Logistics

In: Business and Management

Submitted By madz20
Words 1274
Pages 6
1PL: First Party Logistics * First party logistics accounts for the two parties benefiting from the transaction, but mainly the vendor/supplier. * A First party logistics provider is specifically the consignor of goods, the transaction party that has organized transport to the receivers chosen destination.

2PL: Second Party Logistics * Second party logistics involve specifically the carriers of goods for the transaction, which can be rail, road, sea and/or air. * A second party logistic provider specialise in the transport area of the supply chain, getting goods from one point to another. They can be an asset-based carrier and own the means of transportation, for example shipping lines which charter or lease their own ships, or airlines that are contracted to use their passenger flights to transport air freight from origin A to destination B.
3PL: Third Party Logistics * Third Party Logistics still primarily concerns goods transportation from a supplier/consigner to a buyer/consignee, but includes additional services involved in the supply chain. These services can include warehousing, terminal operations, customs brokerage, supply chain management, IT analysis and track and trace. * A 3PL logistics provider supplies all or some of these services and manages the obligations of each party from goods departure to destination. For example, BCR is a 3PL service provider specialising in freight forwarding and customs brokerage, but also provides e-fulfilment services, warehousing and other supply chain management services for your business. See what BCR did in the Barbeques Galore case study here.

4PL: Fourth Party Logistics * Fourth party logistics is essentially employing an overseer for a company’s entire or certain parts of the supply chain, while also managing 3PL’s that are already in place. They must have an integrated…...

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