Chanidapha Content Mkt., Author at MOLOG WMS | Warehouse Management System

“Flash Sale” discount campaign that challenges Warehouse Management

Chanidapha Content Mkt. — Fri, 23 Jun 2023 03:50:33 +0000

“Cheap and good do exist”

Can’t deny that before we choose to buy one product, we often have to compare quality and price between each brand to get the best product at cheaper price. That’s why stores use promotional strategy to compete with each other. Even marketplaces frequently use discount or as we called “Flash Sale” to get customer’s attention.

Customers like us often choose to buy products during the Flash Sale, whether it’s noon, midnight, or discount campaigns launching monthly. That’s why orders tend to be overflowing from time to time.

Customer’s loving it but challenging for warehouse management!

Launching Flash Sale campaign means limited time for customers to buy products which also means limited time for delivery as well. That’s why warehouse management and logistic process need to be performed quickly and discreetly.

Of course, when there are too many orders at one point, it is difficult to control and probably leads to problems
such as

Order Management

Warehouses will face too many orders to manage during flash sale campaign which may cause order mismanagement and unable to make on-time delivery.

Delivery capability

Logistic problems may arise from drastic increase on number of products need to be delivered while there is less delivery time. Thus, warehouses need to plan out the suitable delivery capacity.

Inventory Management

As the number of products to be stored increases while there is less storage time, warehouses must find suitable way to manage their inventory and improve their storages for maximum efficiency.

Despite all these problems, there are still solutions as long as customers still enjoy purchasing products during Flash Sale and entrepreneurs still want to increase their sales volume. What entrepreneurs need is to prepare suitable inventory management procedures to support different sales volume within each month.

MOLOG recommends an interesting approach in coping with Flash Sales campaign as follows

Plan to anticipate customer demand during flash sale

Entrepreneurs should learn from the record of orders volume during each flash sale so that they can plan their inventory and manage them properly.

Product quality control

Checking the quality and track the status of each product should be made top priority in order to increase accuracy in delivery and meet customer requirements

Product storage and organization

Keep the product in sequence to make it easy and convenient for inspection. Moreover, keep the storage space tidy in order to prevent product lost and product damage

Choice of technology

Technology and computer softwares can help manage warehouse more efficiently such as Order Management System to help collect orders from multiple channels or the use of Warehouse Management System to enhance efficient warehouse management including product monitoring and goods delivery

Warehouse Management can make good impression to customers

Good warehouse management can reduce warehouse issues and workloads, especially, if you plan to keep old customers in the long run by giving them good impression of service and delivery that is fast and accurate. Customer satisfaction will help your business grow sustainably. 😊

If you are looking for Warehouse Management System

MOLOG WMS offers just right solution

Fill out the form to request a free sample of the system !!️

At: https://bit.ly/Register_free_demo

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Checklist! How to choose WMS that fits your warehouse

Chanidapha Content Mkt. — Wed, 07 Jun 2023 07:30:34 +0000

Is WMS (Warehouse Management System) the final answer for warehouse management?

Warehouses, that are growing or having large space to manage, often encounter problems that can not be solved by manpower. Choosing the right software to help support the workflow might be the better option.

Many large businesses choose WMS, software for warehouse management, to support the operations or front-end processes from items receiving, storing, inventory management, picking and packing to items delivery. All the processes involved makes WMS the heart of warehouse management because it can help manage warehouse more efficiently.

Many businesses have started using WMS, what about you ! ?

For businesses that plan to start using WMS for the first time, there are always several factors to consider. Because all options lead to extra cost in the long run. Therefore, businesses should gather all the necessary demands in order to choose the most suitable WMS for their own warehouses.

MOLOG is now sharing the checklist that will help you make the most cost-effective decision in choosing the right WMS.

Business Requirements

Start by understanding business needs in order to identify the essential features of WMS that align with your business procedures by considering different factors such as inventory management, order management, receiving, delivering, picking and packing, and the specific requirements according to your business products.

