provides third party logistics providers a competitive advantage with a comprehensive variety of picking strategies for accurate and efficient order fulfilment to serve top clients.
Other Important Terms in eCommerce Logistics
In addition to WMS and 3PL, you should be familiar with the following ecommerce logistics terms:
Order Management System (OMS): An OMS is a software platform used to manage the entire order fulfillment process, from order entry to shipment. Our Symphony Order Management System also streamlines the order fulfilment process across an omni-channel supply chain. Our Symphony OMS monitors all the incoming jobs and auto-generates billings after job completions and efficiently synchronises sub-contracting jobs with a follow-through invoicing.
Last-Mile Delivery: The final leg of the delivery process, from the distribution center to the customer’s door. Symphony Cloud WMS solution provides 3PL businesses automation that supports eCommerce, omnichannel, franchise management, B2B outlet replenishment, including B2C last mile delivery. Our WMS enables 3PL businesses to manage inventory from beginning to end, including receipt and put away, outbound allocation, store receiving, retail compliance, last mile delivery and material handling.
Freight Forwarder: A company that specializes in the transportation of goods from one location to another. Freight forwarders typically handle the logistics of international shipments.
Reverse Logistics: The process of managing the return of goods from the customer to the seller.
In conclusion, ecommerce logistics is a complex process that necessitates meticulous planning and management. Ecommerce businesses can streamline their operations and reduce costs by utilizing tools such as WMS and outsourcing logistics to a 3PL provider. Logistics will continue to play an important role in the success of online stores as eCommerce grows.
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