Best practices of 3 PL in logistics

Authors

  • Gaurav Kumar

Keywords:

leveraging linguistic phrases, assessments, sensitivity analysis

Abstract

In this study, we investigated the challenge of assigning ratings to third-party logistics (3PL) organizations, also known as corporations that provide logistics outsourcing, with an eye toward the relevance of social sustainability. It has recently come to the attention of the providers of the third-party logistics (3PL) service that one of their primary concerns is the efficient management, from the perspective of social sustainability, of both the transport vehicles and the people who use them. Because of this, suppliers of third-party logistics (3PL) services need to consider more than just the monetary and qualitative components of their offerings when making decisions. In light of this transition, we devised the criteria for evaluating the social sustainability of organizations that provide third-party logistics services (3PL). In addition, the most important assessment method was an AHP, also known as an analytic hierarchy process. This method takes fuzziness in data into consideration. This served the purpose of leveraging linguistic phrases in order to assist decision-makers in balancing the value of a variety of different criteria and choices. which is based on a real-world issue, to demonstrate that the criteria that were presented and the evaluation approach that was described may be put into effect. When taking into account the importance of social sustainability, the results indicate that the method that was suggested has the potential to be used instead of carrying out assessments and the associated sensitivity analysis in a way that is both more practical and more effective.

References

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Published

30-06-2023

How to Cite

Gaurav Kumar. (2023). Best practices of 3 PL in logistics. International Journal for Research Publication and Seminar, 14(2), 87–94. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/396

Issue

Section

Original Research Article