| Q: | What is a Third Party Logistics (3PL) Provider? |
| A: | A third party logistics provider (abbreviated 3PL)
is a firm that provides outsourced or "third party" logistics services
to companies for part, or sometimes all of their supply chain
management function.
Logistics is
the management of the flow of goods, information and other resources,
including energy and people, between the point of origin and the point
of consumption in order to meet the requirements of consumers.
Supply chain management (SCM)
is the process of planning, implementing and controlling the
operations of the supply chain as efficiently as possible. Supply Chain
Management spans all movement and storage of raw materials,
work-in-process inventory, and finished goods from point-of-origin to
point-of-consumption.
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