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Logistics: The process of planning, implementing and controlling the efficient, effective flow and storage of goods, services and related information from point of origin to point of consumption for the purpose of conforming to customer requirements.

Supply: The total amount of goods or services available for purchase at any specified price along with the demand.

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Difference between 3pl and 4pl logistics?

The difference between a 3pl (third party logistics) firm and 4pl (fourth party logistics) company is the access to resources. The 3pl company will be the traditional integrated company that provides logistics such as shipping firms, warehousing, and data management. The 4pl company will take all those services and go one step further by developing methods, computer systems, and concepts brought to function via all the same resources that a 3pl provides.


What is the differences between third party logistics and fourth party logistics?

In 3rd party logistics, firms own their own assets. They can perform more than one or more logistics services. in 4th party logistics, firm do not own any type of assets. they work as an intermediary between the firm and the service provider. they only arrange the logistics services. they provide assets for the firm for logistics as on rent.


What is difference between procurement and logistic?

Procurement is about buying. Logistics is about transporting.


What is the difference between logistics and shipping?

shipping in general is defined as movement of goods from one place to another. it is the general term used in all kind of movements. logistics is the part of supply chain and it comes with warehousing, transportation,packaging. Logistics is broadly defined as cost effective placements of resources at right time,right place.


Difference between change in supply and change in quantity supply?

no


What is another name for supply?

Logistics


What is a difference between freight and logistics?

Freight refers to the physical goods being transported from one place to another, while logistics refers to the management of the flow of goods, including transportation, storage, and distribution. Freight is a component of logistics, which encompasses a broader range of activities to ensure effective movement of goods.


What is the Difference between supply voltage and input voltage?

no difference...


What is difference between individual supply curve and market supply curve?

The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.


What is difference between provide and supply?

in business


What is the difference between supply function and supply curve?

supply function can be defined as the quantity of a good.


Why do you want a career in the Logistics and Supply Chain sector?

There is more growth, opportunity, coordination between all of the heir employs