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      Reimo Lall

      Corporate business media and news feed
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      W e at Wiima wanted to give our 2 cents on the buzz around the modern-day buzzword: AI. We played with the new Microsoft Bing: 1st question : let’s start w

      AI meets 4PL logistics: A trial run with Microsoft Bing

      Andmerobot
      W e at Wiima wanted to give our 2 cents on the buzz around the modern-day buzzword: AI. We played with the new Microsoft Bing: 1st question : let’s start with an easy one: “ What is 4PL logistics?” Answer:  4PL logistics stands for Fourth Party Logistics. It is a type of logistics service that provides end-to-end supply chain management solutions to businesses. A 4PL provider acts as a single point of contact between the customer and multiple logistics service providers (LSPs) such as carriers, freight forwarders, customs brokers, and warehouses. The 4PL provider manages the entire

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      WIIMA LOGISTICS OÜ / Andmerobot

      Wiima Logistics - Transforming supply chain: The advantage of 4PL over 3PL

      Third-party logistics (3PL) and fourth-party logistics (4PL) play critical roles in today’s complex global logistics. While 3PLs concentrate on specific supply
      ssb.ee
      Third-party logistics (3PL) and fourth-party logistics (4PL) play critical roles in today’s complex global logistics. While 3PLs concentrate on specific supply chain elements, such as transportation or warehousing only. 4PLs have a strategic approach to managing and optimizing the complete supply chain network. This is in contrast to what 3PLs offer. For a business, 4PLs have a transformational advantage over 3PLs. 4PLs bring a paradigm change in supply chain efficiency, but still, the understanding around these differences has been limited to the larger businesses. Here, we will find out the

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