OK - Sorry, my mistake. Yesterdays post on order lead times included a reference to a "3PL" without describing what that means. It is a jargon filled world, but I always strive for clear no-nonsense communications. Implementing Operational Excellence can be challenging enough without introducing any confusion over terms, metrics, and measures.
3PL is shorthand for Third Party Logistics which is an arrangement where a buyer and seller team up with a third party that provides product delivery services. The third party typically provides additional supply chain expertise.
Feel free to send us your comments or questions. Synchronous is prepared to help you with your operational excellence efforts and problem solving across your complete supply chain. Comment directly here or send your inquiries to info@SynchronousLLC.com
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Synchronous LLC is a privately held consultancy specializing in Operational Excellence for the process industry. ----- Synchronous is a registered Microsoft Partner specializing in manufacturing and supply chain solutions.
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- Is "5S" a strategy for Operational Excellence?
- Manage Working Capital - Inventory Record Accuracy
- What is a 3PL?
- Continuous Improvement Tools: FMEA & RCA
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