(Mt) – MGT 322 SEU The Middlemen Between the Producer and The

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View attached explanation and answer. Let me know if you have any questions.Howdy, I’ done with the assignment. Find attached!‫المملكة العربية السعودية‬‫وزارة التعليم‬‫الجامعة السعودية‬‫اإللكترونية‬Kingdom of Saudi ArabiaMinistry of EducationSaudi ElectronicUniversityCollege of Administrative and Financial SciencesAssignment 2Deadline: 16/04/2022 @ 23:59Course Name: Logistics ManagementStudent’s Name:Course Code:MGT322Student’s ID Number:Semester: IICRN:Academic Year: 1443/1444 HFor Instructor’s Use onlyInstructor’s Name:Students’ Grade:Level of Marks:Instructions – PLEASE READ THEM CAREFULLY• The Assignment must be submitted on Blackboard (WORD format only) via allocatedfolder.• Assignments submitted through email will not be accepted.• Students are advised to make their work clear and well presented, marks may bereduced 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 orother 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.Answer 1.Third-party logistics firms, also known as 3PL, are companies that act as middlemen betweenthe producer and the customer (Evangelista et al., 2018). These companies provide distribution,storage, and transport services to the consumers forming a vital part of the supply chain. The majorityof these firms are used by businesses that aim at outsourcing services instead of having their own unitdo the task. The companies have a specialization in warehousing and transportation services that canbe customized to the customer’s needs meeting their demands and requirements for their products.Some third-party logistics companies go further to provide services that are outside the logisticsumbrella, including procurement or production of goods, and such providers are referred to as thirdparty supply chain management providers (3PSCM). There are four types of these 3PL companies,i.e., Standard 3PL Provider, Service Developer, Customer Adapter, and Customer Developer. Standard3PL is the basic provider and is limited to the logistics and warehousing parts. Service Developersextend their portfolio to offer value-added services like tracking and specific packaging for securitypurposes. The customer adapter only comes in at the customer’s request and takes over the company’slogistic activities. The customer developer is where the 3PL integrates itself with the customer andtakes over the logistics.3PLs are fulfillment service providers who connect the company to their customers with theaim of reducing the business’s involvement in the supply chain. These companies bring about a divisionof labor where the company owner runs the business and focuses on its operations, while the 3PLfocuses on the logistics of customer fulfillment (Premkumar et al., 2021). With the explosion inecommerce, these companies work by providing the sellers or businesses with the necessary logisticsmeans to ensure the products reach the customers. Before starting to work, the 3PL has to documentall its services and have explained contracts and service level agreeme…

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