Outsourced logistics services, also known as 3PL (third-party logistics), are anything that involves the management of one or more aspects of procurement and fulfillment activities.
3PL covers a wide range of enterprise supply chain tasks, including freight forwarding, warehousing, fulfillment and distribution, and optimization. You can visit https://shiphype.com/3pl/ to get more information about the best 3PL in Toronto.
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Working with a 3PL vendor who has extensive knowledge, a large network of resources, and experience in creating custom 3PL solutions can be the answer to a lack of time and profit.
1) You can focus on your core competencies
With a growing company, duties and responsibilities increase at the same time. Among other things, logistics managers must perform many tasks that cannot be completed by others.
Outsourced warehousing (internal and offshore) and distribution to flexible 3PL providers can help logistics managers refocus their core responsibilities.
2) Provision of value-added services
3PL providers offer additional services, known as value-added services, to reduce logistics costs that logistics managers sometimes don't have time to do. An example of value-added service is when a 3PL provider provides its customers with aggregated invoices, reducing customer service and increasing assurance that all invoices are accurate.
Every business is unique and one size fits all may not be ideal for your business. To meet the needs of you and your business, a 3PL provider can be the solution to a shortage of time, money, and/or manpower and help you refocus on your core competencies as a logistics manager.