MGT 322 Saudi Electronic University Supply Chain Management Questions

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Business Finance

MGT 322

Saudi electronic university

MGT

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College of Administrative and Financial Sciences Assignment 2 Deadline: 27/3/2021 @ 23:59 Course Name: Logistics Management Student’s Name: Course Code: MGT322 Student’s ID Number: Semester: II CRN: Academic Year: 1441/1442 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. Logistics Management ASSIGNMENT -2 Submission Date by students: Before the end of Week- 10th Place of Submission: Students Grade Centre Weight: 5 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 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 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 conceding any Saudi Local company or any Multinational company. Question: 1. What are the roles of Third party logistics firms in a smooth running of Supply chain process of a multinational organization? (1.5 Mark) 2. What are the motivational factors companies going internationally? (1.5 Mark) 3. On what ground companies choose developing countries location for offshoring. Use examples. (Mention the country and decisive factors) (1.5 Mark) 4. References (Use APA style of referencing (0.5 Mark) The Answer must follow the Key word/ outline points below: • Each answer should be 300 to 500 range of word counts. • Outsourcing , offshoring ,Third Party logistics • Their Main functions • Motivational Factors /Drivers • 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.
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1

RUNNING HEAD: LOGISTICS MANAGEMENT

Logistics Management
Date
Name of Student
Name of Instructor
Institution of Affiliation

RUNNING HEAD: LOGISTICS MANAGEMENT

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Question one
Supply chain management covers the whole area of a company operation
starting from procurement, transformation, and storage of goods. A company that
wants to focus on its core activity will find supply management a complex function
that needs to be outsourced. Arab National Bank is a major bank in Saudi Arabia that
focuses on offering banking services within the Saudi Kingdom. There are several
functions that the company outsources to the third-party logistics firms as they focus
more on their core business which is banking.
There are several functions performed by third-party logistic firms. These
firms help the outsourcing company with selecting an appropriate carrier that will
handle their product with the required standards. They eliminate the headache a
company can have by dealing with unknown carrier providers who may mishandle
their products. The third-party logistic companies are tasked with the development of
a distribution strategy for a company (Liu, & Lee, 2018). This is done by customizing
the distribution strategy for a product and reduce the time taken to reach the
customers. Third-party logistic firms perform the function of audit and freight bill
payment. They do this by offering the payment services on behalf of the client hence
saving time.
The third-party logistic companies assist outsourcing firms with information
systems...


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