Third party logistic choices crucial to company growth
Middle East: Saturday, July 03 - 2010 at 16:23
For a growing company, logistics can be a make or break aspect of its strategy. For most, the best policy is to hire a third party logistics provider, and when done well this can translate to considerable bottom line savings and increased performance.
Three main types of third party logistics providers
There are three types of third party logistics providers. These are asset-based, which means the company uses its own trucks and infrastructure in order to provide for a company's logistics needs.
There is also management-based, where managerial functions are used to help clients, although the logistics company does not necessarily own any assets. The final type of third party logistics company are integrated providers, which can be either asset-based or management-based and supplement their services with what is needed by the client.
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