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) is a firm that provides service to itscustomersof outsourced (or Third Party)logisticsservices for part, or all of theirsupply chain managementfunctions. Third party logistics providers typically specialize in integrated operation,warehousingandtransportationservices that can be scaled and customized to customers needs based on market conditions, such as the demands and delivery service requirements for their products and materials. Often, these services go beyond logistics and include value-added services related to the production or procurement of goods, i.e., services that integrate parts of the supply chain. When this integration occurs, the provider is then called a third-party supply chain management provider (3PSCM) or supply chain management service provider (SCMSP). 3PL targets a particular function in supply management, such as warehousing, transportation, or raw material provision.

Video results for the word Third-Party Logistics

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Raynet Business Marketing Dictionary

outsourcing all or much of companys logistics operations to a specialized company.

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