Fifth Party Logistic Model (5PL)
Fifth Party Logistic Model (5PL). This applies when the switch is made from supply chains to supply networks.
A fifth party logistic service provider guarantees the management of networks of supply chains. The industrial actor hires third parties for the supply of strategic, innovative logistical solutions and concepts. A fifth party logistic service provider develops and implements, preferably in close consultation with the client, the best possible supply chains or networks. Fifth party logistic is often linked to E-business.