I came for the logistics, I stayed for the well explained and especially the analog "effects" like the cardboard cutouts :D Well done! Proves that you don't need fancy graphics to be informative and entertaining ;)
You. Are. Awesome. My eyes usually glaze over and I have to re-read or re-watch content about logistics, and you make it completely palatable, and understandable. Thank you!
Third-party logistics in logistics and supply chain management is a company's use of third-party. Its companies operate for the shipping industry to supervise logistic undertakings. A fourth party logistics provider selects the 3PL providers from the market which are most suitable for the logistical issues of his customer.
Great video, this is how I explain it to my students: Subject: Read: Clarification on 3PL versus 4PL lecture today (this is a huge job market for ISMers) Students: I think getting an internship at Coyote Logistics (CL) would be an excellent opportunity for ISM students in general. Just keep in mind that non asset based 3PLs such as CL, CH Robinson, TQL, etc., recruit across all majors, especially general management, general marketing, and sales marketing. I would prefer that students work for companies that pay a premium for your ISM degree. However, 3PLs provide services in an industry that you are majoring in, so to that extent it is a great match for you. Also, some of you have strong sales skills and/or want to develop those skills moving forward in your SCM careers (which makes sense given that you will be interacting with suppliers a lot). A major trend in SCM is reverse marketing and supply base deproliferation. That means buying organizations are trying to shift a larger and larger amount of volume to a fewer and fewer number of suppliers (that way they get huge price discounts from economies of scale, make sense? - this is supply base deproliferation - reduce the number of suppliers that you do business with). Sometimes, you have to go to your current suppliers and convince them to take on more business (that is called reverse marketing). The goal is to do a lot of outsourcing with a few key strategic suppliers. For example, in reality, Toyota only has around 12 suppliers. It would be great work experience and would help you also get your foot in the door for another internship or even a fulltime job at OEMS such as GM and John Deere if you got some work experience at a 3PL or 4PL (all work experience is good work experience). Again, a 4PL is a company that can do all logistics for a company and a 3PL can actually only perform some logistics. For example, if you can only handle warehousing, but cannot handle inbound and outbound, then you are a 3PL (a truck driver with a trailer is a 3PL, but he/she is an asset based 3PL if they own the truck and trailer). 3PLS are evolving into 4PLs, which means if a company goes to them, then they (the 4PL) can perform all logistics services for a customer (i.e., inbound, outbound, warehousing, etc. - one stop shopping for all things related to movement of goods). Coyote Logistics has actually evolved into a non asset based "4PL" because they can do everything logistics related for customers. However, because they are non asset based, they do not own anything themselves. They just outsource everything to 3PLS and manage the process for their customers. Why would their customers not do this themselves? Because CL can do it better, faster, and cheaper and these customers can then focus on their core business (which usually has nothing to do with logistics). Finally, JB Hunt would be considered an asset based 4PL because they can perform all logistics services for companies such as Whirlpool, but JB Hunt actually owns the stuff it takes to move things around. For example, JB Hunt has trucks, trailers, drivers, containers, railway capacity, distribution hubs, etc. However, JB charges a premium for customized services and is not as price competitive as non asset based 4PLs. Whirlpool is very OK with that since JB Hunt offers exceptional quality service and JB Hunt still does it better, faster, and cheaper than Whirlpool. I hope this helps and makes sense. Do you feel like you know the subtle difference between a 3PL and 4PL? Would you want to work for a 3PL or 4PL? Dr. Sime (Sheema) Curkovic, Ph.D., Valluzzo & Lee Honors College Faculty Fellow Professor, Operations/Supply Chain Management Western Michigan University, Haworth College of Business Schneider Hall Room 3246, Kalamazoo, MI 49008-5429 Tel.: 269.387.5413; E-Mail: sime.curkovic@@t "Better, faster, cheaper"; www.wmich.edu/supplychain "WMU Integrated Supply Management (ISM)...Nation's best undergraduate SCM program (Gartner 2014); 2nd in SCM technology (SoftwareAdvice 2015); 2nd in top global SCM talent (SCM World 2017) Sample Lectures & Should You Major in Supply Chain Management? @t
Hey thanks soo muchhh I was searching and watching too much videos about this product but can’t understand then watch yours now all my concepts are clear thanks so muchh 😊
Suppose I want to have custom packages/boxes created. If I use a 3PL, will they ship my orders in my custom packages? If so, how do you arrange that with them?
Great, does it mean that the manufacture don't have inhouse warehouse. whatever they manufacture that will be sent to 3PL ware house and they maintain. Thank you.
Hi! I'm a university student who is doing the retail management couse assignment. my topic for the assignment is online shopping shipment and i found your video very helpful. Since my assignment is to create a video presentation, is it okay if i put about 30 secs of your video where you explain about the 3PL in my video? It is totally for a personal use and will not create a profit out of it.
