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Third-Party Logistics (3PL) Provider

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Definition

A firm that provides multiple logistics services for use by customers. Preferably, these services are integrated, or “bundled” together by the provider. These firms facilitate the movement of parts and materials from suppliers to manufacturers, and finished products from manufacturers to distributors and retailers. Among the services that they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.

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