3PL, Supply Chain Management and Logistics Management Defined
I have been asked to provide several key definitions surrounding the Supply Chain:
Supply Chain Management is the organization, planning, control and execution of a product from development and purchasing, through production, warehousing and distribution to the final customer in the most cost effective way possible.
Logistics management is the planning, implementation and coordination of the details of the supply chain.
Third Party Logistics (3PL) is the function by which the owner of goods (The Client Company) outsources various elements of the supply chain to one 3 PL company that can perform the management function of the clients inbound freight, warehousing, order fulfillment, distribution, and outbound freight to the clients customers.
The Allied Group is a 3PL provider to the Life Science industry. While we don’t create the product we assist our customers with the logistics on the assembly, kitting, warehousing and distribution of medical devices to physicians and consumers. We are an outsourced Supply Chain Management solution.