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Operational Risk Management in Third Party Logistics (3PL)

Operational Risk Management in Third Party Logistics (3PL)
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Author(s): Diego Fernando Manotas-Duque (Universidad del Valle, Colombia), Juan Carlos Osorio-Gómez (Universidad del Valle, Colombia)and Leonardo Rivera (Universidad del Valle, Colombia)
Copyright: 2016
Pages: 22
Source title: Handbook of Research on Managerial Strategies for Achieving Optimal Performance in Industrial Processes
Source Author(s)/Editor(s): Giner Alor-Hernández (Instituto Tecnológico de Orizaba, Mexico), Cuauhtémoc Sánchez-Ramírez (Instituto Tecnológico de Orizaba, Mexico)and Jorge Luis García-Alcaraz (Universidad Autónoma de Ciudad Juárez, Mexico)
DOI: 10.4018/978-1-5225-0130-5.ch011

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Abstract

Supply chain risk management processes are among the most important activities in the value chain of any industry. The supply chain risk management process includes different activities, focused on the identification, measurement, assessment, and mitigation of the main risk sources that can affect a supply chain. The increasing complexity facing global supply chains generates the need for suppliers to collaborate in different processes in a supply chain. In this context, Third Party Logistics Providers (3PL) have been widely promoted by the phenomenon of outsourcing, on which companies increasingly rely. The growth in logistics outsourcing is mainly attributed to the benefits it brings in terms of reducing costs, improving performance, allowing companies to focus on their core businesses and building virtual enterprises through strategic alliances. In this chapter we develop a model to identify the operational risk factors of a 3PL provider.

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