Best practices among 3rd Party Logistics (3PL) firms in Malaysia towards logistics performance
Studies on best practices among the 3rd Party Logistics (3PL) firms towards logistics performance has been conducted broadly nowadays due to the growing rivalry and the needs for survival in the business especially for small players. Discovering the best practices structure as well as endorsing it...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
HRMARS Management Academic Research Society
2019
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/72909/ http://irep.iium.edu.my/72909/ http://irep.iium.edu.my/72909/ http://irep.iium.edu.my/72909/1/72909_Best%20Practices%20among%203rd.pdf |
| Summary: | Studies on best practices among the 3rd Party Logistics (3PL) firms towards logistics performance has
been conducted broadly nowadays due to the growing rivalry and the needs for survival in the
business especially for small players. Discovering the best practices structure as well as endorsing its
significance on firms’ overall performance has been validated by solid evidence of research literature
and reports. Owners and managers are looking for any practical methods to reduce firm’s operational
costs and increase efficiency. The Logistics Performance Index (LPI) released by the International
Trade and Transport Department of World Bank, which examines logistics performance in 160
countries, ranks Malaysia at the 41 position as in the 2018 report, showing a declining trend from
rank 25 and 32 in the 2014 and 2016 reports, respectively. The declining trend give negative signal
that the Malaysian logistics performance is getting worst. The purpose of this paper is to study the
breadth of best practices as found in the literature, with emphasizing on effort to build a theoretical
framework that further discover the adoption of best practices towards logistics performance by 3PL
firms in Malaysia. This paper discuss two independent theoretical areas i.e. best practices and
logistics performance in relation to the Malaysian’s logistics business operations. Exploring this
theoretical areas suggest a research gap in which best practices is abstracted as a method that can
be used to provide confirmatory test of its theoretical support to a body of knowledge in the ground
of logistics studies. |
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