Logistics and Supply Chain Management concepts
The purpose of this assignment is to identify and apply Logistics and Supply Chain Management concepts/tools to suggest logistics performance priorities.
Search Title: New Approaches to Supply Chain Management Concept. Logistics Integration of “Hub and Spoke” Model.
Authors Name: MINCULETE, Gheorghe; OLAR, Polixenia
Source: Valahian Journal of Economic Studies. 2014, Vol. 5 Issue 2, p21-32. 12p.
Read out the research paper carefully and based on your understanding you should answer the following questions.
Questions:
A supply chain consists of all parties involved, directly or indirectly, in fulfilling a customer’s request. Explain with an imaginary Saudi manufacturing company. (300-350 words)- (5Marks)
Why in the current modern trade, the integration of economic affairs from design to completion is an important priority for every Manufacturing Companies? (300-350 words)- (5Marks)
Define the parties involved directly and indirectly in the supply chain and their role in the smooth running of the business? (300-350 words) -(5Marks)