System Scalability

WMS should be flexible and scalable along with your business growth considering the order volume and inventory you need to manage to make sure the system can handle your current and future needs.

Integration to other systems

One of the most important issues during Digital Transformation era is searching for programs that are ready to go futuristic. WMS should be able to connect to other systems that your business is using such as ERP, CRM, accounting software or transportation systems because system integration can help automate work processes, speed up and improve operations to make them more convenient.

Ease of use

The system design should be simple and easy to use for your employees to save time and money on training.

Customization

You should look for WMS that can customize to your specific needs. The system that tailors to your business processes and improve work efficiency.

Customer Support

WMS provider should provide supporting team that can help you with the system management in order to fix issues that are out of hand especially Thai-speaking support team that can help solving issues even faster.

Investment Cost

All investment costs should be taken into account including upfront costs, ongoing maintenance costs, extra charges such as customization costs or system integration costs

If you have considered all the checklists that we have gathered, you will be able to pick more or less the suitable WMS to your business that will support business growth in the long run ✨

MOLOG WMS is another option that you should consider

Because the top priority for us is to take the requirements of customers into account. We take part in business site visit to observe all the workflows and to understand how your business operate in order to design and develop software that best suit your business. Our UX/UI Design is proven easy to use and not overly complicated.

What’s more, MOLOG also provide MOLOG Integration (MLI) that can integrate to other systems, not only to ERP but
to e-Commerce platforms such as Shopee, Lazada.

Most importantly, MOLOG WMS is the system that developed by Thai people to support Thai people. Therefore, if there are any issues from using the system, our team can quickly tackle, so you do not have to worry about using our WMS 😊

Fill out the form to request a free sample of the system !!️

At: https://bit.ly/Register_free_demo

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5 ways to develop Thai logistics system towards the goal

Chanidapha Content Mkt. — Fri, 19 May 2023 10:40:10 +0000

“Logistics is an important mechanism that drives Thailand

It is an important trade gateway in the subregions and regions. ”

This is the key goal of The action plan for the development of Thai logistics system 2023-2027 will be developed by linking trade transactions in the form of e-Commerce, developing the logistics system into a form of electronic data linking. completely and increase business efficiency of entrepreneurs in terms of production, service, trade and investment and logistics activities ✨

Do you wonder? how to develop to achieve this goal ?

Thai logistics system development plan this time It is based on four principles and concepts :

Continuity of logistics system development from the 3rd plan

by considering the results of past developments And lead to the direction of continuous development.

Application of modern technology ( Technology & Innovation )

The use of technology and innovation is required in various areas for the efficiency of logistics management throughout the supply chain.

bioeconomy development circular economy and green economy ( BCG )

Give importance to the application of scientific knowledge. modern technology and creativity Along with maintaining a balance between conservation and utilization of natural resources as well.

United Nations Sustainable Development Goals ( SDGs )

Establish a direction that focuses on enhancing the quality of life for all groups of people. both economic infrastructure foster innovation and having a good environment

By this Thai logistics system development plan This is in line with the national strategy, master plan, and national economic and social development plan in terms of building competitiveness. For our country, sure enough. 😁

How can the logistics system create competitiveness ?

The main point of this development plan is the development of infrastructure in terms of logistics and digital systems. to make the overall infrastructure of the country even better Which is part of the national strategy in the year 2018 – 2037 , there is also a goal to reduce the cost of logistics per gross domestic product. and increase the efficiency of international logistics as well📈

Therefore, in order to make the logistics system an important mechanism in pushing Thailand into an important trading gateway Therefore, development guidelines are needed.

