Third Party Logistic (3PL) defines to the outsourcing of the third party logistic Services such as warehousing, transportation. 3PL logistics also offers Value Added Services like picking and packing or warehouse inventory management estimating independently or collectively as an integrated supply chain. Nevertheless the idea of 3rd Party Logistics was brought in as early as the 1970’s to define inter-modal marketing companies in transport contracts; its true sense in achievement of any business has only been fulfilled in the last 10 years. Present, as per reports, more than 90% of the companies are using this service.
This structural shift in its management can be mainly associated to worldwide integration and future e-commerce Warehouse services which has condensed the entire world into one single market with complex project logistics network. Unlike the common model where the goods and items used to deliver in bulk (supporting the wholesalers), today goods and items is also transport in a single piece to various parts of the country which demands a more streamlined process.
On boarding a Third Party Logistic service provider, helps businesses to provide feature services to its customers skillfully and economically without any disruption. While the service required may vary from customers to customers, the common services offered by 3PL Logistics Company are as follows:
Transportation Services
Value-Added Services
Inventory Forecasting
Packaging
Freight Forwarding services
3PL services providers helps businesses to concentrate on their core services and stay away from the complication of logistics services. Third Party Logistics Companies are expertise in logistics and also support its partners in:
Save the cost of handing its own 3PL warehouses and staff which is a little costly scheme.
Opportunity to increase their warehouse space in company with their requirement in any part of the country.
Fulfilling customer anticipation of speedy deliveries through its distribution network.
Minimize the risk factor by computing for unanticipated circumstances like loss or delay in deliveries.
While Third Party Logistics services admits its customers to route its resources in business processes like marketing, sales, and product development but it also makes them dependent on the service provider to deliver processes exactly. So it is important that some principles are deliberated before on boarding a 4PL service provider:
To fulfill the current as well the future requirements of the Business resources.
maximizing and minimizing at short notice
Decades of experience and client authorization.
Modern technological knowledge-how to be relevant with the business
Sumpap Logistics is one of the leading 3PL companies in India provides a experienced, competent and reliable 3PL supply chain. Supply with broad industry knowledge and modern technology, it provides intelligent supply chain management solutions for better visibility, cost savings through shared services and more inventory uprightness.
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