What is 5PL?
What is 5PL? A fifth party logistics (5PL) model allows businesses to outsource their entire supply chain to a specialized logistics provider. This logistics solution embraces all cutting-edge technology...
What is Dead Freight and How to Prevent It?
What is Dead Freight? When the reserved space on a ship is not entirely used or paid for by the shipper, it is called dead freight. It compensates for...
Impact of TPS Lean Manufacturing Strategy On Logistics
Introduction to Toyota Production System (TPS) The Toyota Production System (TPS), in brief, is a highly acclaimed global system of lean manufacturing developed by Toyota Motor Corporation, which aims...
What is 1PL?
What is 1PL? 1PL stands for First Party Logistics, which designates a firm that manages the warehousing and transport of its merchandise by itself and does not make use...
What is a dark warehouse
What is A Dark Warehouse? A dark warehouse is an automated warehouse with minimal human presence where robots, artificial intelligence, and smart systems perform the work of receiving, storing,...
Supply Chain Performance Measurement
What is Supply Chain Performance? Supply chain performance relates to the effective and efficient operation of supply chains to meet customer needs and ensure product availability, timely delivery, and...
