5PL Meaning in Logistics
5PL, or Fifth-Party Logistics, refers to a type of logistics service provider that focuses on three elements:
- design
- development
- implementation of supply chain management systems
5PL organizations take a holistic view of a client’s supply networks and logistics operations.
They develop customized solutions to improve the efficiency and effectiveness of supply networks. 5PL logistics term is a new phenomenon in the world of business.
Filter