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Contract Logistics

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DEFINITION OF 'CONTRACT LOGISTICS'


The outsourcing of resource management tasks to a third-party company.
Contract logistics companies handle activities such as designing and planning
supply chains, designing facilities, warehousing, transporting and distributing
goods, processing orders and collecting payments, managing inventory and even
providing certain aspects of customer service. Examples of major contracts
logistics companies include United Parcel Service, Kuehne + Nagel, Exel, Genco
and DHL.

INVESTOPEDIA EXPLAINS 'CONTRACT LOGISTICS'


Logistics management is an important component of many companies'
profitability and overall success. While some companies manage their own
logistics, others find it more efficient to hire specialized contract logistics
companies to manage their logistics for them. Contract logistics companies often
need to develop a deep understanding of how different industries work in order
to best manage the logistics of a variety of companies.

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Quasi Contract

Oral Contract

Distribution Management

Breach Of Contract

Logistics

Supply Chain

A legal agreement created by the courts


between two parties who ...

Overseeing the movement of goods from


supplier or manufacturer ...

The overall management of the way


resources are obtained, stored ...

A type of business agreement that is


spoken, not memorialized ...

Violation of any of the agreed-upon terms


and conditions of a ...

The network created amongst different


companies producing, handling ...

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