What do u kwn abt logistics industry. What is fifo in warehouse industry What is difference between 3pl 4pl and 5 pl in supply chain What's the process to manage warehouse.

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Accepted Answer

Logistics industry involves the planning, implementation, and control of the movement of goods and services from one point to another.

FIFO stands for First-In-First-Out and is a method of inventory management in which the oldest stock is sold or used first.
3PL (Third-Party Logistics) involves outsourcing logistics and supply chain management functions to a third-party provider. 4PL (Fourth-Party Logistics) involves outsourcing the management of the entire supply chain to a single provider. 5PL (Fifth-Party Logistics) involves outsourcing the management of the entire supply chain to multiple providers.
The process to manage a warehouse involves receiving and storing goods, picking and packing orders, and shipping products to customers. It also involves inventory management, quality control, and safety measures.

What do u kwn abt logistics industry. What is fifo in warehouse industry What is difference between 3pl 4pl and 5 pl in supply chain What's the process to manage warehouse.

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