Third-Party Warehouse Inventory Management

Companies navigate many challenges to maintain optimal inventory levels and meet demand in today’s highly competitive business landscape. Warehouse inventory must be efficiently managed; one way to stay ahead of the competition is by partnering with a third-party warehouse. Businesses often choose a third-party warehouse over an in-house team to reduce expenses, increase efficiency and accelerate operations.

Third-Party Warehouses Can Provide Accurate Inventory Tracking

Leveraging technology to automate inventory tracking allows for accurate inventory levels. Tracking is crucial for companies to maintain adequate stock levels and minimize the risk of overstocking or running out of stock. Inventory count errors can become a huge roadblock; miscounts create problems at all stages of order fulfillment and warehouse management.

With the right third-party warehouse partner, your company can comfortably outsource the responsibility of inventory management. “Cycle counting” ensures the customer’s inventory is tracked as accurately as possible, by physically counting inventory and comparing it to recorded quantities. This helps identify any discrepancies, find improvement opportunities and allows customers to track inventory accurately and make informed decisions at any stage of the product’s journey.

Fulco Fulfillment Inc. (FFI) tracks product information like the SKU, description, location, minimum understock levels and pricing. All of this data is stored in barcodes on printed labels. Fulfillment warehouse staff scans items for accuracy of customer orders.

Third-Party Inventory Management Utilizes Good Warehouse Layout

Warehouse layout impacts business efficiencies. Assessing our warehouse space and ensuring each point of the fulfillment process has logical, well-stocked workstations reduces touch points and the number of steps our team needs to complete the picking and packing process. Figuring out the fast movers and strategically organizing the warehouse inventory so these items are the easiest to get also improves pick time.

Good Storage Impacts Efficiency

How inventory is stored in a warehouse can significantly impact the picking and packing process and the overall efficiency of warehouse workers. FFI organizes storage space with clearly marked bins, labels, and racks to help pickers locate items quickly and reduce mistakes. FFI’s robust warehouse management platform makes these activities more efficient and reduces the risk of errors and bottlenecks. Our customers use their online portal to the Order Management System (OMS) to access a quick, digestible view of inventory.

Another benefit of outsourcing inventory management is its flexibility for storage space and handling. When you partner with a 3PL, you can easily scale up or down as needed without worrying about your in-house warehouse capacity, software limitations, or employee availability.

Forecasting for Increasing Demand with Warehouse Inventory Management

Effective inventory management is crucial for companies. Although it is difficult to predict customer demand, it becomes easier with a warehouse management system. Forecasting demand can be done by tracking stock movements using warehouse inventory systems and physical inventory. You can set inventory thresholds to re-order and replenish stock when needed. Using FFI’s OMS, checking on a product’s history by month or season is simple.

Using a proactive approach and forecasting demand helps FFI’s customers manage their inventory more efficiently, reducing the risk of overstocking or depleting stock. The OMS continuously receives data from your sales channels and ordering platform. It reports on inventory levels, sales trends, cost of goods sold, and provides tracking of freight. The WMS can use this data to adjust reorder points, signaling when it’s time to replenish stock.

Managing Returns with Fulco Fulfillment

Organizing returns management and tracking is crucial to maintaining accurate inventory levels. FFI’s OMS utilizes the software’s integrated returns management features to track returned items and update inventory levels. We maintain transparent and timely communication with customers about their returns, increasing customer satisfaction.

Strategic Inventory Management Leads to Success

Optimizing inventory is a delicate balance, especially during peak seasons. At its most basic level, inventory management refers to monitoring the items a business has on hand. It includes ordering, replenishing, sorting and forecasting inventory. Businesses must ensure they have sufficient stock to meet increased demand without excess inventory after the peak subsides. Demand forecasting, safety stock management, and real-time inventory tracking ensure the right balance.

Fulco Fulfillment Inc. Provides Excellent Inventory Management

Outsourcing warehouse inventory management to the right third party ensures that the complex blend of techniques, technologies, and training will all be leveraged for your business. It’s an advantage that can lead to significant benefits. Contact Fulco to get started at 973 361 1700 or fill out our contact form.

