The Role of Third party Logistics in Supply Chain Management
Supply chain management has played an significant role in global market and has attracted the attention of numerous academicians. As reported, a Supply Chain is a structured manufacturing process wherein raw materials are transformed into finished goods, then delivered to end customers. The role of logistics in supply chain management provides plenty of significant improvements in industrial development. Third party logistics assists to supply right product to right consumers' in right quantity. The objective of this study is role of third party logistics in supply chain management and to understand the relationship between supply chain management and Third party logistics. This is helpful for the effectively & efficiently execution of supply chain management and customer satisfaction.
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The third-party manufacturing logistics is referred to as logistics services provided by the 3PL companies for carrying out manufacturing services. The third-party manufacturing logistics market is fragmented with the presence of some of the well-established as well as some of the emerging players in the market. The increasing trading activity due to the globalization is one of the major factors supporting the growth of third party manufacturing logistics services market.
Leading Companies:
- C.H. Robinson Worldwide, Inc.
- CEVA Logistic
- DB Schenker
- DHL International GmbH
- EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
- KANE LOGISTICS
- KUEHNE+NAGEL
- NIPPON EXPRESS CO., LTD
- UPS SUPPLY CHAIN SOLUTIONS
- XPO LOGISTICS