MOLOG is summarized as “ 5 guidelines for the development of Thai logistics system ” as follows

Development of transport infrastructure and facilities

Build a transport network and logistics between ports, railways, roads and airports. It also connects important economic, industrial and border areas.
Develop logistics service centers such as collection and distribution centers. Freight Transformation Center Including improving customs or developing border crossing points with potential for trade.
Manage logistics infrastructure and service centers Whether it is the preparation of infrastructure management guidelines. Promote rail and waterway transport Encourage local government and private sectors to participate in project development and encourage the private sector to participate in being service providers as well
Promote the utilization of advancements in digital technology.

Upgrading standards and adding value to the supply chain

Improve logistics management and agricultural supply chain by providing assistance to farmers and agricultural institutions Reduce losses in logistics activities Encourage farmers to access marketing channels Strengthening the capacity of agricultural institutions
Ecosystem Development ( Ecosystem ) suitable for the growth of industrial entrepreneurs Whether in terms of technology, innovation, information systems, support for the development of new marketing channels such as electronic commerce marketing channels ( e-Commerce ). In addition, funding for the use of innovation must be provided appropriately and consistently. Including investment abroad as well
Take environmentally friendly actions such as using biofuels and natural gas. alternative energy in accordance with BCG guidelines

Development of customs procedures related import-export processes and facilitating international transportation.

Develop the NSW ( National Single Window ) system to be able to support data linkage with related systems such as Thailand’s International Digital Trade Platform ( NDTP ) and push for electronic data linkage through ASW (ASEAN Single Window) with ASEAN member countries and promoting the utilization of the NSW system in B2B, B2C and B2B2C
Develop electronic logistics processes, such as speeding up import – export procedures, developing a central platform for obtaining electronic licenses and certificates. Accelerate the determination of customs tariffs to control imports and exports.
Develop facilitating cross-border and cross-border logistics at important trade gateways.
Accelerate the development of cooperation and resolve obstacles in the transportation of international goods.
Improve and develop laws and regulations related to international transportation and logistics.

Development of the potential of Logistics Service Providers: LSPs

Strengthening the potential of logistics service providers both in terms of technology, innovation, digital platforms Raise the level of delivery services with unique characteristics. Encourage sharing economy business
Develop Thai logistics service providers that can provide comprehensive services and are certified according to international standards, develop a modern business model , and support Thai logistics service providers to create cooperation networks both domestically and internationally. and region

Promotion of innovation research and development personnel development and logistics follow-up

Establish a mechanism for funding research. There is a tendency to bring research results to be used commercially. Create cooperation both domestically and internationally. To transfer knowledge that can be used in logistics activities, such as the use of AI in warehouse management. The use of technology to identify the characteristics of objects with radio frequency ( RFID )
Promote investment in industries that use technology and innovation in the development of logistics activities
Develop logistics personnel By supporting joint operations between public and private sectors and Up-Skill, Re-Skill
Follow up and evaluate the development of logistics.

It can be concluded that Overall logistics situation continues to grow and develop continuously with the emphasis on the application of technology in order to be able to compete internationally and as a result, the logistics activities are more efficient.

In addition, the development plan can reduce the ratio of transportation costs to GDP and the ratio of inventory storage costs to GDP to 5 percent per year.

If you are one of the operators involved in the warehouse The efficiency of the warehouse can be improved by using software technology or WMS (Warehouse Management System) in warehouse management today. To be one of the entrepreneurs who can compete internationally.😊

Want to use WMS , think of MOLOG WMS

Fill out the form to request a free sample of the system !!️

At: https://bit.ly/Register_free_demo

so that we have presented the system and packages that suit you

Thank you information from :

https://www.nesdc.go.th/main.php?filename=logistics

Action Plan for Development of Thai Logistics System 2023-2027

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“Warehouse”, the essential core to reduce logistics cost

Chanidapha Content Mkt. — Fri, 19 May 2023 09:19:57 +0000

We all know warehouses are places to store large number of items which we called
” inventory ” before they all got delivered to customers’ hands. Inventory requires complex management because each type of inventory has different properties and storage procedures. Before we discuss about inventory management, let’s see how many types of inventories are there?

