3PL Blog Managed Supply Chain: What Is It and How It Can Gain You More Business

The idea of "Managed Supply Chain" is based on the more traditional idea of "Managed Transportation" or "Managed Transportation Services (MTS)." In this more traditional sense, shippers would generally pay a management fee to a third-party logistics (3PL) provider to not only tender loads, but also for: sourcing and procurement (RFP management), carrier and mode optimization (via rate and lane optimization), planning and execution (bread and butter of a typical 3PL relationship), auditing and payment (confirmation and optimization of certain lanes, modes, and classes).