Role of Third-Party Logistics (3PL) in Success of Supply Chain: A Review

Supply chain management is an ever emerging field. Supply chain management encompasses the planning and management of all activities involved in sourcing, procurement, conversion and logistics management activities. It also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third party service providers, and customers. In essence, supply chain management, integrates supply and demand management within and across companies. Involvement of 3PL in supply chain management is a growing phenomenon due to a need for high levels of customer satisfaction. This paper has tried to analyses different issues related with 3PL implementation such as its applications, benefits and demerits.