When it comes to third party logistics (or 3PL as it is commonly known as), there is a lot to factor in. Luckily for us, the people at 2 Flow created the infographic below to give us all of the essential information we need to know about third party logistics.
3PL has been defined as the function by where the client (who is the owner of goods) outsources various constituents of the supply chain to a 3PL company. This 3PL company can then manage the inbound freight, clients’ customs, distribution, warehousing, order fulfilment and outbound freight to the client’s customers.
When you decide to use a 3PL company, it’s important to remember that all of your logistics requirements should be taken care of (if you’re using a full service 3PL). These services include: warehousing, supply chain management, order fulfilment and consolidation service. With order fulfilment, the goods that reach your customer should be delivered on time and should be the correct goods in perfect condition.
There are tons of benefits for businesses to utilize 3PL. These include more resources, improved customer service, more flexibility and scalability and it also saves you time and money. What is significant about using a professional service like that of a 3PL company is that you’re guaranteed that your business will be up to date with the latest technologies. 3PL companies are continuously expanding and broadening their knowledge of logistics technology and with that you are aligning your business with innovation. For all the details, take a look at the infographic below!
Robert Memery is operations manager at 2 Flow. 2 Flow allows customers to outsource storage, order processing, stock management, and distribution requirements to a specialist – leaving them to focus on what they are good at: sourcing, producing, marketing and selling their products.