How We Handle Product Version Control

Product version control and expiration tracking are paramount details for meeting unique business requirements. Luckily for our clients in the healthcare industry, Fulco Fulfillment Inc (FFI) has software with sophisticated capabilities that supports tracking expiration dates on regulated products.

Organizing inventory according to expiration date is not only extremely important for healthcare companies, but for financial and manufacturing customers too. Product version control is the process we use to identify and track major or relatively minor revisions and version changes made to any kind of product. Using settings defined by our customers’ business parameters, we make it easy to aggregate goods based on their lot, expiration date, or version.  

Product Version Control Relies on First In, First Out

Every version of a product is assigned a sequential number. The FFI order management system (OMS) automatically funnels through these numbers from the top down, until it finds the current version, otherwise known as FIFO (first in/first out). Inventory rotation can be set as FIFO or FEFO (first expiring/first out) which captures serial numbers. Another feature our system offers is the ability to turn versions on or off.

Think about your everyday visit to the store, and you’ll see the FIFO method in practice. When an employee restocks products, they put the newest inventory items on the back of the shelf and the oldest inventory in the front. That makes it more likely that all the stock will be sold before the product expires.

FFI uses the FIFO model for physical inventory flow in order to rotate incoming inventory. Stockers place newer items at the back of the shelf and move the older ones to the front. When a customer places an order, the picker will pick the older stock from the front of the shelf, so inventory moves out in roughly the same order in which the warehouse received it.

When the order for the product is fulfilled, the correct product version is picked, packed, and shipped. For example, the OMS sees your product as a bottle of vitamins, but the warehouse management system (WMS) sees it as two separate products, or two separate versions. Each of these versions have a distinct SKU (stock keeping unit). When an order is placed for the bottle of vitamins, the OMS will automatically select its current version. Picking and packing will be performed with confidence knowing that the most current bottle of vitamins is shipped to the consumer.

Since successful inventory management comes from traceability, we keep careful inventory of how many units of each SKU remain in our distribution center. If the expiration date passes, you will receive an alert from FFI’s OMS. You can then decide what to do with the spoiled inventory in our warehouse. Customers can choose to return the product, destroy the product, or do something completely different. Ultimately we want to see our customers succeed with up to date and accurate product version control.

Trust FFI with Your Product Version Control

We understand how important it is to keep your stock of products up to date so consumers aren’t receiving expired or old products, and you’re meeting your regulation requirements. You can trust our sophisticated software and your dedicated Customer Service Representative team to faithfully serve your account. Your team is composed of professionals who understand your business and can address urgent needs immediately. Contact FFI to learn how we can make product version control a breeze. 

Technological Factors to Consider When Choosing a Fulfillment Center

When considering outsourcing a fulfillment center, companies search for a technologically compatible fulfillment partner. They want a company that can deliver seamless and integrated fulfillment, logistics, and supply chain solutions. Technology allows all of this to happen in a cohesive manner and allows customers to view and interface with data online. Fulco Fulfillment, Inc. (FFI) is a leader in e-commerce fulfillment. We support our customers’ online visibility with control and easy-to-use technologies by aligning our technical services to meet their business objectives.

FFI delivers a powerful suite of solutions including:

  • real-time reporting with live access to data
  • custom distribution wireless scanning solutions
  • easy e-commerce integration options

Real Time Custom Reporting For Fulfillment and Access to Data

Around the clock access to real-time data is an essential part of fulfillment. At FFI, customer reports can be automatically exported from our order management system and forwarded to the relevant decision maker. Accessible reporting captures data and allows users a password-protected login to view classic reports and data sheets, including:

  • Order Reports
  • Product Reports
  • Offer Reports
  • Shipping Reports
  • Territory Client Structure Reports
  • Product History Reports
  • Products Shipped
  • and much more

Empower your sales and marketing team while maintaining control over brand assets

Without the proper tools, managing sales force logistics can be extremely challenging. FFI enables literature fulfillment customers to automate the decision making associated with collateral distribution while limiting the need for manual review of orders. Sales and marketing managers can automatically control/limit recipients’ access to products. They can set-up product-specific and budget-based controls. Order limits can be set by access levels and approval management is available for rush/expedited shipments or even restricted products.

