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Blockchain is a distributed ledger shared among many people in a network without an intermediary. The entries in the ledger cannot be modified. One Example of the use of such technology is crypto currency such as Bitcoin. When it comes to Supply Chain and logistics, Blockchains are becoming synonymous with transparency and visibility. The new…
Third party logistics Provides ( TPL Providers ) are companies that work with the owner of goods to outsource numerous components of it’s logistics to 3PL Providers that can perform the management function of the clients’ customs, inbound freight, distribution, warehousing, order fulfillment and outbound freight to the client’s customers . Why Do Companies Use…
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…
7PL is the natural Evolution of 3 PL and 4 PL. What is a 3 PL 3PL + 4PL= 7PL. The need for an outside logistics provider triggered the evolution of 3PL services which has been the most dominant and arguably the largest market in the world. 3PLs offered great advantages to the companies in terms…
3PL is a term used for many different types of logistic providers. Each type has its own strengths and weaknesses so be sure to choose the one that fits best with your goals. 3PL Companies, in order to succeed, have to work with their clients as partners. One vision, one goal. Here are some of…
Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management…
Why Chain Logistics? In today’s competitive global economy, a company is only as good as its partner. Your business requires a professional and effective partner who is experienced, understands your logistics needs, and knowledgeable with customs rules and regulations. Chain Logistics can be this partner as our success in International Freight Forwarding and Logistics has been…
While there’s definitely more many reasons why a company might look for a third party logistics provider here are a few reasons: To provide supply chain support to penetrate new regional markets or countries where your company doesn’t currently have a presence without the costs involved in such venture If you are a company whose business is…
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