Hmmm… then what is a 4PL? Well, we saw that a 3PL is primarily focused on foundational logistics, warehousing and distribution activities. “4PL” stands for “Fourth Part Logistics.” A 4PL takes 3PL expertise and marries it with additional competencies and offers services that go deeper into the supply chain
Supply Chain Corner
Do you every ask employees at the big box stores if there are any more of “product x” in the back? In the 1970-80s the… Read More »Did COVID Turn Just-in-time Inventory Management on its Head?
Why “Hire” a Logistics Services Provider (aka: 3PL, 4PL, 5PL, ultimately a “Supply Network Services” company)?
I don’t like the term “hire”, though it will certainly be a contractual relationship. I prefer for it to be considered a partnership, teaming, even… Read More »Why “Hire” a Logistics Services Provider (aka: 3PL, 4PL, 5PL, ultimately a “Supply Network Services” company)?
“The Vital Few and the Trivial Many.” — J.M. Juran ABC analysis in an inventory method that is loosely based on the Pareto Principle. The… Read More »ABC Analysis for the Right Amount of Attention at the Right Time