Fourth Party Logistics

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What is Fourth PartyLogistics (4PL) ?

• https//www.sumpaplogistics.com

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Fourth Party Logistics (4PL)

• Fourth Party Logistics (4PL) is the outsourcing
  of logistics operations to a logistic company.
  The logistics company will be responsible for
  assessing, designing, building, running and
  measuring integrated supply chain solutions for
  the client. The fourth party Logistics (4PL)
  service provider performs activities,
  traditionally handled by internal expertise staff
  and resources.

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Advantages of Outsourcing Logistics

• Single point of contact
• Open-book management, full transparency
• Industry best practices benchmarking
• Data ownership visibility (reporting)
• Material flows optimization
• Substantial logistics costs savings
• Gain in productivity
• Global sourcing strategy synergies

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The 4PL is different from 3PL for the following
reasons -

• 4PL is much suitable for medium-to-large
  businesses while 3PL is suitable for
  small-to-medium businesses.
• 4PLmaintains and controls all process within the
  supply chain network while 3PL focuses more on
  logistics operations.
• 4PL maintains a single point of contact for its
  operations.

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Overview

• The concept of Fourth Party Logistics (4PL) is
  earning popularity due to the increasing
  complexity of the supply chain. This complication
  can be attributed to the creation of number of
  product options, logistics arrangements and
  packaging designs. So, businesses are opting for
  experienced and reliable 4PL service providers
  that can carry value and an innovative approach
  to supply chain management.
• The Fourth Party Logistics (4PL) service
  providers, by taking care of the entire supply
  chain, helps company access a broader base of
  enhance market transparency for goods and
  services, integrate back-end system, potential
  suppliers, reduce cost of procurement, and
  standardize and automate order placement. Fourth
  Party Logistics (4PL) solutions are considered
  excellent for medium to large sized businesses
  looking for a complete logistics solution.

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Thank You

• https//www.sumpaplogistics.com/4pl-services-provi
  der/