Third party logistics [3PL] providers are integrated, comprehensive logistics providers whose services can include packaging, warehousing, inventory management, transportation, cross-docking and freight forwarding. 3PL providers include freight forwarders and courier companies that own or lease their assets. For example, company A outsources its outbound logistics to company D; who manages the inventory, picks and packs deliveries and ships the goods on behalf of company A, to its customer, company B. In this example, company D is the 3PL provider. See also 1PL Logistics, 2PL Logistics, 4PL Logistics and 5PL Logistics.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
