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Studies on Change of Logistics Concept and Introduction of 4PL

East Asian Journal of Business Economics / East Asian Journal of Business Economics, (E)2288-2766
2021, v.9 no.1, pp.27-39
https://doi.org/10.20498/eajbe.2021.9.1.27
jinhwankim
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Abstract

Purpose – According to the actual change of the logistics concept, the outsourcing activities of companies are actively progressing, and this is proceeding to third-party logistics and fourth-party logistics. This change in logistics situation raises the need for an in-depth understanding of four-party logistics. From that point of view, the purpose of writing this paper is. Research design, data, and methodology – In this study, first of all, the theoretical aspects of changes in the logistics concept are identified, third-party logistics among the 1st, 2nd, 3rd and 4th logistics, and outsourcing activities. Finally, the concept of four-party logistics, the background of its introduction, and future prospects will be explored. Result – The meaning of material distribution is now passing through the existing three-party logistics and entering the era of four-way logistics. In addition, cost reduction and improvement of customer service through advanced logistics strategy can be said to be the company's competitiveness. Through this study, it can be seen that the conceptual change of logistics and the introduction of four-party logistics are closely related to the survival of the company's deficit in the market. Conclusion – In modern society, logistical competitiveness is the competitiveness of a company, and it can be seen that the logistical activities of a company can be achieved through the process of entering the four-party logistics from the existing third-party logistics based on outsourcing. This means that a more customer-oriented service can be provided from the standpoint of a company.

keywords
Logistics, Outsourcing, Model, Third Party Logistics, Fourth Party Logistics

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East Asian Journal of Business Economics