Inventrax is the global leader in 3PL WMS Software.

Inventory Management with 3PL WMS Software

Inventrax 3PL WMS software helps in inventory management, recurring activities, and the ability to process returns as easily as new shipments.

Our 3PL WMS software helps in Product tracking within a warehouse and outside the warehouse & able to track shipments. Customers have great transparency with real-time data, and simply monitor your actual costs compared to estimates for each order.

Inventrax 3PL WMS Software helps you manage the process. Multi-client support of our 3PL WMS software eases operation in inventory and keeps track of product inventory of clients and their reports.

Why do you need Inventrax 3PL WMS Software?

InventraxWMS builts to serve complete third-party logistics from shipping to inventory for small to complex warehouse environments. InventraxWMS has adaptability according to warehouse products and operations.

Third-party logistics(3PL) WMS Software is used to handle multiple customers, each with different specifications and responsible for timely and accurate handling. Robust warehouse management software is required to serve today\’s logistic operations in a fast-paced manner. 3PL and warehouse operations completely rely on the warehouse management system to have error-free in billing, labelling, reporting, etc.

We help 3PL providers as they are one of the key elements of the supply chain logistics environment and provide critical logistics services for companies seeking expertise in inventory management and supply chain logistics. Handling multiple clients in a variety of industries increases the level of complexity for accurate and operational efficiency.

Why Use Inventrax 3PL WMS Software?

Inventrax 3PL warehouse management software benefits product manufacturing companies, shippers, distributors, and third-party logistic providers. It integrates third-party logistics with manufacturers. Companies have the opportunity to track the product location and have visibility into how their supply chain is performing. 3PL WMS software helps in warehousing, material management, order management, distribution.

Improved Client Relations

Handling multiple clients in a variety of industries increases the level of complexity for accurate and operational efficiency. Inventrax 3PL Warehouse Management System helps the 3PL providers accommodate the needs of multiple customers with varying needs and businesses practices.

Customized 3PL WMS Software

As third-party logistic providers handle multiple clients in multiple industries same 3PL warehouse management software will not be fit for everyone. Need customized 3PL WMS software as per the client requirements.

Key Benefits of 3PL WMS Software

Robust 3PL WMS software handles receiving and put away, inventory, warehousing, order fulfilment, order picking, and packing and shipment. Improve transparency and communication between third-party logistics providers and vendors. Improve warehouse management, distribution, and order management for 3PLs. Time and price are saved for third-party logistics and vendors with 3PL WMS software.

Inventrax 3PL WMS software provides most of the benefits to the clients.

Best Features of Third-Party Logistics(3PL) WMS Software for an end-to-end solution to 3PL providers

Warehouse Management

Critical warehouse management is required to handle customers for recording lot numbers, profiling. Inventrax 3PL warehouse management software helps managers monitor to pick up and take the way through radio-frequency identification (RFID) capabilities.

Shipping & Receiving

Inventrax 3PL software helps managers inbound receipts of new arrivals and shipping of material outwards. Material list info is given to the supplier that supplies have been loaded onto the 3PL provider’s carrier and are ready for delivery.

Order Fulfillment

Order fulfilment is the primary function of Inventrax 3PL WMS software for business. It can handle all of the Make to Stock (MTS), Assemble to Order (ATO), Makes to Order (MTO) capabilities typical of order fulfilment software.

Always work from your WMS requirements to build out a features list. It’s the best way to ensure you’re making a wise WMS investment to support your business. Here, we’ll take a look at the top five areas of functionality that are important to the modern 3PL warehouse.

Everything always comes back to customers and order management, so keep them as your focus to avoid getting caught by the shiny things offered in some 3PL open-source software options.

3PL WMS Billing Software

Inventrax 3PL WMS Software makes billing simple with an easy-to-use configuration tool. 3PL providers can set up the base price model for various handling activates and accessories and can further customize the price on a customer-to-Customer basis with rate configuration and discount tools. The billing setup then uses this information to create the billing schedule and executes the 3PL billing strategy automatically. Clients can be billed for recurring storage, initial split monthly storage, anniversary cycle, and many more.

3PL WMS software automates billing and ease process to third-party logistic providers and helps in cost-cutting that increases revenue.

• Capture every event of billing in the warehouse
• Flexible billing as per customer requirement
• Calculate charges for inventory, shipping, and handling
• 3PL helps in Billing, invoicing & integrating with financial tools
• Reporting accuracy in billing
• Inbound & outbound handling charges
• Recurring storage costs on a daily, monthly basis

Analytics and Reports

Real-time data is important to operate efficiently and smoothly. You should request a 3PL warehouse platform that is capable of monitoring, tracking, and providing data from a variety of sources. Look for a system that meets your warehouse size, space, and number, and for any system that you can cross-dock and take advantage of the inventory when it arrives.

Analytics should have workforce elements that help you understand individual performance and change as well as seek better ways of managing your business. The 3PL WMS options today can help you improve picking lanes and inventory locations based on orders and usage.

Reporting tools must examine real-time data and complete job information. Seek access to customizable reports and templates. It helps with a system that allows you to share information with the right partner or employee. This enables people to verify their work and send customers without unnecessary or irrelevant data being disclosed.

