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3PL Logistics Definition

3PL is short for Third Party Logistics, which typically refers to a firm that outsources the logistics section of its supply chain to a third party which is also known as third party provider. Basically, 3PL is a realm of the supply chain management that provides multiple logistics services, which either be combined together by a provider. So these services that are provided are transportation, warehousing, cross-docking, inventory management, freight forwarding, and packaging. Normally these services end up combining parts of the supply chain as they are present in the combined form, as a result they also comprise of a few services that are related to production or procurement.

Different Aspects of 3PL

Although warehousing is considered as one of the most important aspects of 3PL, the structure has changed quite drastically over the years. Where 3PL once upon a time mostly only meant transportation and warehousing but now it encompasses a complete range of outsourced services for quite literally all aspects of the supply chain. With the modern supply chain becoming more complex with every passing day, a lot of companies are turning to 3PLs to make sure that their equipment arrives at the retail store or the customer's door on time and with the lowest cost possible.

When regarding the benefits of 3PL logistics the fact that they help in cost savings, performance gains, and have quite a low capital income while allowing you to focus on growing your business should be understood. Also, it is considered fitting for companies that don't want to invest in their own logistics solutions whether it is holding stock in a warehouse, staffing the solution or building out the IT infrastructure to manage stock control. 

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