Defining Fourth-party Logistics Fourth-party logistics (4PL) companies interface between their client and multiple logistics service providers – directing every moving part within a supply chain, including third-party logistics (3PL) and transportation suppliers. 4PL service providers are a strategic partner to their clients that strive to drive supply chain efficiency. Benefits of 4PL Providers Effectively managing… Read More
What is design-build? Design-build is a project delivery method where a real estate developer works under a single contract with a client to provide both design and construction services. Developing a property this way streamlines a project and creates a unified workflow from site selection through completion. Its alternative, often referred to as design-bid-build, provides… Read More
A warehouse management system (WMS) is a software application that helps standardize and manage daily operations in a warehouse. It optimizes warehouse functionality, provides visibility to inventory specifications and movement, and facilitates supply chain fulfillment operations from the distribution center to the destination. A WMS typically includes basic functionality to manage the following: Receiving Picking… Read More