Third party logistics (3PL) involves outsourcing elements of supply chain management to a third party provider. 3PL providers can perform transportation, warehousing, distribution, and other logistics functions. Using 3PLs allows companies to focus on their core competencies while improving efficiency. There are different types of 3PL providers, including asset-based providers that use their own assets and management-based providers that coordinate using other companies' assets. Outsourcing to 3PLs has grown as companies seek to reduce costs and improve supply chain performance.
Logistics information systems is the combination of two disciplines: logistics and information systems. The manifestation can be two types as a course and a branch of logistics education.
Third Party Logistics providers play a major role in the supply chain management. The aggressive business market demands price reduction and an expanded technique and performance. Fourth-Party Logistics provider that outsources the management of logistics activities in addition to the implementation of the supply chain.
A brief overview of logistics management covering the following: the aim of logistics, components of logistics, major functions of logistics and the phases of logistics management.
Third party logistics providers typically specialize in integrated operation, warehousing and transportation services
&
Fourth party logistics (4 PL) companies serve as consultants who manage the relationship between the principal company and one or more 3PLs to make sure all operations are running smoothly.
Logistics information systems is the combination of two disciplines: logistics and information systems. The manifestation can be two types as a course and a branch of logistics education.
Third Party Logistics providers play a major role in the supply chain management. The aggressive business market demands price reduction and an expanded technique and performance. Fourth-Party Logistics provider that outsources the management of logistics activities in addition to the implementation of the supply chain.
A brief overview of logistics management covering the following: the aim of logistics, components of logistics, major functions of logistics and the phases of logistics management.
Third party logistics providers typically specialize in integrated operation, warehousing and transportation services
&
Fourth party logistics (4 PL) companies serve as consultants who manage the relationship between the principal company and one or more 3PLs to make sure all operations are running smoothly.
Third Party Logistics Market is valued at INR 78 bn in 2008; Estimated to reach INR 172 bn in 2012. The market comprises of two segments Asset-based 3PLs and Non-asset based 3PLs.
The report provides a snapshot of the market. An overview gives a quick picture of the market with estimated market size, growth rate and share of 3 PL firms in logistics industry. An analysis of drivers reveals that high cost of logistics in India, fragmented logistics sector, phased implementation of VAT, increasing geographical distribution of consumer markets, government infrastructure initiatives, growth in auto and retail sectors, and economic growth is driving growth in this sector. The key challenges identified include infrastructure congestion, lack of trust and awareness, and service tax.
The competitive landscape profiles the major players in this sector in terms of their business description. The report also provides details of the private equity investments and key developments in this sector.
Logistics Plus Inc. provides freight transportation, warehousing, global logistics, and supply chain solutions through a worldwide network of talented and caring professionals. As part of your team, we can look up and down your supply chain, identify the weakest links and repair them. With our trademark 3 1/2PL™ approach to 4PL solutions, we work as an extension of your logistics team to identify greater opportunities for savings in both money and time. And we do it all without increasing (or decreasing, if that is a concern) your staffing. Let us take on your transportation headaches, while you focus on what you do best: producing and selling quality products!
Supply Chain Management Basics: 3PLs - One Size Does Not Fit AllAngela Carver
3PLs are more difficult to clearly define than ever before. There is no one size fits all definition as every third-party logistics operation offers a varying product/service portfolio. While 3PLs were once limited to simply transportation and warehousing services, many portfolios now include global services, IT and value added services. Supply chain programs nationwide have done research regarding the state of the 3PL industry. A recent report from the University of Tennessee published an article detailing some of the top functions outsourced to third party logistics providers which included a list of over 30 business critical functions. The top three most outsourced are domestic and international transportation, customs brokerage and freight forwarding.
Outsourcing to 3PLs is a growing trend as it allows manufacturers and retailers to focus on core competencies. This is where finding a best-fit third party logistics partner is critical. Selecting a 3PL that can effectively perform required business critical functions can result in significant benefits for their partners. According to the UT report “Selecting and Managing a Third Party Logistics Provider Best Practices” the top six benefits most often realized when outsourcing to a best-fit 3PL include cost reductions (both current and future), improved customer satisfaction, global expertise, risk reductions and reduced startup capital investment.
The third party logistics industry is a complex one to navigate. This makes identifying a best-fit 3PL for your operation a complex task. Developing and executing a detailed RFP can be helpful in identifying top functions to consider and eliminate prospects that cannot meet your needs. Top industry experts recommend including technology capabilities, company culture, infrastructure, ease of relationship, KPI metrics and other intangible items in your custom RFP. This RFP process will help your operation to identify which 3PL fits the size and capability requirements of your operation, as one size does not fit all. Learn more about selecting a best-fit 3PL by contacting Datex experts at www.datexcorp.com , marketing@datexcorp.com or calling 800.933.2839 ext 243.
