What are third party logistics and how they function?

1. Third Party Logistics – What They Do? Third Party Logistic (3PL) specifies to the outsourcing of any of the logistic Services like warehousing, transportation and Value Added Services like picking and packing or warehouse inventory management estimating individually or together as an integrated supply chain. Even though the concept of 3rd Party Logistics was introduced in as early as the 1970’s to specify inter-modal marketing companies in transport contracts, its true sense in success of any business has only been fulfilled in the last decade. Today, as per records, more than 90% of the companies are availing this service. This architectural shift in its management can be primarily attributed to globalization and future e- commerce industry which has concentrated the entire world into one single market with complicated logistics structures. Unlike the common model where the products used to move in bulk (supporting the wholesalers), today products are also shipped in a single piece to various parts of the country which demands a more streamlined operations. On boarding a Third Party Logistic service provider, assists businesses to deliver quality services to its customers efficiently and economically without inconvenience. While the service needed may vary from client to client, the common services provided by 3PL Logistics Company in Delhi are as follows:

2. •Warehousing services •Transportation Services •Value-Added Services •Inventory Forecasting •Order Fulfillment •Packaging •Freight Forwarding services 3PL services providers in Delhi assist businesses to focus on their core services and keep away from the complexities of logistics. Third Party Logistics Companies are skilled in this field and also support its partners in: •Save the cost of maintaining its own 3PL warehouses and personnel which is a little expensive proposition.

3. •Opportunity to expand their warehouse storage in organization with their demand in any part of the region. •Meeting customer expectations of fast deliveries through its distribution network. •Reduce the risk by accounting for unexpected circumstances like loss or delay in deliveries. While Third Party Logistics services allow its client to pathway its resources on business activities like marketing, sales, and product development but it also makes them reliant on the service provider to deliver activities accurately. So it is crucial that certain criterion are considered before on boarding a 3PL service provider: •To meet the present as well the future demands of the Business resources. •Increasing and Decreasing at short notice •Years of experience and client endorsement. •Latest technical skill-how to be suitable with the business Sumpap Logistics is one of the best third party logistics company in Delhi,India provides a capable, adequate and reliable 3PL supply chain. Rigged with extensive industry knowledge and latest technology, it provides ingenious supply chain solutions for better visibility, cost savings through mutual services and consequently more inventory integrity.