A 4PL is
A) a 3PL owned by transportation related firm.
B) a 3PL located in a foreign trade zone.
C) a 3PL looked to for providing competencies related to knowledge availability, information technology, and skills in forming and sustaining supply chain relationships
D) a group of 3PLs owned by the company.

Question

Quizplus · Accepted Answer

A 4PL, or fourth-party logistics provider, is a supply chain integrator that looks to provide competencies related to knowledge availability, information technology, and skills in forming and sustaining supply chain relationships. Unlike 3PLs, 4PLs do not own their own assets or warehouses, but rather manage and coordinate the activities of multiple 3PLs and other service providers to optimize supply chain efficiency and effectiveness.

A 4PL Is