Business Finance
MGT 322 Saudi Electronic University Logistics Management Questions

MGT 322

Saudi electronic university

MGT

Question Description

I’m stuck on a Business question and need an explanation.

Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

Students must mention question number clearly in their answer.

Late submission will NOT be accepted.

Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

Submissions without this cover page will NOT be accepted.

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College of Administrative and Financial Sciences Assignment 2 Deadline: 28/03/2020 @ 23:59 Course Name: Logistics Management Student’s Name: Course Code:MGT322 Student’s ID Number: Semester: II CRN: Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Level of Marks: Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. Assignment: 2 Submission Date by students: Before the end of Week- 10th Place of Submission: Students Grade Centre Weight: 10 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 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 Note: You can support your answer by reading chapter 4 of your book. You can use secondary source available on internet. Please use APA-style referencing. Answer 1. Answer 2. Answer 3. Answer 4. References. ...
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Final Answer

Attached.

Running Head: OUTSOURCING AND OFFSHORING

Outsourcing and Offshoring.
Name
Institution

1

OUTSOURCING AND OFFSHORING

2

Answer 1
Third-party logistics is a service that allows one to outsource the management
operation from warehousing activities and all other services up to delivery, which enables the
organization to focus on its core activities. 3PL provides functions such as; warehousing,
packing, transportation, packaging, forecasting of inventories, packing and picking, freight
forwarding, and order fulfillment services. Using a third-party service provider helps in cost
reduction incurred. The business can scale down or up depending on market demand, faster
shipping, which enhance customer services, help in testing new markets without having to
invest in employees or warehousing facilities (ovács, Szabó, & Pató, 2016). One is also able
to handle and manage the international market, lower risks of problems that would otherwise
be incurred by the company during transport.
Answer 2
Several factors drive organizations to go international. One factor is cost
economics in manufacturing. In different countries, the cost of labor and production costs
will vary due to exchange rates. Therefore, outsourcing and offshoring from a country with a
lower exchange rate and low cost of labor help in lowering the cost of production (Joubioux,
& Vanpoucke, 2016). Selection of talent shortages such that the company will access more
talented employees from another country to boost the business, outsourcing makes the firm
more global (globalization), offshoring and outsourcing has been embraced by many and
hence seen as the new normal.
Answer 3
The main factor...

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