What is a non-asset based logistics service provider?
Non-Asset-Based 3PLs A non-asset-based 3PL, on the other hand, does not own its own equipment or facilities, and instead it relies on networks of relationships with transportation providers, warehouses, and distribution centers.
What is a non-asset based 3PL?
A non-asset based 3PL, on the other hand, does not own the assets needed to run a supply chain. Rather, a non-asset based company focuses heavily on expertise and experience, not hardware. Since they do not have major assets to manage, they can focus their energy on innovative and personalized supply chain solutions.
What is asset and non-asset?
Key Takeaways. Current assets are assets that are expected to be converted to cash within a year. Noncurrent assets are those that are considered long-term, where their full value won’t be recognized until at least a year.
What are assets in logistics?
Logistics Assets means the assets owned by, leased by or necessary for the operation of the business, properties or assets of any entity in the Logistics Group, and any future expansions thereof.
What is the difference between an asset based 3PL and a non-asset based 3PL?
Simply put, the difference between the two is that asset-based 3PL own parts of the supply chain such as trucks, warehouses, and more. A non-asset 3PL does not own any of these and is typically agnostic in the way of warehousing and transportation providers.
Which is not asset?
Noncurrent assets fall under three major categories: tangible assets, intangible assets, and natural resources. Examples of noncurrent assets include investments, intellectual property, real estate, and equipment.
What is non-asset?
Noncurrent assets are a company’s long-term investments for which the full value will not be realized within the accounting year. Examples of noncurrent assets include investments, intellectual property, real estate, and equipment.
What is a non-asset-based?
A non-asset-based logistics service provider does not own the assets necessary to manage and implement a supply chain. Therefore, you will have time to focus on your core goals and the values that your business was built on, while they focus on running your supply chain.
What do 3PLs do?
At the most basic level, 3PLs offer logistics services to support certain aspects—sometimes all aspects—of shipping operations. Typically, 3PL providers are integrated into a company’s warehousing and transportation procedures. By scaling and customizing services, 3PLs can best meet your specific needs.
How to find the right non-asset logistics service provider (LSP)?
The challenge in finding the “right” non-asset logistics service provider (LSP) is the massive freight brokers where one discovers they are a tiny fish in an ocean, so it is key to do your homework and include other LSP’s in your search to ensure you find the best fit for your company.
Do non-asset-based carriers own their own equipment?
Equally as straight to the point… non-asset-based carriers do not own their own equipment. This type of carrier may partner with subcontractors, lease equipment and configure custom warehousing needs. Now, we know what you are thinking. What is the point of working with a carrier that simply acts as a 3PL?
What is an asset-based carrier?
The asset-based carrier is typically regarded as a full-service sort of endeavor. They not only handle their clients’ supply chain movement and storage but use their own equipment to accomplish those tasks.