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Essay / Logistics Service Providers Essay - 602
Studies highlight that there has been an increased consumption of services offered by logistics service providers in supply chains. A logistics service provider is used synonymously to refer to carriers, freight forwarding and transportation companies, as well as third-party logistics providers and logistics service companies. Logistics service providers are important players in the supply chain because they manage a substantial part of their customers' businesses. Logistics service providers provide their customers with traditional logistics services such as transportation and warehousing, as well as additional services such as order administration and track and trace services. Logistics performance in the supply chain, such as lead time, flexibility and on-time delivery, should be a shared responsibility as it is created by customers, suppliers and logistics service providers. The increasing competitiveness of the business environment requires logistics service providers to develop skills in analyzing and reporting performance data to ensure success with their customers....