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Chapter 3: Q1OQ (page 393)

Some manufacturing firms contract with an outside company to manage the firm鈥檚 logistics functions. What is the general term for a firm that provides such services?

Short Answer

Expert verified

鈥淭hird-party Logistics Company鈥� is the term used for the firm that provides such services.

Step by step solution

01

Step-by-Step SolutionStep 1: Logistics in countries

Various countriesare specialized in logisticsof which the USA is the best and the most famous example of this modern era.

02

Examples of logistics companies

A few examples of this kind of logistics are FedEx, DHL, etc.

03

Activities for which some firm’s contract with an outside company

Some firms give contracts to an outside company to manage thefirms鈥檒ogistics functions of receiving, inventory storing, packing, and distributing the right product to the right customers. The supply chain may include distributors, retailers, wholesalers, dealers, etc.,across the world.

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