Industrial Management Question:

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Logistics is the process of effectively moving the goods
from the point of origin or from any supply point to the
point of consumption. The term effectively is the key in
logistics, it denotes ‘how well it meet the demand’ by
considering the factors like time, quantity, quality, cost
etc. Logistics includes various intermediate activities
like information, inventory, material handling,
transportation, warehousing and now the new era brings the
word called collaboration to frame the new terminologies
called 3PL and 4PL. 3PL is nothing but Third party
logistics, that is ‘a core logistics player executing any
logistics work outsourced by a manufacturer or others’.
Conversely, 4PL is Fourth party logistics, ‘a core
logistics player having collaboration with other players in
order to perform all the logistic works outsourced by a
manufacturer or client’. The term “any logistics work”
and “all logistics work” give the distinction between the
two.