Wider resource network Third-party and fourth-party logistics providers have assets and relationships that can provide multiple advantages over in-house supply chains. By reaching across their network during every step in the supply chain, they can execute logistics in a more efficient and cost-effective manner. Since both 3PL and 4PL can leverage relationships and volume discounts, they benefit from lower overhead and faster service. This cost advantage is passed on to you and helps you lower your costs. saving time Outsourcing logistics services saves a wealth of time and money for your company. Using a third-party logistics provider and fourth-party logistics eliminates the need to invest in warehouse space, technology, transportation, and personnel to implement the logistics process. Third party logistics providers also save you from costly mistakes and allow your company to build a global logistics network with lower risk and higher return. In addition, third-party logistics saves you the time needed to implement your supply chain operations by taking over. You don't have to worry about the paperwork, invoicing, auditing, training, hiring, and improvement needed to get your goods where you want them to go. Due to regular strategic reviews of global sourcing strategies and synergies, your shipping operations benefit from the logistics provider's best methods and practices. In fact, 91% of shippers report that partnering with their third-party logistics provider has been successful. Improve customer experience Outsourced logistics enables direct savings through freight sourcing, consolidated transportation spend, and “back-haul” opportunities. In industry reviews, 89% of companies say that third-party logistics has contributed to improved service to customers. Access to updated technologies Third-party logistics and fourth-party logistics providers are familiar with industry best practices and stay up-to-date with the latest logistics technologies and processes. Third party logistics software is capable of advanced reporting, inventory management and provides visibility to monitor the entire process. Scalability and flexibility The benefit of using a third-party logistics provider is the ability to scale space, labor, and transportation based on inventory needs. Using a third-party logistics provider also allows your business to grow into new territories without barriers. Furthermore, as you grow, a third-party logistics provider can help you expand because it has the resources to seamlessly support growth into new markets. continuous improvement Third-party logistics and fourth-party logistics providers have the resources available to make adjustments and improvements to every link in the supply chain. They use technologies to ensure the right amount of merchandise arrives when and where you need it. At the same time, management software analyzes and monitors practices to eliminate inefficiencies, further streamlining the supply chain. Logistics outsourcing ensures continuous improvements to your logistics process