U.K., Sept. 10 -- Third party logistics, or 3PL, is a service that is provided by a business to an organisation where some or all of the entire logistics system is outsourced. This outsourcing covers warehousing through to delivery, allowing the organisation to focus on other parts of the business.
3PL companies provide a range of services within the umbrella of logistics: this includes transportation, warehousing, picking and packing, inventory forecasting, order fulfilment, packaging and freight forwarding.
Want to know the benefits of a 3PL provider? See our Top 5 benefits below:
1. Cost reduction
As 3PL providers are able to work with carriers on behalf of multiple customers, 3PL providers are often able to leverage better rates tha...