Third-Party Logistics (3PL)
Third-Party Logistics (3PL) refers to the outsourcing of logistics and supply chain management functions to an external provider. This can include services such as transportation, warehousing, inventory management, and order fulfillment. Companies often use 3PL to improve efficiency, reduce costs, and focus on their core business activities.
3PL providers can offer specialized expertise and technology that may not be available in-house. By partnering with a 3PL provider, businesses can benefit from scalable solutions, access to a wider distribution network, and enhanced customer service. This collaboration allows companies to adapt quickly to market changes and customer demands.