Inventory is divided into 3 types

Raw materials and supplies are inventory waiting for production. There is not much alteration made to this type of inventory computer parts, products from plants as such.
Work in process is a type of inventory that is in between production process or about to alter item’s condition such as woven shirt waiting for button fixing or processed foods prepared for packaging
Finished good and product are finished inventory ready for sale or the condition of the product has been altered completely such as ready-to-eat meals, household appliances

Each type of inventory need different work flows and different movements. The raw materials and finished inventory have the most flexibility because these types of inventories are easy to release. At the same time, work-in-process inventory, though, has slower flows, this type of inventory is still in production process which made them difficult to use and that is why most of the companies try to reduce them as much as possible.

There’s more to the complexity of the warehouses!?

There is more detail to all the processes in the warehouses from receiving goods, goods storage, managing goods within the warehouse and systematically releasing them from the warehouse.

Warehouse could help us earn ” money “

Yes, we definitely earn more money because systematic warehouse management allows us to accurately calculate number of products leaving no out-of-stock products and fewer mistakes for pick-and-pack process. What’s more, it helps making work more efficiently through accurate destination delivery, so you do not have to waste your time and save your income from unnecessary mistakes.

” Reduced costs ” lead to more income

There are 3 main types of logistics cost which are transportation cost, management cost and cost from inventory maintenance which usually includes the cost from inventory holding and the cost of warehouse management.

MOLOG helps you collects warehouse management guidelines that able to reduce inventory costs as follows:

Purchase order cost controlling

Technology can be replaced at this step to help create purchase orders (Purchase Order: PO) by using Electronic Data Interchange: EDI system to transmit purchase order (PO) information as the advance notice for delivery (Advance Shipping Notices: ASNs) before the product arrives at the warehouse. Besides, technology recommendation includes the use of supplier assessment system and warehouse equipment maintenance in the warehouse to cut down all the unnecessary costs.

Determine the appropriate amount of inventory

Determining the amount of inventories which we also called ‘Safety Stock’ in order to have enough products for delivery to customers. Safety stock can increase customer satisfaction and results in more. Moreover, it can reduce the incidence of inventory shortage and no goods to deliver according to purchasing order.

Inventory transfer

Transfer inventory from one warehouse to another warehouse when some items are overloaded to balance the quantity of products between all warehouses.

Optimal use of warehouse space

We should design warehouse space to appropriately store all the inventory. The design could start from sorting all the inventory to fit the area and move all of the Dead Stock out of the warehouse first.

Inventory Tracking

Technology can be used to determine the location and tracking inventory within the warehouse by using WMS along with scanning barcodes on all the items and pallets. The system can suggest the location on rack storage where items could be stored, which items should be picked and packed in order to save time.

However, warehouse cannot be operated without the management system. The best way is to use WMS (Warehouse Management) for warehouse management because there is real-time processing data storage to calculate for all the functions (Read 5 main challenges warehouse managers commonly face if there is no Warehouse Management System (WMS) at: (Article Link)

Who should be using WMS to manage and reduce inventory costs?

Ecommerce Business: Online retailers often have large amount of inventory to track and to efficiently manage. WMS can help keep track of inventory, orders, and all the shipping processes.
Manufacturer: Companies that produce goods can use WMS to manage their inventory, raw materials, and finished goods. It can help increase the efficiency of production process and reduce waste.
Distributor: Businesses that distribute products to retailers or regular customers can use WMS to manage their inventory and shipping processes. It can help improve order handling and reduce errors.
3PL/Fulfillment Service Provider: Logistics service provider, 3PL and fulfillment often manage inventory and shipping processes for multiple customers. WMS will be able to help keep track of customer inventory and orders as well as operating their own warehouses.
Retailer: Physical retailers, including online sales channels, can use WMS to manage their inventory in multiple locations. This can help optimize inventory levels and improve customer service.

