Automotive maintenance is an inconvenient fact-of-life that eats up valuable time. And the last thing you want to experience is more waiting when you learn that the repair shop doesn’t have the parts in stock that your vehicle needs. Going without your personal vehicle even for just a day can totally disrupt your life.
Organizations that are managing a complex global supply chain are often in search of partners with more leverage on logistics spend as well as looking to reduce complex procurement processes, but what differentiates a 4PL relationship from that of a 3PL?
Matt Lewis, GEODIS | SCO's, Business Development VP, and Adrian González, Founder/Host of Talking Logistics, discuss what companies should be looking for when pursuing a 4PL relationship.
Watch this video to find out their insight! 🎥
Jean-Jacques Laffont, a French economist, defined Procurement as "the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process."
Even though the core concept remains the same over decades, the reality is that in practice, procurement must evolve and adapt over time especially as technology advances around it.
Procurement is focused on making buying decisions that involve cost-benefit or cost-utility analyses but many debates still persist in acquiring Logistics services such as “do I enable my internal logistics department to make these decisions” or “do I centralize the process through an enterprise-wide procurement organization”.
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