Finding the Right Third Party Logistics (3PL) Provider
Since the 1980’s businesses have been striving to refine their processes, reduce their assets and find new ways to outsource their logistic functions. The priority to concentre on core business functions has led to a rising demand for reliable 3PL solutions that help a company’s logistics run seamlessly and with minimal output. FedEx were an early example of this change coming into fruition, changing the way transactions for business to business and business to consumer operated. The move allowed businesses to use just-in-time techniques that saved them warehouse space and ultimately saved them money. This was an early sign of efficient-consumer-response (ECR) techniques which paved the way for more efficient and smaller shipment sizes, saving businesses even more money. The mid-nineties hosted a continued emergence of collaborative management along the supply chain. Companies understood that they could serve their consumers better and faster for less by working with third party s...