Logistics is the science of optimizing the distribution of freight and freight- flow information from manufacturer to consumer utilizing advanced information systems and expertise to reduce inventories, cut transportation costs, speed delivery and improve customer service.
It is the process of planning, implementing and controlling the efficient flow and storage and goods, service and reliable information from the point of origin to the point of consumption for the purpose of conforming to customer requirements.
What is Third-Party Logistics?
Third-party logistics (3PL) originated with the U.S. military, which developed the first logistics systems for managing and deploying large volumes of supplies and troops.
During the middle and later 1990s, private companies discovered the benefits of hiring outside, or third-party, logistics experts to manage the total flow of products from raw materials to finished goods. Recognizing the value of strategic business counsel, companies utilizing third-party logistics providers have become more efficient, competitive and focused on their core competencies.
Source: Sunteck Transport Group