For fulfillment clients, peace of mind is having a partner with a state-of-the-art warehouse management system which includes inventory email alerts and lot code / serial tracking capabilities. While product version / lot tracking products may be modified or changed over time, these changes are easily tracked by a Version ID—giving clients the ability to define versions and set parameters in the OMS which dictate how versions are handled.

E-commerce Integrations for Inventory and Warehousing

As a warehousing, inventory, and order management company, we’ve learned through working with e-commerce customers that there isn’t a one-size-fits-all solution to data transfers. One thing is for certain though: there are better ways to transfer and share data between systems other than entering it by hand. For example, CSV (comma-separated values) files are one way. A CSV is a universal file type that many systems support and merchants feel comfortable managing when it comes to exporting and importing text files of their data between systems.

Ease of integration is an important benefit for companies outsourcing fulfillment.

Indeed, some systems require CSV as an alternative to an API or a direct database connection because file-based integration allows data to be passed between different databases or operating systems, without necessarily connecting directly to them.

And since CSVs are plain-text files, it’s easy for a web developer or other members of the team to create, view, and validate the data as a spreadsheet. All you need is a header row at the top and subsequent rows of data, which can be manipulated and easily shared across different systems.

There are several cases where transfer via CSV order files has proven very useful. However, APIs have emerged as a newer way for two systems to communicate or integrate with each other. APIs are a great solution for many use-cases, but they are not the only solution. There are several cases where a transfer via flat files has proven very useful, as well.

API Systems Integration

An API (Application Program Interface) is a set of code that allows two software programs to communicate with each other, creating a streamlined and paperless flow of goods from receiving to shipping. Using code, an API spells out a standard, predictable way for a developer to write a program requesting services from another system or application.

Veracore, FFI’s order management system, integrates with numerous platforms via real-time API or batch mode order integrations with both web-based and legacy platforms. For example, Veracore’s shopping cart and marketplace integrations include:; Ultracart, BigCommerce, Shopify, Volusion, Magento, and WooCommerce.

As an alternate option, FFI also partners with DropStream. This partnership allows FFI to provide our e-commerce customers with automated integrations to over 60 e-commerce systems, including online shopping carts, marketplaces, and ERPs. DropStream allows our customers to be totally connected to these integrations and automated order fulfillment workflows. E-commerce orders are imported directly into our Warehouse Management System (WMS), and tracking numbers are exported directly to our e-commerce client’s online shopping cart.

In summary, e-commerce customers can receive orders via three different ways:

  1. shopping cart integration
  2. upload an order file (CSV)
  3. manual order entry

Custom Distribution Wireless Scanning Solutions for Order Fulfillment

With time-saving mobile barcode readers, accuracy and streamlined shipping of e-commerce purchases are greatly improved. Barcode scanning verification and wireless scanning pick-and-pack services read a pre-printed SKU (stock keeping unit) or barcode appearing on each inventoried product. Each product is given a unique SKU which helps minimize errors and automatically updates the inventory system as goods are shipped. This eliminates manual changes and physical counts which waste valuable production time. For e-commerce clients, the real-time updates from the scanner to the order management system (OMS) helps them maintain real-time visibility and a more accurate inventory.

Choose a Fulfillment Provider that You are Technologically Compatible With

Fulco Fulfillment, Inc., works with e-commerce businesses of every size, with a wide variety of product profiles and pick-and-pack demands. We’re used to handling difficult circumstances and exceeding expectations by helping our clients fulfill their client promises and delivery demands. To learn more, contact us.

Third-Party Logistics (3PL): Because Logistics and Supply Chain Management Matters More than Ever

There are many reasons why turning over your company’s logistics and supply chain management to a third-party logistics (3PL) provider makes total sense. Chief among these is that it lets your company do what it does best: make and sell products rather than distributing, warehousing and fulfilling orders. That’s what Fulco Fulfillment, Inc. does better than anyone.

