Define third party logistics firms

Assignment Help Management Theories

Reference no: EM133202155 , Length: Words Count:2000

Assignment:

Critical Thinking

Outsourcing and offshoring initiatives can help an organization fine-tune its business model to become more resilient and profitable. At the same time, these initiatives present challenges.

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 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.

Questions: Each Question Carrying 2 Marks.

1. Define Third party logistics firms? Discuss its working procedure? (400 to 500 Words)

2. Explain the motivational factors for going internationally? (400 to 500 Words)

3. On what ground companies choose developing country's location for offshoring? Use examples. (Mention the country and decisive factors). (400 to 500 Words)

4. Why do companies outsource? (Use example of any Saudi company along its objective and scope for outsource). (400 to 500 Words)

5. Assess the reasons for using third party logistics service in Saudi Arabia? Using examples, Explanation regarding their logistics performance and priorities. (400 to 500 Words)

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

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.

Reference no: EM133202155

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