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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.
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 ...
Third-party logistics, a concept in logistics; the Three parameter logistic model in item response theory; a glossing abbreviation meaning "third person, plural number
although a 2008 article notes that there is no standard definition of VMI and the term's usage varies "significantly" among companies supporting VMI processes. [2] A third-party logistics provider may also be involved to help ensure that the buyer has the required level of inventory by adjusting the demand and supply gaps. [3]
The 2024 Gartner Market Guide for 4PL provides an updated definition of a 4PL: "A fourth-party logistics (4PL) is a supply chain services provider that manages the design, build, run, measurement and orchestration of all or part of an end-to-end logistics network for a fee.
The third party is considered independent from the other two, even if hired by them, because not all control is vested in that connection. There can be multiple third-party sources with respect to a given transaction, between the first and second parties. A second-party source would be under direct control of the second party in the transaction ...
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