However, choosing a suitable method to reduce warehouse costs can be selected according to the condition of each business and how their warehouses process at present in order to help develop and made warehouse management smoothly and quickly.😊

Interested in WMS system that able to reduce your business cost?

MOLOG WMS can help.

Please fill the form for free demo request!!️

at: https://bit.ly/Register_free_demo

For more details, please contact Molog team for more information about WMS and the suitable package at your budget

Reference from:

https://www.logisticafe.com/2018/05/warehouse-and-inventory-management/

https://domitos.com/th/blog/warehouse-logistics/

https://www.iok 2 u.com/article/logistics-supply-chain/ct 51-15

https://hmgroupthailand.com/th/blog/detail/ 10 tipsforstockmanagement

http://www.similantechnology.com/news&article/warehouse-cost.html

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Top 10 Logistics Business stars in 2023 that unable to stop (growing)!

Chanidapha Content Mkt. — Fri, 19 May 2023 08:51:48 +0000

Doing business during this period must have met unexpected problems whether they are economic or social problems, the epidemic crisis or various natural disasters make doing business a very fierce competition. In addition to the factors mentioned above, changes including sudden changes in consumer behavior and Digital Disruption from the development of technology are key factors in business operations at present.

There are always falling and rising star in the businesses emerging in the market. The Center for Economic and Business Forecasting, from University of the Thai Chamber of Commerce, has revealed the results of business research on the top 10 business stars in 2023, and interestingly, Logistics business is also one of them.

These are the 10 outstanding business stars to watch in 2023

Medical and Beauty Business

There are many factors that make this type of business grow whether it is the coming of aging society, increasing number of health-focused individuals. Also, Thailand has as many as 59 JCI- accredited hospitals in which if you compare to the cost of living and medical expenses, Thailand has high potential to generate income from medical tourism in the future. It is expected that after opening the country, there will be approximately 130,000 – 180,000 million tourists that will use the service, most of whom are Chinese, Middle Eastern and European.

e-Commerce Business

e-Commerce business expands due to the rapid change in consumer behavior. Consumers reduce their time spending at the store or even convenience malls. They turn to spend more time through online channels which products are usually cheaper than the storefront because having online shops greatly reduce many costs. That is why there are more stores opening online at present. What’s more, consumers also have more choices to choose for the same product. There are also product reviews from the real users which creates product credibility that consumers can rely on.

Social Media and Online Entertainment

The changing of consumer behavior causes the booming to this type of business as well. There are more movies and shows through online streaming platforms including various platforms for online communication. In addition, from the marketer’s point of view, there are more channels that they can exercise promotions. For example, promotions through social influencers, youtubers, etc. On top of that, the new trend of Metaverse technology begins to play more roles in online media, so it will be pretty major for social media and online entertainment businesses.

Content Production Business, YouTuber, Influencer

Content Production Business is the result of Social Media Boom. Consumers pay much more attention to stars and influencers. As a result, marketing strategies have been focused through online promotion and many brands and companies decide to purchase more advertisements from influencers’ channels.

Online platform Business such as couple matching, ordering food, cab calling, etc.

Because of the sudden change in the way people live as a result of Covid-19 epidemic situation causes people to use more technology to support their lifestyles. It, then, stimulates the development of more platforms to support all the changes such as, food delivery, logistics and online transactions, etc.

6. Insurance Business, Nightlife Business, Pub, Bar, Karaoke

In terms of Insurance business, there are variety and a lot more number of products than in the past including the ones with lower prices. These products are designed to meet the needs of consumers because people become more aware of their health from the epidemic of COVID -19 and the entering of aging society.

For Night Entertainment businesses that has been certified by SHA Plus or Thai Stop COVID 2 Plus as such has resumed their growth after Thailand had announced that Covid -19 is an endemic disease and fully opening up the country for foreign tourists to travel to Thailand.

