Drivers of Fifth Party Logistics (5pl) Service Providers for Supply Chain Management

The process of the evolution trajectory of the management logistics function is tracked in the context of the theory and practice of a networked approach to supply chain management (SCM). Issues around the main competitive forces are driving reforms in deregulation, globalisation, and technological...

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Main Authors: Hosie, Peter, Egan, Victor, Li, Y.
Format: Working Paper
Published: School of Management, Curtin Business School 2007
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/32458
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author Hosie, Peter
Egan, Victor
Li, Y.
author_facet Hosie, Peter
Egan, Victor
Li, Y.
author_sort Hosie, Peter
building Curtin Institutional Repository
collection Online Access
description The process of the evolution trajectory of the management logistics function is tracked in the context of the theory and practice of a networked approach to supply chain management (SCM). Issues around the main competitive forces are driving reforms in deregulation, globalisation, and technological innovation resulting in fundamental changes in the way SCM is conceived and practiced. Emerging trends, such as the increasing need for strong interfirm networks, are identified as shaping the next generation of logistics resulting in management services. Important shifts are evident in purchasing and customer service functions, resulting in new management methods, business contexts, and transportation modes. Fundamental advances in SCM are largely attributable to the widespread adoption of electronic commerce in all business arenas, especially transportation and distribution. These developments have stimulated a focus on the service of logistic management as the basis of businesses cost competitiveness. Current issues and future trends are identified which are promoting firms to adopt Fourth Party Logistics (4PL) service outsourcing. Competitive pressures are leading to speculation about the future form of potential '5PL' services. Economic imperatives, technological innovation and managerial competence in the provision advanced logistics services are likely to succeed in environments capable of engendering high levels of commercial and social trust between the firms and their partner SCM service providers.
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spelling curtin-20.500.11937-324582017-01-30T13:31:06Z Drivers of Fifth Party Logistics (5pl) Service Providers for Supply Chain Management Hosie, Peter Egan, Victor Li, Y. Supply chain management logistics management 5PL 4PL trust 3PL interfirm networks The process of the evolution trajectory of the management logistics function is tracked in the context of the theory and practice of a networked approach to supply chain management (SCM). Issues around the main competitive forces are driving reforms in deregulation, globalisation, and technological innovation resulting in fundamental changes in the way SCM is conceived and practiced. Emerging trends, such as the increasing need for strong interfirm networks, are identified as shaping the next generation of logistics resulting in management services. Important shifts are evident in purchasing and customer service functions, resulting in new management methods, business contexts, and transportation modes. Fundamental advances in SCM are largely attributable to the widespread adoption of electronic commerce in all business arenas, especially transportation and distribution. These developments have stimulated a focus on the service of logistic management as the basis of businesses cost competitiveness. Current issues and future trends are identified which are promoting firms to adopt Fourth Party Logistics (4PL) service outsourcing. Competitive pressures are leading to speculation about the future form of potential '5PL' services. Economic imperatives, technological innovation and managerial competence in the provision advanced logistics services are likely to succeed in environments capable of engendering high levels of commercial and social trust between the firms and their partner SCM service providers. 2007 Working Paper http://hdl.handle.net/20.500.11937/32458 School of Management, Curtin Business School fulltext
spellingShingle Supply chain management
logistics management
5PL
4PL
trust
3PL
interfirm networks
Hosie, Peter
Egan, Victor
Li, Y.
Drivers of Fifth Party Logistics (5pl) Service Providers for Supply Chain Management
title Drivers of Fifth Party Logistics (5pl) Service Providers for Supply Chain Management
title_full Drivers of Fifth Party Logistics (5pl) Service Providers for Supply Chain Management
title_fullStr Drivers of Fifth Party Logistics (5pl) Service Providers for Supply Chain Management
title_full_unstemmed Drivers of Fifth Party Logistics (5pl) Service Providers for Supply Chain Management
title_short Drivers of Fifth Party Logistics (5pl) Service Providers for Supply Chain Management
title_sort drivers of fifth party logistics (5pl) service providers for supply chain management
topic Supply chain management
logistics management
5PL
4PL
trust
3PL
interfirm networks
url http://hdl.handle.net/20.500.11937/32458