Opportunity Cost. Share: In economics, âthere is no such thing as a free lunch!â Even if we are not asked to pay money for something, scarce resources are used up in production and there is an opportunity cost involved. Opportunity cost measures the cost of any choice in terms of the next best alternative foregone. 1  Work-leisure choices: The opportunity cost of deciding not to work an extra ten hours a week is the lost wages foregone.
According to Bridgefield Group, a third party logistics provider, or 3PL, âis an outsourced provider that manages all or a significant part of an organizationâs logistics requirements and performs transportation, locating and sometimes product consolidation activities.â.
A non asset based 3PL is free from vested interests that can sometimes influence an asset based 3PL. For example, when it comes to freight claims management, a non-asset 3PL can also avoid any bias when acting to protect you in case of a claim for damages as it is in the best interest of the non asset 3PL to get the highest payment for your claim, offering clear and open communication.