7. Tourism, Hotels, Tours and Modern Trade Business

The Tourism Authority of Thailand (TAT) expected that there will be 18 million foreign tourists visiting Thailand in 2023 because Thailand has advantages when comparing cost of living and room rates to other vacation spots. In addition, the government has supported plan to diversify tourist attractions to secondary cities causing the income expansion to more local tourism and hotel businesses.

Modern retail business ( Modern Trade ) has a tendency to gradually recover because consumer purchasing power is coming back. As tourism recovering, the number of goods purchased will continue to improve from storefront, malls and online shops but with added service for home delivery.

8. Logistics Delivery Business and Warehouse Including vending machine business such as beverages, washing machine, food and others

Logistics continue to grow as a result of variety of platforms rely more on delivery services, for example, document messenger, food delivery, etc. Besides, warehouse business also improve as Thai economy began to recover and causes imports and exports to continue to grow. Moreover, government has published policy to increase the capacity of logistics and industrial supply chain management, so it can hugely trigger Logistics businesses.

Regarding the vending machine business, it continues to develop larger group of consumers as they need machines and facilities to fasten their way of living in order to save more time and to consume with contactless service. Therefore, you can see many types of products in the form of automatic vending machines nowadays.

9. e-Sports Business, Food Supplement Business, Food and Beverage (without alcohol) Business

The e-sports business continues to grow among Generation Z and working age group with the tendency that e-sports audience is likely to increase to 10.7 million in 2027. Universities in Thailand also have more gaming-related courses such as short course or even bachelor degree course. Meanwhile, the government also has policy to support the e-sports market by set up funds and investment privileges for investors. Thus, it is, unsurprisingly, expected that e-sports will be one of the New S-Curve.

Food supplement business expands because consumers turn to pay attention with their health, especially Generation Y with high purchasing power and still prefer to consume food made from plants, vegetables, fruits and (Plant based) meat.

Food and beverage business (Non-alcohol) is also rising with consumers choose to buy drinking beverages mixed with vitamins, low-sugar drinks, frozen food and ready-to-eat package.

10. Automotive Business, Spiritual Business (Fortune-telling, Feng Shui) and Entertainment Business such as TV Series, TV Drama, Movies

Since Covid-19, fast recovering Automotive business is a group of trucks and motorcycle while the car sector is slowly recovering. The consumer incentive to buy automobile is due to development of new and interesting technology such as electric car.

Spiritual business is originally created from instability. Social pressure and unstable economy lead to anxiety which people, then, need to rely on spiritual and faith. Foreign tourists also like to enhance their esteems by various spiritual methods such as spell tattooing, sacred materials, etc. What’s more, various talismans have been designed to better suit the era to make it easy to carry or wear upon.

Entertainment businesses have been promoted by government agencies as the soft power strategy to access foreign markets, especially the Chinese market. For instance, the production of homosexual series continue to rise to accommodate diverse groups of audiences.

In conclusion,

From the ranking of 10 business stars, the main factor for growing is often driven by changes in consumer behavior derived from COVID -19 epidemic and the rapid development of technology in order to accommodate the behavior that changes.

Overall Warehouse business situation at present is the mixed result of changes in consumer behavior, economic recovery and government policies that plan to push Industrial logistics and supply chain management forward in order to be able to compete with foreign countries.

Therefore, it is necessary to use technology to support the work processes at every step to reduce all the possible mistakes and to acquire competitive advantages.

MOLOG makes logistics work easy. 😊

Fill out the form for free demo request!!️

at: https://bit.ly/MOLOGwsRD

So, we can design the suitable package to your budget.

Reference from:

https://www.mreport.co.th/news/trend-and-innovation/341-top-10-rising-star-business-in-2023

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The Top 5 3PL Warehouse Trends to watch in 2023

Chanidapha Content Mkt. — Fri, 19 May 2023 08:30:41 +0000

Since the start of 2023, we always keep an eye on new trends in Logistics Industry. One of the Logistics trends, MOLOG wants to update today is 3PL Warehouse Trends in 2023, which is summarized from “2022 Third-Party Logistics Warehouse Benchmark Report” by EXTENSIV. The report gathered information about 3PL Warehouses from more than 200 logistics experts from across the United States, Canada, United Kingdom, Australia and New Zealand.