Integration

Based on the companies, you must be able to integrate with carriers and suppliers in the WMS requirement. You want a system to create the connections and put everything on a dashboard to drive your team to see the modes and carriers available, making a final choice based on price and time.

Some WMS can automate this according to rules, while others can make suggestions and lists before deciding. Choose what is most convenient for you.

Any portals that your providers use, the software that you use (especially CRMs and ERPs), order management tools, analysis platforms, and ways in which you share information are also included. Importing documents from Excel could be the right way for you, while others may need a robust API for internal reporting and exporting information.

There are a few more cloud-based options, particularly with e-commerce tools. You should however be able to receive a cloud or on-site service that meets your requirements.

Elements of speciality

Now is the time to take into account the unique factors in 3PL space as well as in the supply chain. The ability to monitor ownership transfer is a common system a 3PL WMS should have — which you rarely see outside space.

3PLs must consistently transfer inventory between owners. During these transfers and handshakes liability, insurance and other factors come into play. Search for a WMS to record receipts and record when goods are accepted. You will want to see the entire chain throughout your inbound and outbound processing for each product and shipment.

How much does 3PL WMS Software Cost?

A robust 3PL solution allows you to accelerate processes and drastically reduce costs across the warehouse, including inbound, put away, picking, packing, and shipping operations.

Inefficient operations reduce profits in turn increase the cost of work. With our 3PL warehouse management software, we can manage operations efficiently. You can scale up and scale down our 3PL software as per requirement.

Inventrax 3PL WMS makes billing simple with an easy-to-use configuration tool. 3PL providers can set up the base price model for various handling activates and accessories and can further customize the price on a Customer-to-Customer basis with rate configuration and discount tools. The billing setup then uses this information to create the billing schedule and executes the 3PL billing strategy automatically. Clients can be billed for recurring storage, initial split monthly storage, anniversary cycle, and many more.

What is 3PL WMS Software?

Third-party logistics (3PL) warehouse management software system assists 3PL companies to manage other businesses for warehousing, ordering, and transportation. It includes Warehouse management, distribution, and order management.

Steps involved in getting a product to the customer\’s doorstep.

Mainly there are 3 steps involved in sending a product to the customer\’s doorstep.

• The first business is the actual product manufacturing companies that will be sold to customers.
• Once completion of product manufacturing, a few companies check for the second party logistic provider to deliver a product to a customer.
• Even though second-party logistics providers can handle the shipping, it needs a wide range of networks where third-party logistics companies are required.

Inventrax 3PL WMS software is designed to streamline and for seamless integration of both third-party logistics and companies that hire them. Inventrax 3PL WMS Software helps companies to handle warehousing, distribution & order management.

Who Uses 3PL WMS Software?

Public Warehouses

Inventrax 3PL warehouse management software helps to track items within the warehouse, automate orders with shopping cart integration & manage inventory.

Distribution Centers

Distribution centres are designed to transfer products from distribution centres to customers. Generally, distributors communicate with customers for dispatching the orders.3PL WMS software helps distributors to track items with barcodes & reporting information.

Problems faced by Companies in Handling Warehouse and Inventory

Every manufacturing company will have a warehouse, tracking, tagging of every product is mandatory. Manual tracking creates confusion, less accuracy that leads to loss to organization and delays production activity. Inventory management has to be handled with utmost priority, mismatch of goods with data delays production activity. Manual handling of inventory will reduce accuracy and procurements might get delayed. To have an error-free environment, WMS software has to be replaced with manual operation.

Our Solution: Accurate, Real-Time Information

With multiple clients and multiple projects, offline activity is difficult to handle and prone to errors. With our 3PL software model, it is easy to handle and maintain, and updating of software.

• Automated customer notifications of important inventory activity
• The slow and recurring offline process will be replaced by API and EDI integrations
• Unlimited real-time support to help your team with process handling
• No extra labor is needed to generate a custom report
• Secure login for the client
• Data accessibility at any time and anywhere
• Advance shipping notifications help meet picking and packing demand

With real-time data, it’s easy to make data-driven decisions. With an inventrax 3PL WMS software, you can support improved fulfilment processes like cross-docking, directed put away, automated picking processes, walking path optimization, and more. With our data analytics and reporting features, you can generate online reports and use better insights to shape the future of your business. Pricing depends on warehouse operations handling, customers, location and shipment, customization of the system for support.

Faqs about WMS for 3PL providers:

What does 3PL mean?

Third-party logistics (or 3PL) refers to the outsourcing of logistics processes to a third-party logistic provider, including inventory management, warehousing, and fulfilment.

How does 3PL work?

3PL works according to customer requirements, at a basic level, it supports shipping operations. Advanced 3PL handles all warehouse activity and transportation procedures.

What is the role of a 3PL?

3PL companies provide logistics planning, material procurement, product sourcing, and other services. Some 3PL providers also meet warehousing and fulfilment needs for companies that need quicker deliveries. This could save the company money on warehousing and shipping if they offer fast delivery for a low price.

What is Inventory Management?

The process of maintaining stock in the warehouse to meet customer or client demand without any delay by holding minimum stock is called inventory control. The Booming of e-commerce industries has opened new doors for logistic providers for extending their business.