3rd Party Logistics (3PL)

What is 3rd Party Logistics (3PL)?

Operations

A 3PL, or third-party logistics provider, is a company that offers outsourced logistics services to businesses that need to manage their supply chain operations more efficiently.

A 3PL typically provides a range of logistics services, including transportation, warehousing, inventory management, order fulfillment, and freight forwarding, among others. These services can be tailored to meet the specific needs of a business and are often provided on a contract basis.

By outsourcing their logistics operations to a 3PL, businesses can focus on their core competencies while leaving the complexities of logistics to a specialized provider. 3PLs can also provide cost savings and improved efficiencies by leveraging their expertise and economies of scale to optimize logistics processes.

More Terms

You Might Also Like

This is some text inside of a div block.

Webhook

What is Webhook?

A webhook is a mechanism for sending real-time data from one web application to another.

This is some text inside of a div block.

UTM

What is UTM?

A UTM, or Urchin Tracking Module, is a code snippet that is added to a URL to track the performance of digital marketing campaigns.

This is some text inside of a div block.

MOQ

What is MOQ?

MOQ stands for Minimum Order Quantity, which refers to the smallest quantity of goods or products that a supplier or manufacturer is willing to sell to a buyer in a single order.