24-09-2012, 12:11 PM
A STUDY ON CONSOLIDATION OF FREIGHT FOR INBOUND RAW MATERIALS (3PL services)
ABSTRACT
The project deals with the study of the factors that affect the consolidation of freight for inbound raw materials (3pl services). The main objective is to study the advantages and disadvantages of using the 3PL Services by the company and to study the company’s perception on freight charges. In the first chapter, an introduction to the study is given and the objectives, scope, and limitations of the study have been given. The basic information on freight charges is also been given. Second chapter gives the information regarding the logistics Industry and it also gives a complete profile of TATA STEEL ltd.
The observations and findings from the study have been discussed in the fourth chapter. This chapter also gives recommendations to the company based on detailed analysis and then concludes the study. The analysis had been carried out for 8 weeks and finally from observations and results we find that it would be better for the company to go with 3PL Services.
We suggest company should recommend for a 3PL service provider to reduce its overall costs. Although the freight charges are similar for maximum destinations but the costs incurred for natural calamities and other costs such as vehicle maintenance and toll taxes need not be bared by company if they outsource their logistics to 3PL services. Company could save its costs if they do so and also reduce their idle time and cost.