critical thinking (assign2 MGT322 Logistics Management)

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f3hq14

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Writing

Course

MGT 322

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seu university

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kindly read the attached file and wirte as the required.

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MGT 322: Logistics Management SECOND SEMESTER 2018-19 ASSIGNMENT 2 Course: Student name: MGT322 Academic Year Students number: 1439-1440 H Semester: student grade: 2nd Section: Level of the Mark: CRN: Instructions for Assignment Due date for Submission Maximum Marks: Submission Mode Submission method End of Week 11 05 through blackboard Only WORD DOCUMENT PDF not accepted Assignment Regulations: • • • • This assignment is an individual assignment. All students are encouraged to use their own word. Student must apply Harvard Referencing Style within their reports. A mark of zero will be given for any submission that includes copying from other resource without referencing it Logistics Management ASSIGNMENT -2 Submission Date by students: Before the end of Week- 11th Place of Submission: Students Grade Centre Weight: 05 Marks Learning Outcome: 1. Demonstrate an understanding of how global competitive environments are changing supply chain management and logistics practice. 2. Apply essential elements of core logistic and supply chain management principles. 3. Analyze and identify challenges and issues pertaining to logistical processes. Assignment Workload: This assignment is an individual assignment. Critical Thinking The purpose of this assignment is to identify and apply Logistics and Supply Chain Management concepts/tools to suggest logistics performance priorities. To this purpose, you should review about these companies through secondary available information. Think about how you can apply the concepts/tools that you learned in this course. Logistics outsourcing has attracted the attention of lots of industrialist in recent years. As firms enlarge their global reach, they often find that they need to reconsider their internal capabilities in managing the global supply chain. (Trent & Roberts, 2009) commented that many cases firms decide to outsource this function in whole or in part to agents or 3PL (third party logistics) firms. Using this concept of 3PL you should answer the following questions by taking any Saudi company or any Multinational company. Question: 1. What are 3PL firms? 2. Assess the reasons for using third party logistics service in Saudi Arabia? Using examples, Explain 3.Reasons why third party logistics arrangement are not always successful? The Answer should be 3- 4 pages in length including the cover and appendices, with 1" margins on all sides, double-spacing, and 12 point font. The cover of the answer should include title, course code and name, your full name, and your University id number. The Answer must follow the outline points below: • 3PL • Their Main functions • Any local example • Reasons with suitable Examples • Reference
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Tags: Logistics Management

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Explanation & Answer

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Running head: THIRD PARTY LOGISTICS

THIRD PARTY LOGISTICS
Name:
Institution affiliation:
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THIRD PARTY LOGISTICS

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Third-party logistics (3PLs)
These are companies that are engaged in outsourcing procured goods for distribution and
transportation for client companies. These integrated functions can be tweaked based on
customer needs or the market demand conditions for the products or materials with the primary
purpose of saving time and cost and for the client to shift focus to the core business (Sohail,
2011). These companies provide multiple or single types of services related to logistics. Big
corporations will outsource their requirements to the third party logistics companies. The
services offered by these companies include packing, contract warehousing, distribution services,
and inventory and freight management including transportation management (Diabat &
Gunasekaran, 2013). These multiple needs such as distribution and warehousing are fulfilled for
the end users. In general terms, the third party logistics has a broad meaning that applies to any
service contract that involves shipping or storing items. The 3PL can be a single provider such as
warehouse storage or transportation or it can be a system-wide combination of services capable
of handling an efficient supply chain management (Govindan & Kannan, 2012). The 3PL are
essential for a medium-sized company since they can receive services that are cost-effective and
remain competitive and lean. Small companies may not realize the benefits of the 3PL since the
commissions charged by the company may not be enough to justify t...