Business Finance
What Is Third Party Logistics Firms Research Paper

Question Description

I don’t understand this Management question and need help to study.

Critical Thinking

In today’s highly competitive, extremely variable and really dynamic environment, many firms are seeking solutions. Supply chain management becomes more sophisticated and the difference between what firms want to achieve and what they can do in-house continues to grow, firms begin to realize that doing the right thing becomes more interesting than doing everything. Accordingly, they are becoming better focused and more specialized by outsourcing and offshoring activities that are far from their core businesses. In many cases firms decide to outsource this function in whole or in part to agents or third party logistics firms.

Using this concept of offshoring and outsourcing answer the following questions by taking any Saudi Local company or any Multinational company.

Question:

1.What are Third party logistics firms?

2.Explain the motivational factors for going internationally?

3.On what ground companies choose developing countries location for offshoring? Use examples. (Mention the country and decisive factors)

4.Assess the reasons for using third party logistics service in Saudi Arabia? Using examples, Explain

The Answer should be 3- 4 pages in length including the cover page and reference.

The Answer must follow the Key word/ outline points below:

Outsourcing ,offshoring ,Third Party logistics

Their Main functions

Motivational Factors /Drivers

Any local example

Reasons with suitable Examples

Reference


VERY IMPORTANT NOTE:

not plagiarism or Copy/paste from other documents or past paperwork.

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Final Answer

Attached.

Surname 1
Student’s Name
Instructor’s Name
Course
Date of Submission
WHAT IS 3PL FIRMS?
Introduction
The business environment has grown to be dynamic and competitive; hence, the ventures
have resorted to better ways of defining its operational strategies. Most of the firms are shifting
from local to international markets, posing stiff competition. The area of priority in the global
markets is the supply chain management. Felea and Albastroiu, pp.3-5, define supply chain
management as an alignment of Companies that deliver goods or services to the market. They
include; retailers, wholesalers, and intermediaries from which the consumers access the
commodities. Thus, this assignment focus on illustrating mechanisms employed by firms through
third parties to carry out certain functions on their behalf to be visible and competitive in foreign
markets.
Outsourcing and offshoring
The two are basic terms used in the management of supply chains by various Companies
and organizations. Outsourcing has gained momentum due to stiff competition in business both
at the local and international markets. It can be achieved through a contract when a firm or
organization obtains goods or services from an external supplier (Schoenherr, pp.343-378). The
organizations utilize external suppliers to procure. A firm may resort to outsourcing in areas
where it is limited in skills and technical expertise for a specific task—for example, hiring the
powers of a competent person who can maintain the quality standards to give the organization
advantage over other firms.

Surname 2
Offshoring
O...

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