Fourth party logistics (4PL)

Fourth party logistics (4PL),

Definition of Fourth party logistics (4PL):

  1. Arrangement in which a firm contracts out (outsources) its logistical operations to two or more specialist firms (the third party logistics) and hires another specialist firm (the fourth party) to coordinate the activities of the third parties.

Meaning of Fourth party logistics (4PL) & Fourth party logistics (4PL) Definition