Song Inspiration: ‘The Chain” by Fleetwood Mac, 1977
I’ve often heard that a Procurement or Logistics Director’s least favorite part of his or her job is 3PL selection. Why?
It’s simple; selecting the wrong 3PL can cause repercussions throughout the supply chain, ultimately leading to delays or outright failures in getting product into the hands of consumers, impacting sales and profits. It is your life line and one that many people depend on; stockholders, employees, their families, your customers, and their families. A broken link in your supply chain could cause loss of sales due to lack of trust and downtime, not to mention the effect it can have on your business' cash flow.