In: Operations Management
Research and define appropriate frameworks with accompanying screening and evaluation criteria for selecting sourcing solutions, manufacturing locations, and 3PL providers. Each framework with accompanying evaluation criteria should be one to two pages in length and include cost, profitability, operational constraints, and other factors like political, economic, labor, environmental, and sustainability considerations. Any insight into this task would be great help.
first task involves screening and evaluation of those factors which promotes cost effective manufacturing.
3. logistics- logistics means handling the detail of an operation means procurement, handling, planning , execution of goods. 3PL is the way we hire a different service providing company who handles our logistic activities which works on contractual basis or according to the agreement we signed with that particular company. for this we consider a company which provide efficient services in cost effective way.
these are some insights which we can explain according to the criteria given. we can explain them further as required.