Appraisement and benchmarking of third-party logistic service provider by exploration of risk-based approach

In the present era, Reverse Logistics Support has monitored as a momentous realm, where stuffs are transferred from point of consumption to origin. The companies who provide the logistic equipments, i.e. Truck, Joseph Cyril Bomford, and Shipment, etc. to its partner’s firms called Third-Party Logist...

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Main Authors: Nitin Kumar Sahu, Atul Kumar Sahu, Anoop Kumar Sahu
Format: Article
Language:English
Published: Taylor & Francis Group 2015-12-01
Series:Cogent Business & Management
Subjects:
Online Access:http://dx.doi.org/10.1080/23311975.2015.1121637
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author Nitin Kumar Sahu
Atul Kumar Sahu
Anoop Kumar Sahu
author_facet Nitin Kumar Sahu
Atul Kumar Sahu
Anoop Kumar Sahu
author_sort Nitin Kumar Sahu
collection DOAJ
description In the present era, Reverse Logistics Support has monitored as a momentous realm, where stuffs are transferred from point of consumption to origin. The companies who provide the logistic equipments, i.e. Truck, Joseph Cyril Bomford, and Shipment, etc. to its partner’s firms called Third-Party Logistics (3PL) service provider. Today, the feasible 3PL service provider evaluation-opt problem is yet an amorous dilemma. The appraisement and benchmarking of logistics service providers in extent of index; allied risk-based indices and their interrelated metrics; outlooked as a great tool for each international firm, in order that firm could obtain their core goals. The novelty of manuscript is that here, a hairy-based approach has been integrated and then implemented upon a novel developed multi hierarchical third-party logistics (3PL) service providers appraisement index in purpose to umpire the 3PL provider for their strong and ill’s core indices. Moreover, the overall score (Si) system has also been carried out for benchmarking the 3PL provider companies, where s1 has been found as the best 3PL service provider. The developed approach enabled the manager of firms to make the verdict towards the best inclusive evaluation process of 3PL performance appraisement and benchmarking. A numerical illustration has also been provided to validate the verdict support system.
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spelling doaj.art-42df0f513f8444a99fe1ec7304be9a912022-12-21T21:34:44ZengTaylor & Francis GroupCogent Business & Management2331-19752015-12-012110.1080/23311975.2015.11216371121637Appraisement and benchmarking of third-party logistic service provider by exploration of risk-based approachNitin Kumar Sahu0Atul Kumar Sahu1Anoop Kumar Sahu2ITGG Central UniversityITGG Central UniversityJKIEIn the present era, Reverse Logistics Support has monitored as a momentous realm, where stuffs are transferred from point of consumption to origin. The companies who provide the logistic equipments, i.e. Truck, Joseph Cyril Bomford, and Shipment, etc. to its partner’s firms called Third-Party Logistics (3PL) service provider. Today, the feasible 3PL service provider evaluation-opt problem is yet an amorous dilemma. The appraisement and benchmarking of logistics service providers in extent of index; allied risk-based indices and their interrelated metrics; outlooked as a great tool for each international firm, in order that firm could obtain their core goals. The novelty of manuscript is that here, a hairy-based approach has been integrated and then implemented upon a novel developed multi hierarchical third-party logistics (3PL) service providers appraisement index in purpose to umpire the 3PL provider for their strong and ill’s core indices. Moreover, the overall score (Si) system has also been carried out for benchmarking the 3PL provider companies, where s1 has been found as the best 3PL service provider. The developed approach enabled the manager of firms to make the verdict towards the best inclusive evaluation process of 3PL performance appraisement and benchmarking. A numerical illustration has also been provided to validate the verdict support system.http://dx.doi.org/10.1080/23311975.2015.1121637third-party logistics service providerfuzzy analytic hierarchy process (FAHP)
spellingShingle Nitin Kumar Sahu
Atul Kumar Sahu
Anoop Kumar Sahu
Appraisement and benchmarking of third-party logistic service provider by exploration of risk-based approach
Cogent Business & Management
third-party logistics service provider
fuzzy analytic hierarchy process (FAHP)
title Appraisement and benchmarking of third-party logistic service provider by exploration of risk-based approach
title_full Appraisement and benchmarking of third-party logistic service provider by exploration of risk-based approach
title_fullStr Appraisement and benchmarking of third-party logistic service provider by exploration of risk-based approach
title_full_unstemmed Appraisement and benchmarking of third-party logistic service provider by exploration of risk-based approach
title_short Appraisement and benchmarking of third-party logistic service provider by exploration of risk-based approach
title_sort appraisement and benchmarking of third party logistic service provider by exploration of risk based approach
topic third-party logistics service provider
fuzzy analytic hierarchy process (FAHP)
url http://dx.doi.org/10.1080/23311975.2015.1121637
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