SOURCE: API Outsourcing, Inc.

February 17, 2006 13:21 ET

Growth Strategies for Third Party Logistics Companies

How Using Freight Payment & Audit Services Can Help Position Your Company for Growth

ST. PAUL, MN -- (MARKET WIRE) -- February 17, 2006 -- According to a recent survey, 84%-90% of companies using 3PL suppliers believe that 3PLs should provide a comprehensive set of offerings. Almost half of those respondents further stated that their companies were reducing, or at least rationalizing, the number of 3PLs they currently use. With limited resources and the need to stay innovative, many 3PLs are looking to outside solutions to help build their unique product offering. J. Peter Donlon, Executive Vice President, API Outsourcing, discusses how to identify if partnering with an outside expert makes business sense in a recent article entitled "Growth Strategies for Third Party Logistics Companies." The article states five key questions that every 3PL should ask to determine if a sourcing decision makes sense. If a 3PL concludes that sourcing brings significant business value, the article includes five key criteria that should be evaluated in considering the best partner.

One approach that 3PLs can take to position themselves for growth is to partner with a freight payment and audit company to handle back-office freight payment processing. Benefits of using an outside freight payment and audit company include cost savings, retention of current clients, an additional revenue stream, and the ability to focus on core competencies and future growth.

About API Outsourcing

API Outsourcing, Inc. (API) is a leading Business Process Outsourcing (BPO) provider of invoice automation solutions for mid-size to Fortune 1000 companies. Headquartered in St. Paul, MN, services are delivered through onshore production facilities. API delivers solutions to transform clients' manual paper-dependent freight payment and audit, billing, accounts payable, and document management processes into innovative automated processes. The company currently manages over 250 million transactions for clients annually. Clients benefit from the significant increase in process efficiency, profitability and financial control. API uses Six Sigma techniques to ensure quality service. Please visit www.apioutsourcing.com or call 651.675.2600 to learn more.

To read the article in its entirety, click on the following link http://www.apioutsourcing.com/company/news35_GrowthStrats_3PL.html

Contact Information

  • CONTACT:
    Debra Kosch
    API Outsourcing, Inc.
    651-675-2631
    Email Contact