(Mt) – SEU Logistics Operations Management Question

SOLUTION AT Academic Writers Bay

View attached explanation and answer. Let me know if you have any questions.‫المملكة العربية السعودية‬‫وزارة التعليم‬‫الجامعة السعودية‬‫اإللكترونية‬Kingdom of Saudi ArabiaMinistry of EducationSaudi ElectronicUniversityCollege of Administrative and Financial SciencesAssignment 3Deadline: 30/04/2022 @ 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.Question1Lean thinking refers to a strategic plan that proposes an efficient critical thinking process thatforesees capital and human business resources are managed effectively to offer value to the customersby providing excellent customer services (Suleiman et al., 2021). JIT model, on the other hand, refersto a manufacturing technique where the raw materials and labor are scheduled to be supplied to thecompany only when needed in the manufacturing process.Companies adopt lean thinking and the JIT model to reduce the waste resulting from overproduction. JIT facilitates the supply of only valuable materials for the production process, henceavoiding the costs of holding a high inventory level; for instance, JITenables, a Saudi Arabia-basedPetrochemical Company, minimizes inventory holding costs, reducing wastage of raw materials. Thecompany’s primary goal is to maxim…

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