Logistics management is one of the critical factors that determine the success of any business. However, there are still some myths about logistics that dissuade retailers from availing the services of third party providers. But believing in them will only hamper the growth of your business. Here are three such common myths about logistics and why they are not true.
Logistics will cut into your profits
The mantra for a successful business is to minimize cost and maximize profit. Hence many think that hiring a third party logistics provider to handle the logistics needs of the company is unnecessary, as they would have to pay for the services, which will reduce profits. This is as far away from the truth as it could be. Logistics companies provide improved efficiency by streamlining the movement and delivery of goods. Apart from that, they offer proper warehousing and storage facilities which ensure that your products are safe and available for customers on demand, which means greater profits. The money that you would spend on a logistics partner is thus nothing short of an investment.
Logistic companies offer â€˜one-size-fits-all solutions
This is a common misconception that logistics providers offer the same solution to all kinds of businesses. It might have been true once but with changing times logistics companies have also realised that customised solutions are the best for customers. Hence, before offering a logistics solution, they look into several factors like the size of your business, your network, and the like, and provide solutions that are designed to fit your specific requirements.
You can handle your own logistics
Logistics look very simple on the surface, and this leads many to think that they can handle their logistics needs all by themselves. But logistics involve a number of procedures and processes that are not only complex but time-consuming as well. Though you can handle certain aspects like transportation, having a logistics partner means greater visibility and timely delivery of products which dramatically improves customer satisfaction and augurs well for your business.
Logistics providers exist to take care of your warehousing, storage, and shipping woes. So why not let them do what they do best while you focus on making your business thrive?