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Third-Party Logistics (3PL)

CATEGORY

Supply Chain

Definition

Third-party logistics (3PL) refers to the outsourcing of logistics and supply chain management functions to external service providers or third-party logistics companies. 3PL providers offer a range of services such as transportation, warehousing, distribution, freight forwarding, inventory management, and order fulfillment to help businesses streamline operations, reduce costs, and improve efficiency while focusing on their core competencies and strategic goals.

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