When moving cargo by road, you will often have to decide between using a Full Truckload (FTL) service or a Less Than Truckload (LTL) one.Many factors are taken into account when making this decision, but before we review a few of them, let’s first define and highlight the main differences between TL and LTL.
The 4PL term – short for fourth party logistics – dates back to 1996 and was coined by Accenture who defined a 4PL as: “A supply chain integrator that assembles and manages the resources, capabilities, and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.”
Supply chain definition – what is a supply chain. The term Supply chain can be defined as “the sequence of processes involved in the production and distribution of a commodity” and it is generally said to concern the management of 3 main flows:
