Jul 25, 2019 | Industry
There are many options currently on the market for third-party logistics software. Many provide various and unique functionalities for different industries. It can be difficult for some business owners to know exactly what they are to expect from their 3PL software. To alleviate some of the confusion that comes with researching 3PL software, we have created a small buyer’s guide to assist companies and business owners when choosing the best 3PL software for their business.
In this guide we will be providing information on the following topics:
What is 3PL Software in Today's Marketplace?
Third-party logistics software assists businesses of any size in the oversight of logistics. Third-Party logistics ensures all products are delivered and accounted for by tracking goods throughout the entire supply chain. 3PL software is primarily designed to help companies fulfill orders, track inventory, manage warehousing, coordinate shipping and manage billing. The software typically utilizes features including:
These features allow your 3PL software to track shipping, inventory, and purchase orders, among other supply chain analytics. With the use of 3PL software you can gain deeper insights and greater control over your business’s supply chain operations and optimize the customer experience.
Key Benefits of 3PL Software in Today's Market
Your 3PL software needs to be robust enough to assist with multiple links in the supply chain. 3PL software aims to make logistics processes simple and efficient through the following benefits:
|Warehouse Management||3PL software allows businesses to create workflows specific to their needs for overseeing inventory control as well as inbound and outbound processes. The software offers real-time supply chain visibility, which guarantees an accurate warehouse inventory. Managers can review picking and receiving with RFID and barcode scanning capabilities.|
|Optimized Shipping||A core feature of 3PL software is the coordination of shipping and receiving through shipping optimization. The software uses transportation management to determine shipping rates among shippers and major carriers (UPS, FedEx, USPS, etc.) and track packages while in transit. These features help to automate labeling and create bills of lading and inbound receipts, which help warehouse teams monitor the arrival of new products. Additionally, the software can oversee the planning and execution of transportation operations as well as enable businesses to interact directly with brokers and shippers. Reverse logistics capabilities allow for returns processing.|
|Accurate Billing||Billing capabilities make it easy for businesses to send invoices, calculate sales data, and maximize overall revenue. 3PL businesses can set up billing based on orders and storage use, which is typically completed as a monthly service fee.|
|Labor Management||3PL software affords businesses the ability to track employee performance through integrated KPIs to help warehouse staff work to its maximum ability. The software helps businesses build custom workflows for a specific client, product, or order, allowing staff to work at optimum efficiency.|
There are a number of different 3PL software solutions available on the market currently. They all have their own specialties and various functionalities. Going in blind can leave you confused on whether or not a WMS or 3PL solution is right for you. Below we’ve formulated a list of some of the best 3PL software solutions available and the common pros and cons for each service.
Logiwa WMS — Logiwa is a cloud-based warehouse management solution built for large and mid-size multi-site companies. Assisting in all warehouse processes from delivery to distribution, this warehouse management solution syncs all your business's sales channels and places them in one secure location. Integrating with multiple vendors allows users to utilize real-time data, RFID, and barcoding to assist in inventory optimization. It also speeds up warehouse tasks using mobile applications to process picking, packing, and shipping.
Da Vinci — A cloud-based and onsite supply chain management solution designed for 3PLs, e-commerce, and wholesale distribution. Da Vinci assists with fulfillment, transportation and warehousing processes through its use of multi-channel integration. Da Vinci features modules designed for RFID/barcode scanning, cycle and wave picking, and pick and pack, optimizing your warehouse management and helping you keep costs low.
Infoplus –– A web-based warehouse management software solution. Infoplus is designed for small to midsize 3PLs, eCommerce retailers, and wholesalers to optimize their warehouse and supply chain management. Users can sync the workflows from different departments under a single software platform. Mobile applications allow users to define production processes.
Excalibur WMS by Camelot 3PL –– A warehouse management solution designed exclusively for third-party logistics operations. Excalibur is available as a cloud-based or on-premise solution and is customizable for businesses from dry and cold storage, to e-commerce and retail fulfillment.
The solution gives businesses control over their inventory management, billing, invoicing, and reporting. Excalibur also collects a wide range of data collection options through inventory and transportation management. The software also has multi-channel integrations to assist with accounting and customer relationships. Additionally, you can access all these features from anywhere, using any device with a browser.
3PL Central — A WMS system designed for Omni-channel businesses. 3PL Warehouse Manager aims to increase visibility and process speed through asset tracking. The platform facilitates these optimizations via barcode scanning mobile devices.
The solution utilizes multi-channel integration for e-commerce, EDI, and parcel shipping. 3PL Warehouse Manager additionally comes equipped with B2B communications, allowing you to keep in contact with distributors, vendors, and everyone else involved in your supply chain. The solution also assists with accounting modules that can automate accounting processes as well as many other tasks.
WISE –– A WMS system that supports industries including 3PL, automotive, food, machinery, and more. Wise assists users in the management of the warehouse, accounting, and sales processes. It includes modules for shipping, receiving, picking, resource planning, and more.
