GMS 803 Lecture Notes - Lecture 9: Freight Forwarder, Management System, Freight Company

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 803
• Professor: Hossein Zolfagharinia

Document Summary

This allows the company to focus on using the technology to operate its core business rather than having to manage all the technical issues and challenges. Many companies like nike even outsource their production needs to contract manufacturers located around the world. Transportation is another activity that is widely outsourced to external experts. Fedex o: maersk, and ups provide a wide variety of transportation services. These third party logistics service providers (3pls) are experts in the management and low of freight, allowing customers to focus their resources on other activities. Outsourcing all or much of a company"s logistics operations to a specialized company. o o. 3pl was irst used in the early 1970s to identify intermodal marketing companies (imcs) in transportation contracts. 3pl is a person/company who solely receives, holds, or otherwise transports a consumer product in the ordinary course of business but who does not take title to the product.