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.
The major differences between a public warehouse and a 3PL are the services provided. With a public warehouse, you can store your goods, but you may need to coordinate their movement in and out of storage.This works fine for businesses with automated in-house systems that manage their supply chain. public warehouse is a business that provides storage to multiple businesses on a short or long-term basis. The public storage warehouse typically owns its own equipment and staff to manage the operations of the facility.