When it comes to finding shipping and logistics companies to handle the needs of a business, speed, stability and the company’s background and references are important, experts say.
But the first thing a business in need of logistics and shipping services should do is compare costs to determine whether it is cheaper to hire a company that specializes in the work.
Another important aspect is looking at how fast a logistics company can get a product from the manufacturer to the retailer, store or business.
You want speed-to-market and that is the biggest thing because the faster a product gets to the market the lower the inventory costs.
The cost and speed factors are important parts of one of the largest growing segments of the logistics industry, which orders fulfillment.
Another way to gauge a logistics company’s qualifications is to see if it has any kind of certification, experts say. In fact, make sure the logistics company follows all regulatory requirements.
Right now, one thing that businesses need to be careful of is they need to look for stability. Businesses need to make sure it a stable and that their financial backing is sufficient.
The next step is to make sure the shipping company can fit the needs of the business.
Tips for choosing a logistics/shipping company
- Look for speed: Try to find a company that can deliver a product to the retailer or business the quickest.
- Check backgrounds and references: Get a list of the company’s clients and top executives and solicit testimonials from its customers.
- Make sure it’s certified: Check to see if the company is certified.
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