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What is a 3PL?

What is a 3PL?

3PL (Third-Party Logistics) refers to outsourcing logistics and supply chain management functions to a third-party company. These providers offer services…

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What is ABC Analysis?

What is ABC Analysis?

ABC analysis is a widely used inventory categorization technique rooted in the Pareto principle (the 80/20 rule). Its primary purpose…

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