SCMN 3720 Test 3-Strickland Latest Version Graded A+

SCMN 3720 Test 3-Strickland Latest Version Graded A+ 3PL 3rd party logistics. anything that you can outsource 5 Categories of 3PL's 1. Transportation Based 2. Distribution Based 3. Forwarder Based 4. Financial Based 5. Information Based Transportation Based business origin in freight movement -Move freight, manage transportation operations, operate fulfillment centers, develop logistics solutions Distribution Based Business origin in the public or contract warehousing -Focus on inventory management, warehousing, and order fulfillment, but may also provide transportation services Forwarder Based Includes freight forwarders, brokers, and agents that primarily facilitate the flow of goods on behalf of customers -Arrange transportation services for LTL shipments, air cargo, and ocean freight; facilitate international freight movements Financial Based specialize in monetary issues and financial flows in the supply chain -Freight rating, freight payment, freight bill auditing, accounting, freight visibility, electronic payment, carrier compliance reporting, freight claims Information Based Digitized activities that were previously performed manually or required the use of licensed software -Online freight brokerage services, cargo planning, routing & scheduling; Internet access (pay per use) to TMS, WMS, performance management tools Asset Based Providers (more control) owns assets and labor force needed to run transport and logistics activities. -Have their own equipment, readily available capacity, permanent employees, and direct control of the customers' freight -Potential for bias toward 3PL's own internal resources in developing solutions for customers Non-Asset Based Providers (more flexibility) contracts with other firms to provide services rather than owning required assets -More flexible vs. asset-based 3PLs, unbiased decision making -Subject to competition for capacity from external providers, more intensive relationship management required -Can work with anybody 3 Activities Outsourced to 3PL's in the US 1. Domestic Transportation 2. Warehousing 3. International Transportation 2 Reasons for 3PL -Opportunity for cost reductions -Ability to focus on core competencies 2 Reasons against 3PL -Logistics is a core competency of company -Cost reductions would not be experienced Freight Brokerage Represent carrier seeking freight or shipper seeking capacity Dedicated Contract Carriage Serve as a customer's private fleet with a customized turnkey solution. Drayage Specialize in short-haul movement of intermodal containers from origin to ocean ports and rail yards and from these facilities to their ultimate destination. TEU Twenty-Foot Equivalent Unit which can be used to measure a ship's cargo carrying capacity (1 x 20 foot length x 8 foot wide Liner Service regular voyages on fixed routes