Retail Ready Service (RRP) at Draco
We can help get your product to market assembled, filled and ready for customers!
At Draco, we have the ability to assemble your floor displays, load them with product and have them staged for pickup as a finished product…ready for customers. Once delivered, all you need to do is move them on to the sales floor.
Contact us now to so we can help get your products to market in time for the Holiday Season!
Take a look at the new Draco 3PL…same reliable Draco, just a new look!
Draco 3PL welcomes the Verizon Indy car series to Indianapolis
The Indianapolis 500 is the world’s most famous and prestigious auto race. It has taken place annually since 1911 at the Indianapolis Motor Speedway except for 1917-18 and 1942-45 during America’s participation in world wars.
“The Greatest Spectacle in Racing” covers 500 miles, 200 laps on the famous 2.5-mile oval. It currently is the marquee race on the schedule for the Verizon IndyCar Series, the premiere open-wheel racing series in North America.
The “500” is the world’s largest single-day spectator sporting event.
Draco 3PL can help reduce costs for our clients by offering product packaging here in our 100,000 square foot facilities. Integration of warehousing, packaging, pick and pack, order fulfillment and distribution within one facility provides several key benefits:
1) Overall cost reductions
2) Fewer touches by vendors
3) Lowering Freight costs
4) One vendor, One contact
We’ve all been in a store or have seen news stories on when a major product recall is being announced. Imagine you are a company that has to relocate and obtain hundreds to thousands to millions of products, all the while trying not to plummet your profits or ruin your business’s reputation. Sound like a nightmare? It is. Sadly, for many companies this horror comes true, and often enough many companies struggle to find a way to survive and make it out of the business still alive.
Through crisis management, a strategy can be developed, tested, and implemented when needed, to help handle the logistical web of relocation, obtainment, and fixing of the product during a recall. The best part is, there isn’t an immediate need to call up and hire a full PR or HR staff. Instead, you can look towards a 3PL provider to help you get started. Often enough, they will have the technology, resources and experience to help your company through a crisis.
Like eating healthy and going to the doctor, the best way to prepare for the product recall is to simply prepare. Do your research and find a 3PL provider that can help you develop a strategy that can be implemented in the blink of an eye in case of a major crisis. Test and tweak it until you, the 3PL staff, and your employees feel comfortable if such a recall would to occur. Finally, look into investing in recall insurance. Like home and auto, it’s better to be safe than sorry. Recall insurance can potentially cover the large costs of 3PL, customer notification, shipping and the disposal of the damaged goods.
Having a tested and strong crisis management plan can be an opportunity. It could strengthen communication within your company culture, your 3PL provider and give you ease of mind knowing your company is ready for the worst-case scenario.
Overall, a 3PL service can help in receiving, shipping, and even fixing a recalled product with little to zero business interruption. All it needs is a collaborative effort from both parties to help build a strategy best for your company. As we all know, you never know what could happen tomorrow, and the best way to be prepared is to be ready for it––today.
Business has always been about paperwork. Stapling, printing, stamping, and signing were all parts of the purchasing process. Nowadays, this process has been almost completely digitalized and automatized. Thus eliminating the many errors that would occur from the handing off and processing of purchase orders and returns. What caused this change? EDI, short for electronic data interchange.
EDI is a technology that most of the business world uses for their business transactions including shipping, distributing, purchasing, and the dreaded return. Beginning in the 1960’s, at the start of the computer age, EDI was simply small data transfers from computer to computer. Major improvements occurred throughout the next twenty years as file sizes increased and the railroad industry gave major funding for research and innovation. By the end of the century, thanks to the development of the Internet, automotive, air, and major corporations were now all on board for using EDI to streamline their purchasing and shipping information.
