This document discusses third party logistics (3PL). It defines logistics and supply chain management, explaining that 3PL involves outsourcing elements of distribution, warehousing, and other supply chain services. The main types of 3PL are warehousing, transportation, distribution, and shipping/receiving. Outsourcing can be transactional, tactical, or strategic based on the length of contracts and integration between companies. Using 3PL provides benefits like scalability and leveraging expertise, but also risks like hidden fees and less control over processes.
This is a Mini Project on Third Party Logistics (3PL). I covered important information including meaning of 3PL,its types . Advantages and Disadvantages.
This is a Mini Project on Third Party Logistics (3PL). I covered important information including meaning of 3PL,its types . Advantages and Disadvantages.
Meaning of Logistics and Logistics Management, Logistics Management to Supply Chain Management, Decision areas in Logistics; Key Players in Logistics; Role of Logistics in (a) Supply Chain, (b) the Economy, (c) the Organization; Role of Government in Logistics; Classification of Logistics Applications.
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Right Third-Party Logistics Provider - How to ChooseUnited Ravens
Choosing the right third-party logistics provider is a critical decision that can significantly impact your business operations. We will learn about 3PL providers, how they work, the services they offer, and how to choose the right third-party logistics provider.
Right Third-Party Logistics Provider - How to ChooseUnited Ravens
Choosing the right third-party logistics provider is a critical decision that can significantly impact your business operations. We will learn about 3PL providers, how they work, the services they offer, and how to choose the right third-party logistics provider.
Meaning of Logistics and Logistics Management, Logistics Management to Supply Chain Management, Decision areas in Logistics; Key Players in Logistics; Role of Logistics in (a) Supply Chain, (b) the Economy, (c) the Organization; Role of Government in Logistics; Classification of Logistics Applications.
Enhance the transparency in your product for increased customer trust and interest with Blockchain solution for beef. Blockchain for beef business from experts offer real-time, continuous traceability of products, literally from farm to fork. Get Beef industry blockchain to easily scan a product and trace back with precision and accuracy to source in seconds.
Traceability Of Seafood In Blockchain to restore trust and reliability enhancing the attraction and interest of the end customers.
Blockchain Based Seafood Traceability from specialists to improve the consumer's confidence in the fish farming industry.
Get custom Blockchain Seafood Traceability based seafood data ecosystem designed specifically for the global seafood industry.
Seafood In Blockchain for decentralised network updated in real time containing valuable information that a physical label never could.
Ensure tamper-proof data in the meat supply chain with the embracement of Meat Supply Chain Blockchain solutions. Advance with Blockchain For Meat Industry by adding traceability for consumers and allowing producers gain trustworthiness.
Adopt Blockchain In Pork Industry, where a decentralised ledger allows supply-chain-wide visibility of product flows.
Seafood In Blockchain for decentralised network updated in real time containing valuable information that a physical label never could.Get custom Blockchain Seafood Traceability based seafood data ecosystem designed specifically for the global seafood industry. Blockchain Based Seafood Traceability from specialists to improve the consumer's confidence in the fish farming industry.
Seafood In Blockchain for decentralised network updated in real time containing valuable information that a physical label never could. Get custom Blockchain Seafood Traceability based seafood data ecosystem designed specifically for the global seafood industry. Blockchain Based Seafood Traceability from specialists to improve the consumer's confidence in the fish farming industry. Traceability Of Seafood In Blockchain to restore trust and reliability enhancing the attraction and interest of the end customers.
Right Third-Party Logistics Provider - How to ChooseUnited Ravens
Choosing the right third-party logistics provider is a critical decision that can significantly impact your business operations. We will learn about 3PL providers, how they work, the services they offer, and how to choose the right third-party logistics provider.
Right Third-Party Logistics Provider - How to ChooseUnited Ravens
Choosing the right third-party logistics provider is a critical decision that can significantly impact your business operations. We will learn about 3PL providers, how they work, the services they offer, and how to choose the right third-party logistics provider.
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2. WHAT IS LOGISTICS AND SCM?
Logistics is used more broadly to refer to the process of coordinating
and moving resources – people, materials, inventory, and equipment –
from one location to storage at the desired destination. There are
inbound and outbound logistics.
Supply Chain Management has physical flow, information flow and
undertake overall process, flow of goods and services and includes all
processes that transform raw materials into final products.
3. WHAT IS 3rd PARTY LOGISTICS ?
The THIRD PARTY LOGISTICS is also called as 3PL or TPL.
Any firm involved in logistics and supply chain management activity use the
third party logistics company to outsource elements of SCM firm’s distribution,
warehousing, and the over all services.
They mainly involve in warehousing and transportation services, which could
be even customized according to the customer’s need, based on market
conditions and their demands for particular product.
5. TYPES OF 3PL:
WAREHOSUING: It is used for storing of goods by the manufacture, importer, exporter,
whole seller. They usually have loading docks to load and unload goods from trucks. Sometimes
warehouses are designed for the loading and unloading of goods directly from railways, airports,
or seaports.
TRANSPORTATION: Movement of goods, animals, humans from one location to another
location. There are many modes of transportations like roadways, railways, sea, airways and also
cable helping in import and export of product and services.
6. TYPES OF 3PL:
DISTRIBUTION: Distribution is the process of making a product or service available for
the consumer or business user who needs it. This can be done directly by the producer or service
provider, or using indirect channels with distributors or intermediaries.
SHIPPING AND RECEVIVING: They pack the goods in shipping containers, develop mailing
labels and shipping documents and ensure that all orders have been filled correctly. These
workers also verify incoming shipments by scanning barcodes to store that information into
computers. They may work in offices inside warehouses and manufacturing plants.
7. LEVELS OF OUTSOURCING IN 3PL:
• Based on transactions, with no long term contracts
and no bonding between the 3PL and the outsourcing
company.
Transactional
Outsourcing
• Outsourcing on a long term basis with negotiated
contacts and integrated IT systems to facilitate free
information flow and create supply chain visibility.
Tactical
Outsourcing:
• Based on long-term relationships with successful
outcomes, 3PL companies become partners in supply
chain management and establish transactional
transparency.
Strategic
Outsourcing:
8. PROS OF 3PL:
Scalability and feasibility
Resource network
Market expansion
Saves time and money by outsourcing
Continuous optimization
Leveraging specialized technology.
9. CONS OF 3PL:
Hidden responsibility
Steep set-up fees
Out of your hands
If the distance is more
Larger upfront investment
Lesser control over delivery process.