Youll find brief explanations of the technical terms used in logistics in this gray box and most others.
NOS = never out of stock. Defines articles which the customer always expects to be available ex stock and which therefore have a high competence character.
Normally describes the part process of placing repeat orders for NOS articles, e.g. via order point or order quantity methods.
SCM makes up the second substantial pillar of the ECR philosophy next to Category Management. The term stands for the through-going optimization of the value added chain, from production via procurement, central warehouse and branch logistics right through to the replenishment of basic or NOS articles.
4PL as guiding category.4PL, the acronym for 4th Party Logistics,has been an important concept in the science of logistics since the end of the nineties. At first widely ignored and limited to a few articles and contributions in specialist publications, the concept has seen an amazing development over the last years. Leading logistics scientists have raised 4PL to their guiding category.
Fourth dimension of logistics.The term 4PL describes general logistics enterprises(4th Party Logistics Provider)which master the fourth dimension in logistics in other words: capable of making competent plans for their clients cross-operational and value added chains(Supply Chain Planning), of designing and controlling(Supply Chain Execution)and accompanying their clients both in tactical and operative terms(Supply Chain & Compliance Monitoring).
Highly intelligent and powerful platform.Whereas the 1PL, 2PL and 3PL providers including LLPs limit their logistics services to controlling, managing and monitoring the flow of material and information, 4PL logistics providers focus on the fundamental cross-sectional attitude of the schedule-efficient, customer and process oriented coordination of added value activities. This makes 4PL currently the most intelligent and powerful platform for management-driven logistics concepts (cf. 4PL Power above).
4PL – Excellent Logistics Solutions.
For more information on the 4PL philosophy, the 4PL mode of work and on the terms used in logistics, contact HQ of 4PL Central Station Group in Basel, Switzerland. Click Contact above and send us your enquiry.