2016 #3PLStudy: The State of Logistics OutsourcingCapgemini
Over the span of 20 years, the Third Party Logistics (3PL) study has documented the evolution of 3PLs, which are shifting, in many instances, from tactical service providers to collaborative partners delivering a comprehensive suite of integrated logistics services. Additionally, providers have become more proficient at the provision of 3PL services, and customers have become better buyers and users of 3PL services. The study includes four streams of research: surveys, desk research, focus interviews and intensive, one-day facilitated shipper workshops.
The study, which is based on responses from more than 260 shippers and logistics service providers in North America, Europe, Asia-Pacific, Latin America and other regions, also looks at supply chain risk management and new competition within the industry. It is produced by Capgemini Consulting, the global strategy and transformation consulting brand of the Capgemini Group, Penn State University, the executive recruiting firm Korn/Ferry International and Penske Logistics, a global logistics and supply chain management provider.
To help document changes within the supply chain, the 20th Annual Third-Party Logistics (3PL) Study examines the global supply marketplace across a range of topics, including how shippers and 3PLs are aligning relationships, the 3PL competitive landscape and workforce innovating and agility.
John Pattullo, CEVA Logistics on 'How Supply Chain Innovation Can Drive Custo...eyefortransport
John Pattullo, CEO of CEVA Logistics speaks on 'How Supply Chain Innovation Can Drive Customer Value' at the 7th European 3PL Summit in Brussels, November 25th 2009.
To download all of the slides from the conference for free visit www.3PLsummit.com/eu_2009ppts
This lesson on Physical Distribution includes the nature and objectives of the Physical Distribution and also differentiated with Marketing Channels. This logistics management integrates parts of the managerial functions of warehousing, transportation and organizational responsibility of the marketer in the processing and inventory of orders.
The Important Things To Look For In 3PL Services In IndiaOnnsynex
To improve their supply chain operations, organisations are increasingly turning to third-party logistics (3PL) firms in the modern day. Businesses may take use of their many advantages, including affordability, adaptability, and scalability. Selecting a 3PL services provider may have a big influence on a business’s bottom line, whether it’s for expediting order fulfilment or optimising storage and transportation. Prioritising many factors is recommended for firms, ranging from regulatory compliance and technology skills to industry experience and essential services.
Logistics & supply chain management in IndiaRajat_upmanyu
India is the fourth biggest nation regarding Purchasing Power Parity (PPP) and establishes
one of the quickest developing business sectors on the planet. Globalization of organizations,
infrastructural bottlenecks, expanding risk on Supply chain organizations, shortening of
product life cycles and multiplication of product assortment have constrained Indian firms to
look past their four walls. They face issues identified with picking and working with the
correct supply chain partner (providers, clients and logistic service organizations),
encouraging trust among them and planning the correct arrangement of checking execution.
In this report, I’ll present a depiction image of logistics and Supply Chain Management
(SCM) rehearses in India. It is a result of the felt need by directors, Professional experts and
academicians to address logistics and supply chain rehearses at the public level.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
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This article provides a comprehensive guide on how to
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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2. Definition
• “Third-party Logistics is simply the use of an
outside company to perform all or part of the
firm’s materials management and product
distribution function.”
-- Simchi-Levi (2000)
3. THIRD PARTY LOGISTICS is an industry to which a shipper
(owner of transported goods) outsources various elements of
the supply chain to perform some / all logistics management
functions including inbound freight, customs, warehousing,
order fulfillment, distribution and outbound freight.
•Initiated in 1980s when companies began looking for opportunities to
improver logistics performance.
•FedEx drew attention to 3PL service by offering JIT delivery
•FedEx success in 3PL marketplace opened it up to competition
•Initially primarily domestic coverage, 3PL industry is now global in
character with a revenues approaching $150 billion in NA
Third Party Logistics DefinedThird Party Logistics Defined
4. Cont..
• 3PLs are external suppliers that perform all or part
of a company’s logistics functions, including:
– Transportation
– Warehousing
– Distribution
– Financial services
• Terms contract logistics and outsourcing are
sometimes used in place of 3PL.
5. Third Party Logistics
In-house Logistics
Department
Shipper
Transportation
IT
support
Warehousing
Others
In-house Operation
Outsourced
Operation
3PL
Shipper
Shipper
Shipper
Transportation
Warehousing
IT support
SC
integration
Others
7. Advantages & Disadvantages
• Advantages
o Cost reduction
o Focus on core competency
o Improved efficiency, service and flexibility
o Industry-specific application
– “build-to-order” systems and e-merchants
• Disadvantages
o Loss of control
o Impact on in-house workforce
9. Types of 3PL
• There are three types of third party logistics providers:
1. Asset Based – 3PL companies that use their own trucks,
warehouses and personnel to operate the client’s business
2. Management Based – 3PL companies that provide the technological
and managerial functions to operate the logistics functions of their
clients, but do so using the assets of other companies and do not
necessarily own any assets
3. Integrated Providers – 3PL companies that can either be asset
based or management based that supplement their services with
whatever services are needed by their clients
10. Third Party Logistics Provider
A firm which provides multiple logistics services for use
by customers.
These services are integrated or “bundled” together by
the provider.
These firms facilitate the movement of parts and
materials from suppliers to manufacturers and finished
products from manufacturers to distributors and retailers.
Among the services which they provide are
transportation, warehousing, cross-docking, inventory
management, packaging and freight forwarding.
15. 10 Commandments of Outsourcing
1. Develop a strategy for outsourcing
2. Establish a rigorous provider selection process
3. Clearly define expectations
4. Develop a good contract
5. Establish sound policies and procedures
6. Identify and avoid potential points of friction
7. Communicate effectively with your partner
8. Measure performance and communicate results
9. Motivate and reward provider
10. Be a good Partner
17. FY 2003 Fortune 500 Global 3PL
Gross Revenues by Industry
Consumer
Products, $2.20
Healthcare
$2.80
Food $6.40
Insdustrial $18.8
Other $2.90
Automotive, $26.7
Technology $22.20Retailing $16.20
Automotive Technology Consumer Products
Retailing Health Care Food
Industrial Other
18. Costs stated in Billion's of Dollars
Customers of 3PL’s
Industry Global
Costs
Domestic Costs
Automotive $98.2 $37.4
Technology $156.4 $77.4
Retailing $98.6 $67.2
Consumer Products $13.6 $13.3
Food and Grocery $32.2 $27.8
Healthcare $38.4 $34.0
Industrial and Elements $179.7 $84
Other $63 $25.3
Total Costs $678.3 $366.3
19. Customers of 3PL’s
Percent of Fortune 500 Companies Using 3PL’s
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
1-100 101-200 201-300 301-400 401-500
2002
2003
20. Need for Collaborative
Relationships
• Supply chain relationships are most
effective when collaboration occurs.
• Collaboration is facilitated by the ability of
the supply chain partners to readily access
and exchange information over the Internet.
22. Current State
-- Service Offerings
• Dedicated Contract Transportation / Transportation
Procurement
• Inventory Management
• Logistics Management and Consulting
• Freight Audit and Bill Payment
• Customs Services
• Shipment Tracking and Tracing
• Reverse Logistics and Value-added Services
23. Buyers of 3PL Services
Customer # of 3PL’s Used
General Motors 37
Wal-Mart Stores 33
Ford Motor, HP 27
Procter & Gamble 20
General Electric 17
Georgia Pacific, IBM 16
PepsiCo, Sears 13
Coca-Cola, Sara Lee,
Target, Xerox
12
General Mills 11
Delphi, Safeway 10
24. Services Provided By 3PL’s
Transportation
Mgt
21%
Private Fleets
7%
Intermodal
4%
Warehousing
21%
Value Added
20%
International
9%
Integrated
9%
Other
5%
Lead Logistics
4%
25. Industry Evolution
Third Generation
( 2000 and beyond)
First Generation
(1970s - 1980s)
Second Generation
(1980s - 1990s)
Broader more integrated services
• Transportation / warehousing
• Freight forwarders / brokers
• Shipper’s agents
• Non asset-based companies
• Asset-based companies increased
service offerings
• Online freight marketplaces
• Web-based 3PLs
• Increasing supply chain integration
Many 3PL’s grow from a single discipline, but the buyers want turn key, multi functional capabilities. It is no longer valuable to simply manage the truck linehaul. 3PL’s are supply chain managers who move and monitor goods from Asia to Alpheretta, GA, managing cost, service and information, every step of the way.
Source Armstrong and Associates This list of 10 ten providers is interesting in that Ryder may be the largest but their revenues are not from trucking alone. Excel is dominent in the warehouse and value added area, but they must also package the movement of goods from start to finish. While UPS may be the largest carrier in the shipping business, they are not the largest 3PL