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.”
Continue reading What is a 4PL?
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:
Continue reading The supply chain – its material and logistics flows
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