What is FOURTH PARTY LOGISTICS (4PL)?

Specialist firm (the fourth party) hired to coordinate two or more third-parties’ activities. An entity contract operational logistics to these outsourcing third-party specialists.

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Related Legal Terms

THIRD PARTY LOGISTICS (3PL), FOURTH DIMENSION, LOGISTICS MANAGEMENT, PARTY IN INTEREST, PARTY, FOURTH GENERATION LANGUAGE (4GL), THIRD PARTY LETTER OF CREDIT (L/C), PARTY, NECESSARY PARTY, CONTRACT LOGISTICS


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