Implementing 3PL and 4PL Strategies in the Value Chain

Implementing 3PL and 4PL Strategies in the Value Chain

About the Program

In an increasingly challenging overall market situation, it is difficult for any organization to anticipate and accommodate all internal expertise. Outsourcing logistics allows an organization to concentrate on its core strengths rather than manage non-core yet crucial operations. This program introduces the concepts of third-party logistics (3PL) and fourth-party logistics (4PL) and how they improve an organization's overall supply chain and market competitiveness. If an organization decides to utilize a service provider, a proven implementation strategy for a 3PL is provided.

Who Should Attend this Program

• C-level officers, supply chain executives, and financial management executives. • Organizations that want to boost the efficiency of their outsourced logistics operations. • Professionals engaged in the company's logistics operations. • Individuals who are active in procurement, transportation, logistics, distribution, and warehousing. • Suppliers, distributors, and inventory professionals. • Project managers, supply chain managers, logistic managers, warehouse managers, and supply chain analysts.

Course Content

• An introduction to Third-Party Logistics (3PL)

• Third-party logistics (3PL) services

• An introduction to Fourth-Party Logistics (4PL)

• Differentiation between a 3PL and a 4P

• Boost the responsiveness of the supply chain

• Analyzing the selection between a 3PL or a 4PL