New Approaches to Supply Chain Management Concept. Logistics Integration of ‘Hub and Spoke’ Model.Answers 1 68

Learning Outcome: 1.  Demonstrate a deep understanding of the logistic function concepts and theories as well as supply chain management strategies.(Lo.1.1)2.  Demonstrate the ability to understand complex issues pertaining to supply chain integration and strategic supply chain partnership (Lo 1.2).3.  Apply essential elements of core logistic and supply chain management principles.(Lo 2.1)Assignment Workload:This assignment is an individual assignment.Critical ThinkingThe purpose of this assignment is to identify and apply Logistics and Supply Chain Management concepts/tools to suggest logistics performance priorities. Use Saudi digital Library (SDL) search engine. Search Title: New Approaches to Supply Chain Management Concept. Logistics Integration of ‘Hub and Spoke’ Model.Authors Name: MINCULETE, Gheorghe; OLAR, PolixeniaSource: 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:1.  Why in in the current modern trade, the integration of economic affairs from design to completion is an important priority to every Manufacturing Companies?2.  Define the parties involved directly and indirectly in supply chain and their role for smooth running of business?The Answer should be within 2- 3 pages in length including the cover and appendices. You can take any company of your choice as an example reference should be included.