The Role of 4PL

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The Role of 4PL
V Arun Kumar, Student (MBA), India

A Brief Deion regarding the architecture of Fourth party logistics

When we look at business holistically, there are four distinct dimensions that account for every decision and action. These four dimensions are strategy, marketing, operations and finance. In the last decade the role of operations has increased, which led to fast improvements in any firm that generates value for customers through manufacturing, logistics, or service delivery.
The increasing realization of the importance of timely delivery of materials and products are slowly changing the way companies are looking at logistics. The latest trend is a desire to reduce the number of logistics providers to a single, accountable firm that can manage the entire process. Fourth Party Logistics (4PL) provides solution to this latest trend. Fourth Party Logistics is one of the most cited and analyzed concepts in Operations Management and Supply Chain Management.
This paper provides the architecture for a 4PL firm, that describes about the products and services provided by a 4PL firm. These firms manage a comprehensive supply chain solution for a client, which is crucial for companies looking to reduce cost. They are characterized by a broad scope of multi-modal services, global reach, complex management capabilities, and superior technological systems.

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