Fulco Fulfillment, Inc. is the 3PL of choice for some of the largest, most widely recognized companies in the world. We support leading industries where fulfillment, warehousing, sales force distribution, kitting and other services are keys to success, including pharmaceuticals and healthcare, ecommerce, manufacturing, education, and many more.

We are a conduit for our customers to large networks of resources enabling them to take advantage of our complete solutions for assembling, packaging, warehousing, distribution and transportation support. Working from a 161,000 sq. ft. fulfillment center in Dover, NJ, Fulco Fulfillment, Inc. provides:

  • Unparalleled supply chain management experience
  • Faster turnaround
  • More cost-efficient assembling, packaging, warehousing and distribution
  • Wide-ranging resources to support every distribution initiative
  • Scalability and flexibility, and more.

An experienced 3PL can make all the difference in your logistics performance.

Are you certain that your internal logistics department has sufficient access to all of the modern resources and relationships that have been cultivated by Fulco Fulfillment, Inc., an organization that specializes in streamlining supply chain management 24/7/365? If not don’t worry, you’re not alone. In fact, we help our clients leverage our expertise and the relationships we’ve built to access volume discounts that can lower overhead costs and enact faster turnaround.

Consider the benefits of outsourcing your logistics to Fulco Fulfillment, Inc.

Better supply chain management, convenience and cost savings are just a few of the initial benefits offered by Fulco Fulfillment, Inc. But there’s much more:

  • Expertise. We have the organizational experience and depth of knowledge that far surpasses your internal fulfillment operations. For over 20 years we have been fine-tuning our logistics and supply chain management services so that you can realize the greatest cost efficiencies.
  • Dedicated service manager. Fulco Fulfillment, Inc. will assign you a dedicated client service manager who can guide you through everything from figuring out the filler material and the box best suited for an order, to packing and dispatching your orders in a timely manner most considerate of your budget.
  • IT systems. Our data management systems are unparalleled, including order management and warehouse management systems that are constantly updated and adapted to match the requirements of your business and its suppliers.
  • Space saving. Free up your warehousing and shipping/receiving space as well as the clutter inherent in these operations for more billable business activities. By moving these services to Fulco Fulfillment, Inc., you’ll save time and money as you grow your business.
  • Save on postal and freight services. We will present you with the best way to save money on postage and shipping charges, such as taking advantage of zone skipping when shipments allow.
  • Crunch times or seasonal slowdowns, we’re ready. Fulco Fulfillment, Inc.’s services are highly scalable, meaning you’re not locked into costs that can stymie flexibility during off-season, holiday, or transitional periods when business ebbs and flows.
  • Focus on what you do best. Our logistics services allow your company to focus on your core business, leaving the fulfillment, inventory management, pick, pack and ship to us.
  • Packaged your way. You don’t need to sacrifice the quality of your branded packaging. Fulco Fulfillment, Inc. ensures the quality of your packaging is maintained always.

Why choose Fulco Fulfillment, Inc. for your 3PL?

The better question might be: why wouldn’t you choose us? For beginners, we have the business volume, references, past performance and technology that are proven to be unsurpassed in the industry. Our problem solving and client communication skills are key attributes that help us deliver for our clients every day.

We understand that every client’s expectations are constantly evolving and we pride ourselves on meeting those expectations head on. As a highly reliable 3PL partner to our clients, we can handle your business volumes no matter how large or small your business is and how much you need stored, packaged, and shipped. Furthermore, we are expert planners and can easily maintain our day-to-day operations no matter whether your product numbers go up or down.

Our references speak for themselves.

Much of our business comes from referrals, which means we must be doing something right! We understand with each referral we receive there is a client on the other end who is putting their reputation on the line, and so we dedicate ourselves to protect that client in everything we do. We strive to be an excellent asset to our customers and to help them build their businesses with every project undertaken.

Do you require a 3PL you can count on? Choose Fulco Fulfillment, Inc.

We invite you to come visit our offices and 161,000 sq. ft. fulfillment center, conveniently located nearby routes 80, 287, 280, 78 and 46 in Dover, NJ. You’ll see for yourself how well-organized, detail-oriented fulfillment services and warehousing can have an immediate impact on your sales and marketing processes. To schedule an appointment, call 973.361.1700.

