A key (important) financial consideration that must be considered when choosing between private and third-party logistic provider (3PL) distribution options is: the volume (quantity) of product being moved.
Supply chain management (SCM) can be defined as the effective and efficient management of the flow of products (goods) and services from the manufacturers (producers) to the consumers in a timely manner.
Generally, there are different types of service providers in the supply and logistics chain management and they include:
A third-party logistic provider (3PL) refers to a service firm that is saddled with the responsibility of handling all the logistics requirements of other business firms.
Ideally, a key (important) financial consideration that must be considered when choosing between private and third-party logistic provider (3PL) distribution options is the volume (quantity) of product that is being moved to the market.
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