Before we continue, let’s get to know about 3PL

3PL (Third Party Logistics) is the third party or outsource service of Logistics service provider which specialize in various aspects of logistics such as transportation service, warehouse, product distribution, finance as well as related authorized document services.

📦3PL is divided into 4 categories

Standard 3PL Providers

Standard 3PL provides services such as product organization, transportation, distribution, etc. Normally, all the services that related to inbound and outbound items including warehouse management. Many companies select this category of 3PL in order to improve the logistics processes and reduce the logistics cost.

Service Developer 3PLs

This type specializes in developing and delivering customized logistics solutions. They work closely with clients to understand their needs. and design logistics solutions to meet those needs.

Customer Adapter 3PLs

Customer Adapter 3PLs adapt the services according to customer demand. They also work closely with customers to understand their needs and design logistics solutions accordingly

Customer Developer 3PLs

This type also works closely with customers to develop logistics solutions tailored to their specific needs. They specialize in providing highly customized logistics services and they are known for their ability to provide flexible and adaptive solutions to each organization.

To conclude, each type of 3PL provider offers different approach for logistics focusing on basic service standard or customization or combination of both.

What are the top 5 challenges for 3PL Warehouse in 2023 !?️

Since we all understand what is 3PL, let’s look at their upcoming challenges in 2023.

▶️Labor Shortage

Despite recent Economic Recession, 48% of 3PL warehouse operators said that recruiting and retaining talent was the second biggest challenge, secondary only to cost management because labor costs has gradually rising as well as the unemployment rate which has increased to 3.5%.

▶️Warehouse space constraints

With all the challenges in 2023 like cost and facility management and capacity expansion in order to accommodate new customers, nearly 35% of 3PLs said that acquiring warehouse space was also one of their top challenges.

▶️Billing and Invoicing

Because many people concerned about economy and inflation, 32% of 3PLs stated that they intend to use new technology to reduce the period for billing and invoicing. Programs that help 3PLs improve their profitability will become top priority for investment in 2023.

▶️Technology Adaptation

This year’s connectivity will become one of the biggest change mechanisms for 3PLs. The number of systems that can connect with warehouse management systems (WMS), on average, has increased from 2.3 in 2022 to 2.7 in 2023 with EDI (Electronic data interchange) , shopping carts and marketplace greatly increased in order to perform better work according to customer order sources.

▶️Reporting and analytics

This year’s report highlights the huge differences between the most profitable 3PLs to the low growth or non-profit 3PLs. The most profitable organizations focus on KPIs that tend to drive growth, revenue, and overall cost management such as purchase volume and labor quality. For less profitable ones, they focus on historical data types such as total operating costs. Thus, the new trend in 2023 will emphasize on KPIs that can influence overall cost management.

To summarize, the next thing 3PL Warehouse industry focusing on is the space allocation, logistics talent seeking as well as the search for the right technology to ultimately increase the work efficiency.

In this era, every business has to rely on technology to smoothen the work processes and to help achieve goals. Besides 3PL Warehouse, there are other businesses such as warehouse rentals that need to be transformed to a Modern one in order to catch up to the Global situation and the advancement of technology. If you want to know more about the future direction of warehouse businesses and how to deal with the changes, continue reading at: ( Article link: What is the future direction of Warehouse Business in Thailand? )

📌If you don’t want to fall out of trends,

MOLOG WMS can help you turn your Warehouse into a modern one!! 😊

Just fill out the form for free demo request!!️

at: https://bit.ly/MOLOGwsRD

So, we can design the suitable package to your budget.

Think WMS Think MOLOG

Reference from:

https://www.extensiv.com/blog/ 3 pl-warehouse-and-logistics-industry-trends-to-watch-for- 2023

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