Third Party Inventory Management By JaK Fulfillment
JaK Fulfillment is renowned for its efficient 3PL inventory management system in the United States of America (USA), which is paramount to the success of a business. Our services are flexible to meet the ever-changing demands of clients’ businesses.
We understand that sold products result in revenue, and inventory that sits results in additional expenditure. JaK Fulfillment ensures that we provide timely insights and analytics to our clients so that they face no inventory-related problems. Our goal is to see our allies succeed and progress.
Why is managing 3rd party inventory important?
Contrary to popular belief, 3PL inventory management is not restricted to counting the number of units present in the warehouse. It’s about optimization methods, being able to keep the stock at optimal levels, recognizing which specific product is present in the required quantity, and forecasting which is going to run out.
It’s the most important component of the 3PL supply chain, helping to maintain a balance between the number of units of a product present and required. Additionally, it also informs about the date of production of a product and the date of purchase, which gives more insights about the performance of a product.
Furthermore, 3PL inventory management software provides secure login, regular notifications about the status of each product, and tracking accessibility. These factors help businesses make timely and informed decisions as they have access to the data anytime and anywhere.
What happens without inventory management?
Without proper inventory management, e-commerce businesses end up overstocking or understocking. In the former case, the unsold stock leads to financial losses due to the production cost, the space occupied in the warehouse, and the time required to sell it. And in the latter case, if customers order a product and it is out of stock, it results in losing many sales and potential revenue opportunities.
Additionally, shipping errors and delayed orders are likely to happen, which results in customer dissatisfaction, tarnishing the reputation of the brand, and severely affects retention rates.
Software Utilized In 3PL Inventory Management In The USA
- Zoho Inventory
- Oracle Netsuite
- Cin7
- Fishbowl Inventory
- Inflow Inventory
Frequently Asked Questions
What is AMS in inventory?
AMS is an abbreviation for Asset Management System. It plays a very pivotal role in tracking inventory.
Who deals with inventory in a warehouse?
A warehouse inventory manager usually fulfills this responsibility. He takes care of physical inventory, tracking, receiving inventory, and fulfilling orders.
What are the types of inventory?
The types of inventory include raw materials, finished goods, maintenance, repair, and many more.
