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Third-party logistics (abbreviated as 3PL, or TPL) is an organization's long term commitment of outsourcing its distribution services to third-party logistics businesses. [1] Third-party logistics providers typically specialize in integrated operations of warehousing and transportation services that can be scaled and customized to customers ...
FedEx Supply Chain, [3] [4] formerly known as GENCO (General Commodities Warehouse & Distribution Co.) is a major third-party logistics (3PL) provider in the United States and Canada. [5] It serves various industries, including: technology & electronics, retail & e-commerce, consumer & industrial goods, and healthcare industries.
Download as PDF; Printable version; ... 3PL may refer to: Third-party logistics, a concept in logistics; the Three parameter logistic ...
Starting in the 1990s, several companies chose to outsource the logistics aspect of supply-chain management by partnering with a third-party logistics provider (3PL). Companies also outsource production to contract manufacturers. [34] Technology companies have risen to meet the demand to help manage these complex systems.
According to this definition, third-party logistics includes any form of outsourcing of logistics activities previously performed in house. For example, if a company with its own warehousing facilities decides to employ external transportation, this would be an example of third-party logistics. Logistics is an emerging business area in many ...
This law requires SEC-regulated companies to conduct third party audits of their supply chains in order to determine whether any tin, tantalum, tungsten, or gold (together referred to as conflict minerals) is mined or sourced from the Democratic Republic of the Congo, and create a report (available to the general public and SEC) detailing the ...
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Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. [4] It was founded in 1997 by Ken Oaks in Cincinnati , and is headquartered in nearby Union Township, Clermont County, Ohio , United States.
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