Logistics Model can be defined: 1PL (First Party Logistics): A Company sends goods or products directly; 2PL (Second Party Logistics): A Company utilises the vehicles or planes to transport goods or products; 3PL (Third Party Logistics): A Company maintains management oversight through a 3rd party outsourcing transportation and logistics company; 4PL (Fourth Party Logistics): A Company outsources management of logistics activities as well as the execution across the supply chain; 5PL (Fifth Party Logistics): A 5PL Provider supplies innovative logistics solutions and develops an optimum supply chain network. (Refer to the Fourth Party Logistic Model (4PL))
Related Definitions in the Project: The Logistics Management
