5PL Companies or fifth party logistics provider, is a relatively new term in the logistics industry and reflects the development of full logistic integration through many outsourced providers. 5PL involves a fully integrated logistics solution to encompass the whole supply chain from beginning to end through multiple outsourced service providers. Critical to success in achieving this is the effective integration of IT and computer systems to ensure real-time visibility and control of the entire supply chain no matter how many different suppliers are involved
a 5PL or fifth party logistics provider handles all the logistics needs of your company. The line between who is a partner and who is just a service provider almost disappears. Whereas a service provider handles specific pre-defined tasks, partners have a lot more responsibility. A 5PL acts is a strategic partner to its clients and works closely with the client’s employees.
What do Fifth party Logistics Providers have to offer?
Manage Multiple 3PL and 4PL Networks
Negotiate Shipping Rates on Your Behalf
Leverages the Latest Technologies
What does a 5PL Company do?
A 5PL is a logistics consulting firm. It focuses more on Supply Chain activities. Design supply chain solutions to fit your needs, We help you streamline the process while working with your existing 3PL Companies. We work on reducing your transportation and warehousing costs. We focus on reducing your inventory cost and fulfillment time. We basically look after your best interests.
We work with small, medium and large size corporations. We have a proven track record of reducing costs while increasing productivity. Not to mention helping companies control their inventory in order to reduce costs, choose the right Freight Forwarder or Shipping company. It is all about efficient logistics solutions
There are many reasons to work with 5PL Companies :
Cut Transportation and warehousing costs Costs,
Create a sustainable business
Manage your 3PL and 4PL partners