In the past, before EDI, businesses had to wait days upon days for confirmation of their orders and shipments. It was also placed upon the business’s responsibility to manage and track their shipments, noticing any mistakes hopefully before it was too late. Today, the company client can track their orders through a 3PL provider, who retains all of the information. Businesses and service providers have access to all of this information in real-time through EDI portals. Now orders, returns and shipments are received and available for view within moments. Error frequency has also been almost completely eliminated because of everything being electronic, automatic, transferred through system standards.
So what does this mean for you as a company and potential client? It’s simple. Using a service that allows your data to be processed through EDI will streamline your business. Fewer mistakes, faster transactions, and ease of mind will all happen because everything goes as plan. You can stop constantly tracking and checking up on orders, making sure you have all the right paperwork, and wasting precious time. Thus allowing you to go back to what you do best: building your business.
In 2011, improving visibility was one of the top projects undertaken by logistics companies. In short, logistics visibility is the development and method in which clients can be a viewer to the whole system. They become a spectator, and in a way, an overseer to each 3PL service. Clients want to understand how their product is doing at all stages of service. It is not because clients want to have full control or are obsessive over their inventory, but rather that a service that becomes transparent allows flexibility and adaptation. Below we will talk about why visibility is important and its benefits.
In 2000, the big boom of logistics began to occur. Technology was blossoming and service was quickly speeding up. Clients had shorter timelines and more on the line with their products. Demand in commerce meant more demand from their service providers, with service providers being logistics companies. Prior to this big explosion of commerce, technology service, especially within logistics, was kept secretive. Companies had to invest trust into their provider in order to participate. On the other hand, that meant the 3PL service had to always deliver and always voice back to the client that “Everything is going great.” But what if it wasn’t? What if their product was mislabeled or they actually needed two hundred shipped instead of fifty? This is when visibility becomes crucial. Having the technology that allows clients to see their product’s progress at all stages gives them the reassurance that everything is okay, and if it isn’t, it is fixed immediately.
The benefits of visibility are simple. It creates reliability, trust, and promotes efficiency. More importantly, it helps meet the high demand within logistics. Prior to having this technology, problems were found often too late. But now, with technology like real-time barcode scanning and web portals to access their products information, problems show themselves right as they happen. It is important for logistic services to adopt visibility within their company because it shows compassion to their clients. An understanding that tells clients, “We know what it’s like, so we want you to be a part of it.”
At Draco, we love that our clients become a part of the process, and we thrive on it. It pushes us to work harder and builds our client relationships stronger. Contact us and learn more about our supply chain management solutions and 3PL services. We can walk you through our technology systems and show you how we can work together, with a transparent process, every step of the way.
The words “logistics” and “supply chain management” can be confusing to those who really don’t know what they mean even though both terms affect almost every facet of our lives everyday. Simply defined, logistics means to get things where they need to be when they need to be. Time and place are major factors to logistics. On the other hand, supply chain management involves satisfying the customer and manufacturers needs by developing an organized way to manage the production and movement of goods. Most people believe that these terms are only associated with industrial equipment and factories, but in fact it applies to most everything, even something as simple as a pencil.
Look around you. If you see pens, papers, a computer, or a cup you are also looking at logistics and supply chain management. All of those items, even though simple in form, are part of a much more complex process. Take a look at the pencil. It’s made of wood, has lead, and an eraser. Each one of those aspects of the pencil has a trail of processes behind it. The wood has to be cut down, shipped, processed, shipped again, cut into a pencil, then packaged and shipped once more. All of those steps take careful organization and planning––services that logistics and supply chain companies thrive in. When these processes are well planned, it both generates profit for the manufacturer and drives cost down for you, the client. So the next time you pick up a pencil to jot down a note, think about what would happen if there wasn’t an organization involved in keeping the costs down to bring that pencil together. Hello $300.00 pencil!
Keeping things running smoothly and efficient is not just about shipping your product out on time. It’s also about keeping the business wheel balanced and alive. Businesses need to make a profit. It is all about equilibrium and supply chain management and logistic services that can help any business, big or small, achieve their company’s goals. Let Draco help you achieve those goals. Talk to us about your supply chain management processes today.