A Fulfillment Center in NJ Combining Fulfillment, Warehousing and Distribution for Efficiency and Cost Savings

Outsourcing your fulfillment, warehousing and distribution operations to Fulco Fulfillment, a fulfillment center in NJ, relieves the pressures associated with setting up a multifunctional system of your own. That’s why many CPG and OTC companies, online retailers and specialty suppliers choose Fulco Fulfillment for their fulfillment, warehousing and distributions needs. Our management and experienced customer service teams know which questions to ask to quickly learn about your business. Whether your business is a Fortune 500 company or a start-up, our fulfillment center in NJ can solve whatever challenges your business has when it comes to fulfillment, warehousing and distribution.

How can outsourcing to a fulfillment center in NJ benefit your business?

Fulco Fulfillment Inc. has provided fulfillment services to customers in a wide variety of industries since 2001. We offer a comprehensive blend of supply chain logistics services which include proven expertise in warehousing, distributions and transportation management. We can receive your online fulfillment order and consolidate and streamline your fulfillment and shipping processes in order to:

  • Reduce fulfillment, warehousing and distribution operational costs
  • Improve inventory control
  • Track your operations and avoid problems

Our fulfillment clients benefit from the robust reporting that our Order Management System (OMS) offers. In addition to this, our knowledgeable team of fulfillment experts will track your inventory from the receipt to the distribution through the pick ‘n’ pack process and all the way to shipping.

Reduce fulfillment, warehousing and distribution operational costs NOW

The most obvious benefit that drives lower costs is that every aspect of your fulfillment is professionally handled under one roof. Our fulfillment center in NJ has over 148,000-square-feet of warehouse space in Dover NJ, which is centrally located to points throughout the mid-Atlantic and New England with easy access to Routes 80, 287, 46, and Route 10.

At first glance switching to a new center can seem costly, but the cost savings of having everything in one place far outweighs the costs associated with finding your own storage and fulfillment space, leasing and maintaining your automation equipment, and hiring and managing staff, to name a few.

Improve Inventory Control

Many retailers and large businesses have separate inventory-tracking systems in their fulfillment and distribution centers as well as their physical store locations. This data generally does not synchronize correctly or as fast as management would like, which can make tracking your inventory levels in real time extremely difficult. This can frustrate your team as well as your customers. Fulco Fulfillment’s state of the art Order Management System offers you improved inventory management capabilities. You’ll know at a glance where your inventory stands and how it’s moving off the shelves. This can help you avoid overstocks as well as shortages so you can make on the spot adjustments to meet product demand.

Furthermore, there is no more effective support system for your sales force than Fulco Fulfillment. As our valued customer, you can set the allotments by product or budget and set restrictions as necessary. Alerts are triggered automatically when your inventory is below the established minimum levels. All alerts are sent straight to you when your supplies are reaching low levels so that you can be sure all of your products will be in stock and ready to ship as they are ordered either by your sales team or direct by your customers.

Track your operations and avoid problems

When your fulfillment, warehousing and distribution is managed at a single facility, you will have an all-encompassing view of the entire operation and be immediately able to pinpoint potential issues and resolve them before they become a bigger problem. For instance, if your fulfillment operation is currently in the middle of an unexpected influx of orders, you will be able to easily move workers from the distribution side to help the fulfillment team. On the other hand, if your physical stores begin to experience a shortage of inventory you can move the product from the fulfillment side to the distribution area to alleviate the shift.

Bring it all together … Bring it to Fulco Fulfillment Inc, a fulfillment center in NJ

In order to be successful in the competitive e-commerce space in the Northeast, retailers need a trusted fulfillment center in NJ. We are incredibly flexible and can manage inventory for everything from pharmaceutical sample programs to online consumer purchases. Combining your fulfillment and distribution operations into one centralized location may be your best opportunity to control costs, inventory management capabilities, facility locations, future growth and staffing needs.

Trust Fulco Fulfillment Inc. We want to help support your organization so you can produce record results. And, no matter how large you may grow, we’re ready to scale along with you. To learn more, give us a call at 973-361-1700 or fill out our form and we’ll contact you.