If you’ve been managing your supply chain entirely in-house, and are ready to start working with a third-party logistics provider, it can be tough to know where to start your search. There are so many factors to consider, and so many providers to choose between.
When looking at potential logistics partners, in addition to considering their reputation, cost, and areas of expertise, one factor may come up: do they have their own equipment or not? An asset-based 3PL owns some or all of the equipment needed to manage your supply chain, whereas a non-asset based logistics provider (or broker) gets your goods moved entirely through a network of trusted partners.
Is it preferable to use an asset-based player or a non-asset-based one? Let’s take a look at how they each stack up on convenience, cost, and stability:Read More