Question $6(1$ point$)$

What best defines Fourth party logistics $(4$PLs$)$ providers?

Organizations also referred to as depot repair hubs. Typically, they are service companies that provide repair services, refurbishment and liquidation for $3$PLs

The process used to record and track returned products and reason for return by consumers

A purchaser of goods from a seller or exporter for purposes of resale on its own account. Differs from an agent in that a distributor cannot bind the seller contractually

Methods were designed to eliminate the need for inventories. Raw materials are instead delivered to the assembly line in a factory "just in time" and assembled into the final product thus eliminating the waste and cost of huge inventories and enhancing product quality