When looking into a storage system, it can be difficult to decide which type is right for you. From 3PL warehouse storage (third-party logistics) to storing your goods in a local warehouse, the possibilities are endless. So how do you know which option is best for your business?
Overall, you want to find a cost-effective solution that helps you to efficiently manage your inventory. Meeting your customer’s expectations, it leaves room for future growth. The right inventory storage solution will help you to manage, store, and track all of your goods with ease.
You can choose between three main types of storage solution: traditional warehouses, partnering with 3PL warehouse storage, and self-storage. And although the latter is most suitable for smaller businesses, if you want to expand your business in the future, you’ll need a larger, long-term solution. Which is why so many businesses across the world are turning towards a 3PL.
What’s The Best Inventory Storage Solution For Your Business?
|Self Storage||Traditional Warehousing||Partnering with a 3PL|
|Description||A likely option for those with a startup/small business. This could involve storing items at home or nearby.||One of the most popular solutions for e-commerce businesses. This type of storage involves storing your inventory before it’s sent out to customers. But that’s it.||This option is favored by those wanting a complete storage solution. Storing your goods, managing the inventory and shipping it to your customers, you won’t have to worry about supplying everything.|
|Conclusion||Although this is a good storage solution when you’re first starting out, as you grow, this won’t adapt along with it.||Although you are utilizing a warehouse, you’ll still be responsible for equipment, hiring staff, insurance and more. Therefore, this isn’t a great choice for those wanting a complete solution.||As a 3PL will take care of your inventory, your business can spend time on other aspects. Giving you the peace of mind that your goods are in a safe place and that they will be sent to your customers on time, you can focus on growing your business.|
Which One Comes Out On Top?
From the above, it’s clear to see that a 3PL warehouse storage solution offers the most flexibility for businesses. Putting your inventory in the correct location, it’s readily available to ship to customers within a timeframe that suits both you and them. Improving the overall efficiency of the process, you can rest assured that it will run more smoothly. The best option for growing businesses, it will provide you with the resources and expertise that you need to succeed.