Question 1

Describe the potential strategic needs of 3PL users.

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Question 2

An asset based 3PL can be defined as:

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Question 3

Describe the categories of 3PL providers.

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Question 4

When deciding to form a strategic partnership the book recommends performing an audit of needs and overall strategies with regard to logistics operations. What is the goal of the audit, and what types of information should come from the audit?

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Question 5

When the market for transportation services becomes very competitive, ___________ becomes scare to companies.

Accepted Answer

In a highly competitive market for transportation services, transportation capacity becomes scarce to companies because demand for these services increases, making it harder for companies to secure the necessary capacity to meet their logistics needs.

Question 6

Two basic types of lease agreements for private trucking are:

Accepted Answer

Full service and finance leases are the two basic types of lease agreements for private trucking. A full-service lease typically includes maintenance and other services, while a finance lease is more about the financing of the vehicle purchase.

Question 7

Shipments for over the road carriers that average 45,000 pounds require ____________.

Accepted Answer

Shipments that average 45,000 pounds typically require a 5 axle tractor trailer combination to safely and legally transport the load over the road. This configuration provides the necessary support and weight distribution for heavy loads.

Question 8

Outline the steps involved in establishing and sustaining a 3PL relationship.

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Question 9

According to the text book the definition of a 3PL is:

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Question 10

Describe the strengths and weaknesses of a non-asset based 3PL

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Question 11

List five of the eight elements of a well structured 3PL operating model.

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Question 12

Describe the future issues and challenges facing the 3PL industry.

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Question 13

Explain the concept of partnership drivers and identify four partnership drivers.

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Question 14

While many 3PLs have expertise in some of the special service areas, leading 3PLs are pursuing two additional capabilities, these are:

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Question 15

Over the road carriers are usually paid on the basis of the ___________.

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Over the road carriers are typically compensated based on the distance they travel, measured in miles driven, rather than the weight of their equipment, the number of days they spend on the road, or government rate tables.

Question 16

A financial base 3PL does what?

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Question 17

Describe the strengths and weakness of an asset based 3PL.

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Question 18

What is the primary role of an Air Freight Forwarder?

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Question 19

Some companies decide to avoid carriers and 3PLs and retain a __________ for their shipping needs.

Accepted Answer

Companies that decide to avoid carriers and 3PLs (Third-Party Logistics) often retain a private fleet for their shipping needs. This allows them full control over their logistics and shipping operations.

Question 20

Please list and explain four of the ten intermediary and special services (as listed in the textbook) which are offered by 3PLs to their customers.

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Quiz 9: Third Party Logistics