Intelligent Solutions
Outsourcing Fulfillment Solutions is a good option for many companies especially startups who might be strapped for cash o lack the experience. It is also a fast and efficient way to introduce their products to the market without having to wait to build the infrastructure needed for fulfillment. There are so many new products being…
Artificial Intelligence has made it into our lives a while back and continues to make an impact. From playing chess against a computer to Siri, Alexa and detecting cancer cells, A.I. is here to stay. The logistics industry is beginning to invest in A.I. heavily starting with the shipping companies such as Maersk and CMA….
We heard a lot about 3 PL Companies but what do 4PL Companies do? 4PL Companies are Consultants that in many cases manage 3PL’s. International 4PL is a leading logistics consulting services firm that enables companies to increase their competitive position by improving customer service levels. Services Offered by 4PL Companies 4PL Companies offer specialized supply chain, logistics…
What is the true Definition of A Third Party Logistics Provider? According to Wikipedia: A third party logistics provider (abbreviated 3PL, or sometimes TPL) is a firm that provides service to its customers of outsourced (or “Third Party”) logistics services for part, or all of their supply chain management functions. Third party logistics providers typically…
3PL Logistics Companies offer the following advantages manufacturers, distributors and retailers can gain by using a 3PL: Improve global capabilities. 3PLs have on-ground knowledge of markets, regulations and and understanding of capacity constraints. Reduce costs. 3PLs can help reduce excess carrying costs, return goods cost and lost sales. They can also help manufacturers move more material…
What is the difference between 3PL and 4PL? The CSCMP defines 3PL as follows: Outsourcing all or much of a company’s logistics operations to a specialized company. The term “3PL” was first used in the early 1970s to identify intermodal marketing companies (IMCs) in transportation contracts. Up to that point, contracts for transportation had featured only two…
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