4Th Party Logistics

4Th Party Logistics

4Th Party Logistics

oboloo’s Glossary

Fourth Party Logistics (4PL) is a procurement model that provides forward-thinking organizations with greater control, agility, and compliance in the procurement process. 4PL involves a third-party logistics provider that acts as an extension of the buyer’s internal team to manage end-to-end supply chain processes from sourcing to delivery. 4PL enables buyers to keep a closer eye on their supply chain and better manage costs, resulting in improved efficiency, quality, and sustainability. Fundamentally, 4PL seeks to maximize value at all levels, from the supplier to the consumer.