Running head: LOGISTICS MANAGEMENT
College of Administrative and Financial Sciences
Deadline: 7/03/2020 @ 23:59
Course Code: MGT322
Student’s ID Number:
Academic Year: 1440/1441 H
Importance of integrating economic affairs in logistics management
Globalization and fads are creating an urgent need for business to adapt and resolve to
efficient strategies which use current models. Technological advancements have also created
a growing demand for companies to use advanced tools in their operations. The globalization
of various organizations integrates the logistics and supply chain management to enable a fair
distribution of the goods and services provided by a company. Business is created to offer
their customers products and services; hence customer satisfaction is the main priority for
businesses. Competitive advantage implicates how well companies will run; therefore, the
various strategies used by enterprises aim at ensuring that it will perform better than its
competitors in the business environment.
Cost management is critical in the running of any business and affects all areas the
business is involved in, from production to selling of commodities. Logistics management
incorporates the numerous business activities in an organization into...
15 Million Students Helped!
Sign up to view the full answer