3PL (Third Party Logistics)

A 3PL (Third-Party Logistics) firm offers outsourced logistics solutions, which include the management of one or more aspects of sourcing and fulfillment operations. Any service agreement that involves storage or transporting goods falls under the broad definition of 3PL in the commercial world. A 3PL service could be one provider, like shipping or warehouse storage, or an end-to-end service provider that can handle supply chain management.