Recently, the field of logistics is becoming strategically important. At the same time, it is b?oming increasingly complex because of the rapid advances in management methods and enabling information systems. The development of logistic relationships ...
Recently, the field of logistics is becoming strategically important. At the same time, it is b?oming increasingly complex because of the rapid advances in management methods and enabling information systems. The development of logistic relationships has brought mixed results. Particularly, logistics outsourcing is a rapidly expanding source of cost savings, competitive advantage, and customer service improvements. Thus, it appears that Third Party Logistics (3PL) and concepts could be useful in meeting the goals of the logistics function. However, Third Party Logistics provider, many a times, lack broad set of skills, integrating technologies, strategies and global reach. Fourth Party Logistics (4PL) is the next significant evolution in supply chain outsourcing. This research focuses on how best to manage a Third Party Logistics(3PL) and Fourth Party Logistics(4PL) relationship.