𝐖𝐡𝐚𝐭 𝐈𝐬 𝐅𝐨𝐮𝐫𝐭𝐡 𝐏𝐚𝐫𝐭𝐲 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 (𝟒𝐏𝐋)? [CASE STUDY]
Logistics can be defined as the management of acquiring, storing, and transporting of resources to its final destination. Fourth party logistics is the most innovative form of outsourcing and has rapidly been gaining popularity since past few years. The fourth party logistics also has a lot to offer in the management of inbound raw material supply, dynamic logistics, demand driven logistics, and global orchestrator.
The need of an economic and effective management system, which has benefits of both in and outsourcing majorly drives the market growth. In addition, increase in complexities in operation process and rise in demand for customized solutions also boosts the market. However, reluctance of companies to outsource the logistics function hinders the growth of the market. Most of the companies just refuse to embrace this concept because of the fear, they will not have full control over supply chain.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐏𝐃𝐅: https://bit.ly/3KsglJf
The 5PL model tends to meet the needs of future logistics companies and has significant impact on the development of # Internet #of #things (IoT). The #5PL online payment function simplifies the transaction & the convenience for the customer to respond directly regarding the quality of the service. Market innovators like Amazon, Walmart, Uber, Airbnb, and AWS have ushered the “On-demand economy” by offering extremely high-level services such as “24-hr delivery”, “1-hr delivery”, and “on-demand server space” while maintaining complete visibility of the process among the customer. Therefore, customer satisfaction is the touch-point between a company & its customer.
Comments
Post a Comment