Role of Third Party Logistics in Aligning Objectives throughout the Supply Chain

Abstract

The main of the study is to understand the role of Third Party Logistics (3PL) in setting out the respective objective of the companies. The research design is based on cause and effect research which will be designed and carried out in order to develop and extract detailed insights for observing the relationship between the variables. The sampling tools and technique for this purpose is non-probability sampling method which refers to selectively drawing a sample, either on the researcher’s decision or the availability or accessibility of the sample, in a non-randomized manner. The sample size of 100 has been conducted in order to know the role of third party logistics throughout the supply chain. The linear regression and correlation analysis are performed in the current study. The third party logistics process impacts on supply chain management; since many materials are recycled and returned to the traditional process of supply, production and distribution. Third party logistics is essential to make it possible to meet growing demand for adding value to products and services, with cost reductions. It is recommended that the global reach of supply chains, shorter life cycles of products and increasing customer demands must be made aware organizations that interruptions in the supply chain can cause operational and financial impacts undesirable.