Governance of Investments in Logistics

Governance of Investments in Logistics

Borut Jereb (University of Maribor, Slovenia), Tina Cvahte (University of Maribor, Slovenia) and Bojan Rosi (University of Maribor, Slovenia)
Copyright: © 2016 |Pages: 12
DOI: 10.4018/978-1-5225-0001-8.ch011
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Abstract

This chapter presents research into the current state of investments in logistics. The research is based on a survey among 42 organizations on the topic of their governance of logistics investments, results of which reveal important information needed to assess the actual current state of investments in logistics and serve as a starting point to develop further insights into the field. In connection with the survey results, the situation in terms of investments in logistics is discussed. The main finding is that in this area, no useful framework, standard or tool to manage these investments is being used. Furthermore, it has become evident that we are faced with a lack of knowledge and awareness of their importance. The survey results also show that, in the terms of investments in logistics, there is much room for further development, innovation and change of existing practices.
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Theoretical Background

The field of logistics is not new, but it has been increasingly talked about and researched in the past decades. Today, logistics is most often regarded as a function that “entails the process of planning and controlling the flow and storage of goods and services from the point of origin to the customer, conforming to customer requirements” (Lummus, Krumwiede & Vokurka, 2001). As such, it is an “organizational function that can conserve and improve the flexibility and reactivity of the firm to its environment” (Fabbe-Costes & Colin, 2007).

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