28 Jun 3PL, Third party logistics, even more critical than ever
Supply chain refers to the network between the suppliers and buyers of any company. The company and the supplier caters to the demands of the buyers. This is not an easy process; it takes a lot of time. This process involves various activities, institutions, people, data and of course, many more resources.
3PL offers a wide range and most of the time companies opt for third party logistics outsourcing.
Reduces cost-3PL Logistics Company is more capable of negotiating with carriers on your behalf. They may get a better price depending on the volume and order frequency.
No longer investing capital -Having your own logistics section can mean a huge investment. Also, due to fluctuations in the market, you can also make big losses at times.
3PL or third party logistics providers allow you to outsource your logistics functions, such as:
- Transportation
- warehouse Management
- inventory management
- Picking and packaging
- order Fulfillment
- Freight and much more.
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