Define contract logistics

Reference no: EM132844795

Question 1: Define contract logistics.

Contract logistics is the subcontracting of logistics and resource management responsibilities to a third party company (Grant, 2019). Contract logistics companies handle activities such as designing and planning supply chains, designing facilities, warehousing, transporting and distributing goods, processing orders and payments, and managing inventory (Grant, 2019). Contract logistics companies can help improve the efficiency of other companies by organizing and managing the hard work when it comes to procuring raw supplies needed to manufacture goods and handle the transportation and storage of the final product to the consumer.

Question 2: What is the first stage in selecting the Third-Party Logistics Operator?

According to our text books the first stage when selecting a third party logistics operator is to consider the implications of distribution strategy for the achievement of business plan goals, including the effect on cost, quality and flexibility (Branch, 2008). This will probably involve an ‘in-house' evaluation of the activities involved (Branch, 2008).

Reference no: EM132844795

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