Third-party logistics (3PL) procurement is a business process in which a company outsources its procurement activities to a third-party provider. This provider is responsible for managing the company’s supply chain, including the procurement of materials, production, and distribution of goods. 3PL procurement offers a number of advantages, including cost savings, improved efficiency, and access to a wider range of suppliers. Additionally, 3PL procurement can help companies to reduce their risk exposure, as the third-party provider is responsible for managing the supply chain and ensuring that all materials are sourced from reliable suppliers. Furthermore, 3PL procurement can help companies to increase their flexibility, as the third-party provider can quickly adjust to changing market conditions. By outsourcing procurement activities to a third-party provider, companies can focus on their core business activities, while the third-party provider takes care of the procurement process. Ultimately, 3PL procurement can help companies to reduce costs, improve efficiency, and increase their flexibility.