Factors influencing decision-making in buying process of express logistics services
Background: Logistics is an integral component for success of an organisation. So correct decision on express logistics procurement plays a critical role in success in delivering right product at right place and right time. Procurement of express logistics service is not very straight forward, inste...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
AOSIS
2023-12-01
|
| Series: | Journal of Transport and Supply Chain Management |
| Subjects: | |
| Online Access: | https://jtscm.co.za/index.php/jtscm/article/view/949 |
| _version_ | 1797405022685757440 |
|---|---|
| author | Vikash Khatri Ajay Pandey Anita Kumar |
| author_facet | Vikash Khatri Ajay Pandey Anita Kumar |
| author_sort | Vikash Khatri |
| collection | DOAJ |
| description | Background: Logistics is an integral component for success of an organisation. So correct decision on express logistics procurement plays a critical role in success in delivering right product at right place and right time. Procurement of express logistics service is not very straight forward, instead it requires evaluation of multiple factors.
Objective: The objective of this research is to create a framework of influencing factor on express logistics buying decision.
Method: For the study, researchers has adopted secondary research along with primary research with group of 14 subject matter experts in field of Indian logistics sector. A group of experts comprises of senior managers, consultants and academicians with deep understanding of subject. We have used ISM (Interpretive Structural Modelling) and Cross Impact Matrix Multiplication Applied to Classification (MICMAC) to drive conceptual framework for logistics buying decision.
Results: Framework shows that the decision making in logistics procurement should be highly driven by factors like network reach of Logistics Service Provider (LSP), technology followed by information sharing and strategic partnership. While service quality and cost of logistics remains as frontend factors in logistics procurement decision.
Conclusion: The model output clearly suggests that final objective in buying process of express logistics is driven towards lower cost and improved service level, but it is driven by factors which directly adds value in supply chain like time to market and reverse logistics, technology and reach.
Contribution: The model provides a framework for practitioners, which can enable them in decision making process of logistics procurement. |
| first_indexed | 2024-03-09T03:04:39Z |
| format | Article |
| id | doaj.art-1876f961686b4e9a9432518ce161394d |
| institution | Directory Open Access Journal |
| issn | 2310-8789 1995-5235 |
| language | English |
| last_indexed | 2024-03-09T03:04:39Z |
| publishDate | 2023-12-01 |
| publisher | AOSIS |
| record_format | Article |
| series | Journal of Transport and Supply Chain Management |
| spelling | doaj.art-1876f961686b4e9a9432518ce161394d2023-12-04T08:08:00ZengAOSISJournal of Transport and Supply Chain Management2310-87891995-52352023-12-01170e1e810.4102/jtscm.v17i0.949339Factors influencing decision-making in buying process of express logistics servicesVikash Khatri0Ajay Pandey1Anita Kumar2CII School of Logistics, Amity University, NoidaFORE School of Management, New DelhiCII School of Logistics, Amity University, NoidaBackground: Logistics is an integral component for success of an organisation. So correct decision on express logistics procurement plays a critical role in success in delivering right product at right place and right time. Procurement of express logistics service is not very straight forward, instead it requires evaluation of multiple factors. Objective: The objective of this research is to create a framework of influencing factor on express logistics buying decision. Method: For the study, researchers has adopted secondary research along with primary research with group of 14 subject matter experts in field of Indian logistics sector. A group of experts comprises of senior managers, consultants and academicians with deep understanding of subject. We have used ISM (Interpretive Structural Modelling) and Cross Impact Matrix Multiplication Applied to Classification (MICMAC) to drive conceptual framework for logistics buying decision. Results: Framework shows that the decision making in logistics procurement should be highly driven by factors like network reach of Logistics Service Provider (LSP), technology followed by information sharing and strategic partnership. While service quality and cost of logistics remains as frontend factors in logistics procurement decision. Conclusion: The model output clearly suggests that final objective in buying process of express logistics is driven towards lower cost and improved service level, but it is driven by factors which directly adds value in supply chain like time to market and reverse logistics, technology and reach. Contribution: The model provides a framework for practitioners, which can enable them in decision making process of logistics procurement.https://jtscm.co.za/index.php/jtscm/article/view/949logisticsexpress logisticslogistics buying decisionismmicmac |
| spellingShingle | Vikash Khatri Ajay Pandey Anita Kumar Factors influencing decision-making in buying process of express logistics services Journal of Transport and Supply Chain Management logistics express logistics logistics buying decision ism micmac |
| title | Factors influencing decision-making in buying process of express logistics services |
| title_full | Factors influencing decision-making in buying process of express logistics services |
| title_fullStr | Factors influencing decision-making in buying process of express logistics services |
| title_full_unstemmed | Factors influencing decision-making in buying process of express logistics services |
| title_short | Factors influencing decision-making in buying process of express logistics services |
| title_sort | factors influencing decision making in buying process of express logistics services |
| topic | logistics express logistics logistics buying decision ism micmac |
| url | https://jtscm.co.za/index.php/jtscm/article/view/949 |
| work_keys_str_mv | AT vikashkhatri factorsinfluencingdecisionmakinginbuyingprocessofexpresslogisticsservices AT ajaypandey factorsinfluencingdecisionmakinginbuyingprocessofexpresslogisticsservices AT anitakumar factorsinfluencingdecisionmakinginbuyingprocessofexpresslogisticsservices |