Hi there! You can certainly use this in your presentation, please site our channel in your sources: ruclips.net/user/LumiHQ Good luck on your assignment!
Hi! I'm college student who taking up Aviation Logistics. I find this video so helpful with my questions regarding to 3PL. Thanks for giving me a precise explanation.
You are amazing I am already in my way to have my first interview and I was look too much too long time for this explanation about one and two and three LP
I'm wondering, how to find a 3PL that works with custom repackaging? In case of a customer return, I'd like to repack it in fresh tissue paper, use my gummed paper tape etc. Are there 3PLs that would do that or am I day dreaming?
i like the way you explain things, very easy to understand and easy to remember
I came for the logistics, I stayed for the well explained and especially the analog "effects" like the cardboard cutouts :D Well done! Proves that you don't need fancy graphics to be informative and entertaining ;)
You. Are. Awesome. My eyes usually glaze over and I have to re-read or re-watch content about logistics, and you make it completely palatable, and understandable. Thank you!
Thanks for watching!
Doesn't hurt that she's nice to look at :)
I have an exam tomorrow, this made it easy for me, not to mention...made me smile during a stressful time.
Seriously... full concept in very simple words. Got straight into my head. Grate work ...
Third-party logistics in logistics and supply chain management is a company's use of third-party. Its companies operate for the shipping industry to supervise logistic undertakings. A fourth party logistics provider selects the 3PL providers from the market which are most suitable for the logistical issues of his customer.
Can you please tell what are the daily activities of a 3PL and the best practices a 3pl should follow.
I have an exam today n thank you I could understand this easily ❤ n you're awesome
Great video, this is how I explain it to my students:
Subject: Read: Clarification on 3PL versus 4PL lecture today (this is a huge job market for ISMers)
Students:
I think getting an internship at Coyote Logistics (CL) would be an
excellent opportunity for ISM students in general. Just keep in mind
that non asset based 3PLs such as CL, CH Robinson, TQL, etc., recruit across all majors,
especially general management, general marketing, and sales marketing. I
would prefer that students work for companies that pay a premium for
your ISM degree. However, 3PLs provide services in an industry that you are majoring in, so to that
extent it is a great match for you. Also, some of you have strong sales
skills and/or want to develop those skills moving forward in your SCM
careers (which makes sense given that you will be interacting with
suppliers a lot). A major trend in SCM is reverse marketing and supply
base deproliferation. That means buying organizations are trying to
shift a larger and larger amount of volume to a fewer and fewer number
of suppliers (that way they get huge price discounts from economies of
scale, make sense? - this is supply base deproliferation - reduce the
number of suppliers that you do business with). Sometimes, you have to
go to your current suppliers and convince them to take on more business
(that is called reverse marketing). The goal is to do a lot of
outsourcing with a few key strategic suppliers. For example, in
reality, Toyota only has around 12 suppliers.
It would be great work experience and would help you also get your foot in the door for
another internship or even a fulltime job at OEMS such as GM and John
Deere if you got some work experience at a 3PL or 4PL (all work experience is good work experience). Again, a 4PL is a company that can do all logistics for a company and a 3PL
can actually only perform some logistics. For example, if you can only
handle warehousing, but cannot handle inbound and outbound, then you are
a 3PL (a truck driver with a trailer is a 3PL, but he/she is an asset based 3PL if they own the truck and trailer). 3PLS are evolving into 4PLs, which means if a company goes to them, then
they (the 4PL) can perform all logistics services for a customer (i.e.,
inbound, outbound, warehousing, etc. - one stop shopping for all things
related to movement of goods). Coyote Logistics has actually evolved
into a non asset based "4PL" because they can do everything logistics
related for customers. However, because they are non asset based, they
do not own anything themselves. They just outsource everything to 3PLS
and manage the process for their customers. Why would their customers
not do this themselves? Because CL can do it better, faster, and
cheaper and these customers can then focus on their core business (which
usually has nothing to do with logistics). Finally, JB Hunt would be
considered an asset based 4PL because they can perform all logistics
services for companies such as Whirlpool, but JB Hunt actually owns the
stuff it takes to move things around. For example, JB Hunt has trucks,
trailers, drivers, containers, railway capacity, distribution hubs,
etc. However, JB charges a premium for customized services and is not
as price competitive as non asset based 4PLs. Whirlpool is very OK with
that since JB Hunt offers exceptional quality service and JB Hunt still
does it better, faster, and cheaper than Whirlpool. I hope this helps
and makes sense.
Do you feel like you know the subtle difference between a 3PL and 4PL? Would you want to work for a 3PL or 4PL?
