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nuzflu22

Business Finance

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Essay Questions:

  • Explain the benefits and disadvantages for outsourcing supply logistics operations and management to 3PLs.
  • Which logistical functions are most commonly outsourced to 3PLs and why? Give examples.
  • Explain ERP and the advantages of ERP systems. What are the benefits of ERPs in talking to other SW applications?
  • Explain how RFID tags are used to reduce shrinkage. What are the benefits and disadvantages in using RFID for monitoring the movement of supply chain management goods throughout the supply chain?
  • Discuss reverse logistics including its definition and its process flow.
  • How does reverse logistics relate to a company being socially responsible and how is reverse logistics related to service recovery?
  • What is the relationship between demand management, order management and customer service?
  • In looking at demand management explain the difference in independent demand, dependent demand and derived demand. Explain how CRM (Customer Relationship Management) systems are related to demand management and how can they be used in demand management?
  • Define and distinguish between possession, form, time, and place utility. Give a “real world” example for each one.
  • superior logistics service quality involves managing at least nine service related elements that pertain to either order placement or order receipt. Choose four of the nine and explain why they are important and how service quality can be negatively impacted if the related element went lacking.


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Explanation & Answer

Hello,Attached find is the completed work. I did a thorough research on the questions and ahopefully i attained the correct answers. Have a look at the work and let me how you feel about it.Thanks and all the best😎.

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Question One
Benefits


Cost Reduction
The main reason for outsourcing is to enable you to have time to focus on your main

business operation. As the 3PL partner manages your logistics, you are able to concentrate on
your key areas of growth and development by using your limited resources on those main areas
thus leading to cost reduction.


Helps you focus on the activities that you like and do best
As you outsource, it usually helps to reduce the workload and thus, for this reason, you

are able to put your main focus on the key operations that you like and do best on and thus helps
in the easy development and growth of your business.


Flexibility & Scalability
The advantage of utilizing a 3PL provider is the ability to scale labor, transportation, and

space according to the various inventory wants and needs (Genovese et al., 2017). Utilizing a
3PL providers helps your organization to grow and develop in other regions without

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experiencing any difficulties and the reason to this is because the 3PL provider helps the
organization to scale because of the resources that they have to enable growth and development
in a market that is new.
Disadvantages


Cost
The price that comes with outsourcing a 3PL usually is too high than the actual price that

you could incur when you manage your logistics by yourself and the reason to this is because
convenience usually comes at a certain cost or price.


The loss of direct control
This is because you are relying on the reliability, honesty, and competency of a 3PL

provider and thus you must assume that they understand what they are doing and that they are
working towards the best interest of your organization.


Loss of Reputation
The 3PL provider may be working on the most critical functions of your business and in

case they make a mistake then it means that it will directly affect you and your business and also
your customers as a whole which may definitely affect the reputation of your organization.
Question Two


Transportation
This is because the 3PL company provides extra services such as security of the goods

being transported and also they ensure that the products are delivered on time (Genovese et al.,

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2017). A good example of a 3PL company that offers transportation services is FedEx where it
helps the floriculture farmers from East Afri...


Anonymous
I was having a hard time with this subject, and this was a great help.

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