A third-party organization that oversees all or part of another company’s logistics operations is known as a logistics service provider (LSP). LSPs may be in charge of supply chain visibility, inventory control, freight forwarding, warehousing, and transportation. Businesses can access expertise, scalability, and cutting-edge technologies by outsourcing logistics to an LSP, freeing them up to concentrate on their core strengths. To guarantee supply chain effectiveness, managing an LSP relationship necessitates clear contracts, performance indicators, and smooth integration with internal systems.