Dr. Sime (Sheema) Curkovic, Ph.D., Valluzzo & Lee Honors College Faculty Fellow
Professor, Operations/Supply Chain Management
Western Michigan University, Haworth College of Business
Schneider Hall Room 3246, Kalamazoo, MI 49008-5429
Tel.: 269.387.5413; E-Mail: sime.curkovic@@t
"Better, faster, cheaper"; www.wmich.edu/supplychain
"WMU Integrated Supply Management (ISM)...Nation's best undergraduate SCM
program (Gartner 2014); 2nd in SCM technology (SoftwareAdvice 2015);
2nd in top global SCM talent (SCM World 2017)
Sample Lectures & Should You Major in Supply Chain Management?
@t
Thank u!
International logistics student here - greetings from Peru!
Hey thanks soo muchhh I was searching and watching too much videos about this product but can’t understand then watch yours now all my concepts are clear thanks so muchh 😊
This is one of the best video best explanation I ever come across on RUclips
Thank you guys
I'm honestly subscribing just cuz the editing and the video were so awesome
straight from germany
this is the best video for this theme
WOW WOW
Awesome 👌
Straight and forward explanation
You are the Best.
your energy and way of explanation are just making videos appeal to me for watching . subscribed 👍
Storage, packaging, picking and postage. Great explanation of 3PL considerations!
Please make video on Lean management
Very well done video. Congrats guys!!
Logistics student in Canada. Great video. I intend to start a logistics business. Any advice will be of great help.
goodluck !
Hi 0:36 amazing explanation 1:08
Suppose I want to have custom packages/boxes created. If I use a 3PL, will they ship my orders in my custom packages? If so, how do you arrange that with them?
great presentation
I love this video. Thank you!
Is supply chain and logistics a good career for a mechanical engineer?
Which do you think I should choose for my career growth(3pl,4pl or 5pl)?
Great video, thanks
We have our own warehouses in the US and Europe, I am from a professional international shipping company, do you still need this service now?
So would amazon be a 3pl?
Brilliant. I like the way you explained this in a easy way...!! :-)
Thank you so much! This has literally made my day, you've made something complex so enjoyably simple!
Its massive thing.. well done im here with under the BSC logistics and transport in sri lanka
Great and simplified explanation ......good language skills ....
Thank you great work you've done
what a great way to explain sth and make a video. this is like one of the coolest presentations I've ever seen O__o
Lumi, I like your presentation. Very interacting, interesting and sooo.... informative!
Thank you..Really helpful
Great, does it mean that the manufacture don't have inhouse warehouse. whatever they manufacture that will be sent to 3PL ware house and they maintain. Thank you.
Great Video
Hi! I'm a university student who is doing the retail management couse assignment. my topic for the assignment is online shopping shipment and i found your video very helpful. Since my assignment is to create a video presentation, is it okay if i put about 30 secs of your video where you explain about the 3PL in my video? It is totally for a personal use and will not create a profit out of it.
Hi there! You can certainly use this in your presentation, please site our channel in your sources: ruclips.net/user/LumiHQ Good luck on your assignment!
Thank you so much for the explanations 💕
Hi! I'm college student who taking up Aviation Logistics. I find this video so helpful with my questions regarding to 3PL. Thanks for giving me a precise explanation.
Jennivive Marie Castillo
Email me at
tt.dispatcher@outlook.com Question about the Freight Industry
how pricing analyst works in 3pl?
I like the way you explain..may i ask how to do for a 2PL?
All around a high quality video. Subscribed.
Great presentation
woah !! wonderfully explained !!
Great content
now that's how you explain woah I know I am five years late but thank you :)
You are amazing I am already in my way to have my first interview and I was look too much too long time for this explanation about one and two and three LP
love your presentation
Nice video mam... Really helpful... And your voice is very cute☺️
Very informative and professional thank you
Best video on youtube ..creative nd intresting
Amazing explanation and easy to comprehend
nicely done the video and very simple
Wow.... This was so legible and simple.
amazing explanation, thank you
I hope my subject supply chain management is easy to understand
outstanding elaboration
Very helpful !
Hi Lumi! LOVE your videos. Are there any 3PL's in the LA area that you can recommend?
thanks. Great job explaining everything I need to know
Really a fantastic explanation..!
Thanks a lot...
Hi, Any 3PL Services provider in Germany or France?
Freaking AWESOME production value and fantastic information!@!
Thanks for watching!
Thanks great video!
This is really helpful video. Thanks for sharing
You are brilliant!
useful,,Thank you
I want the old intro text back! Also, cool little channel you've got here :) Cheers.
Great great video
I'm wondering, how to find a 3PL that works with custom repackaging? In case of a customer return, I'd like to repack it in fresh tissue paper, use my gummed paper tape etc. Are there 3PLs that would do that or am I day dreaming?
Ok, I guess the answer is Shipbob, covered in your other video: ruclips.net/video/5AeKY9lTP80/видео.html ;)
Excellent vid compared to the one i just tried to watch.
Love from India 💕
Awesome stuff
Cool video
Good
love you
0:00 😂😂
1:20 Storage Picking Packing Postage
Awesome
Cute
Can't focus, the tutor is cute lol