Wise provides both electronic and paper-based solutions for advanced shipping notices, purchase orders, transfers, and other processing. The solution utilizes RFID and barcode functionality. The platform is available in multiple languages and provides around the clock service via phone or email.
Latitude WMS –– A warehouse management solution designed for retailers and wholesalers of all sizes. Latitude offers users control over inventory management, RFID and voice command features, and supply chain management, all in real-time.
This solution features KPI metrics, WMS training, warehouse optimization, as well as features for transportation and route delivery optimization. The Latitude warehouse management solution can be installed on-site or via cloud-based implementation and provides multi-channel integrations for ease of use.
Synapse –– An on-site or cloud-based warehouse management solution. Synapse is designed for small to mid-sized businesses (SMBs). The platform features functionality for most computer and mobile platforms including Apple, Windows, and Android.
Synapse is offered as a stand-alone warehouse management solution, providing inventory management, billing functionality, IT planning, warehouse management, and many other capabilities. Users are able to import and export flat files, XML, EDI and proprietary data format files. Additionally, businesses can also import data for managing file-based integrations.
SAP S/4HANA –– An enterprise resource planning software designed for businesses of all sizes. SAP is available via cloud-hosting or on-site installation. This platform is best suited for industries such as retail, manufacturing, service, and distribution. SAP offers integration with accounting platforms to optimize and provide analytics for budget management, multi-currency support, financial tracking, and other important accounting tasks.
SAP also offers key features for distribution, including asset tracking, warehouse management, and collaboration processes. The system additionally offers remote support, allowing businesses 24/7 health checks and maintenance on the platform.
Enterprise WMS and Interchange EDI –– A WMS solution for both asset and non-asset-based 3PL companies. The platform provides real-time reporting for inventory and supply chain updates. The software additionally utilizes RFID scanning for tracking assets and monitoring distribution along the supply chain.
Enterprise WMS and Interchange EDI features modules for billing, wave planning, direct picking, cycle counting, dock management, and many other warehouse management functionalities. The systems interchange allows for data exchange and facilitates internal communication between databases.
When it comes to operations, three major pain points for 3PL companies are labor, space, and expansion. It’s very important that 3PL companies manage these two factors for the most efficient operation of their business.
3PL software has advanced over the last few years to keep up with growing tech trends. Third-Party Logistics software now commonly utilize features such as mobile applications along with other technology that now defines the most useful of available 3PL software options. When researching your 3PL software options be sure to consider the following emerging market trends:
Whether you’re a 3PL specializing in Warehousing, Fulfillment, Distributor, Wholesaler, eCommerce business, or you are a full-service 3PL operating at full scale along with the supply chain Magaya’s system will be an invaluable link in your operation.
The Magaya solution boasts some very robust features and possesses both on-site and cloud-based capabilities. It will automate accounting processes, efficiently manages inventory, and improves warehouse management overall.
It can also create freight quotes and bookings, rate management, handle exports, imports or domestic shipments, with the necessary documentation always attached to every transaction, and much more. Regardless of your business’s size or location in the supply chain, Magaya has a solution for you.
The software has lots of customization options for their features, which allows users to tailor the software to their needs. The platform utilizes warehouse-tracking software, making it an excellent tool in resource planning and inventory optimization. Magaya’s asset tracking software allows you to accurately locate products and properly designate the locations you wish to receive your inventory.
Using Magaya, mobile businesses can use barcodes to assign rack locations, track inventory locations and storage dates in real-time, assisting businesses to increase the speed of inventory turns, cycle/wave counts, and other warehouse tasks. Owners and their staff can also print independent labels or manually add product information directly from the handhelds, helping you label and accurately identify units that may not have come with the desired information specified.
You can also use these extraordinary features to print pallet ID labels, substantially decreasing the considerable time required to process large volume orders. This customization makes the platform equally adaptable while also enabling the software to scale with your company.
Track in Real-Time
Warehouse managers can view inbound inventory in real-time and designate receiving locations, enabling real-time tracking and B2B communications which can help truck drivers find the right loading bay. These features help to optimize the overall supply chain and make supply chain management simpler.
The platform also has multi-channel integration, helping you keep all of your important insights in one location. The software combines your accounting with your warehouse operations, simplifying the extensive processing of bills and invoices while also generating useful reports. Its accounting integration allows you to automate billing, invoicing, and many other accounting tasks, further enhancing the speed of operations.
LiveTrack gives clients 24/7 visibility with secure online access. Customers can see invoices, check inventory levels, and contact support anytime they need. Your customers can log in on the web to receive extensive access to their information on their purchases, invoices, shipments, warehouse receipts, and more. This feature keeps your processes transparent and provides your customers with peace of mind.
To ensure users fully grasp the scope of all the features of this robust system and their uses, Magaya offers online tutorials and onsite training, assisting you in the implementation process and making sure you have the understanding you need to utilize all the optimization features of the platform.
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