Logistics Service Providers

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Outsourcing logistics operations to a third party is known as logistics service providers management. These third parties, referred to as logistics service providers (LSPs), are employed by businesses or clients to perform logistics services. At any given time, LSPs may offer logistic services to one or more clients. One or more LSPs may be chosen by clients to provide all or a portion of their logistical services. When delivering data to an LSP, the client notifies the LSP of the receipts or shipments, and the LSP manages the transaction on the client’s behalf. As a result, the customer may engage in a transaction as a buyer or seller.

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