Running head: LOGISTIC MANAGEMENT
A third-party logistics provider, abbreviated 3PL, is a company that offers a one-stopshop service to its clients of outsourced logistics services for part, or all of their supply chain
management functions (Chen, Goan, Huang, 2011). These are companies that offer any number
of services that have to do with the logistics of a chain of supply. The logistics services comprise
but not restricted to transportation by sea, air, or land, warehousing, logistics planning along with
value-added services like labeling or packaging. Most 3PL operations in Europe still have to be
designed on management, dangerous goods management, and offshore logistics. Generally, 3PL
firms hardly have their warehouse or transport assets, given that they match the supply and
demand for logistics services through customization and aggregation. Firms employ third part
logistic dealers to manage their logistic processes within a productive and cost-effective manner.
Moreover, the third-party logistic firms may control a single entity or a horde of different supply
chain procedures in a corporation.
15 Million Students Helped!
Sign up to view the full answer