The Takhzeen Warehousing and Storage Company - Essay Example

1. Company Culture
The motivation for setting up this company was the admiration and belief in the competence of the Saudi Arabian Company’s specialized knowledge and skill in the field of Logistics—cold storage, transport, and all allied aspects of logistics.

Mr. Murad Al Ramadan, Managing Director of Takhzeen, and also Deputy C.E.O. for Investment set the short-term goal of Takhzeen as identifying and entering the various opportunities in the area of Logistics service and expanding progressively. the whole of the region. Another goal was to develop and provide training courses for personnel from Saudi Arabia so as to upgrade the competence and commitment level of the workers and increase employment opportunities in the country.

2. Company Business
The initial exploration of the working of the Company showed that it was adhering to its goals and ensuring these in its decision-making process. Managerial efficiency, Supply, Chain Management, and reducing costs of Logistic services are given high priority in the operations. Stress is laid on innovation and changes that lead to the company goals. The external focus is on integrating the cultural elements of the area into the operations of Takhzeen. In keeping with Takhzeen’s mandate, it began building up Temperature controlled Storage facilities, Material handling, and related management, Transportation—(both Primary and Secondary), and Supply Chain Management first in Bahrain and then spread to the GCC region and then to the entire Middle East.

3. Market
The CEO of Tameer, Mr. Laith Al Memar explained the Company’s vision. Their company’s investment in Takhzeen would create diversification of their portfolio and include new profit centers in Value added service, Industrial projects, Real Estate, etc. These would create additional income streams for the Group. One innovation new to Bahrain, namely the Development of Captive Storage facilities is a need of the Group companies. This is sought to be done through building flexibility into the rental periods and rates, which will reduce the individual company’s expenses on both counts and yet ensure that they are not handicapped for want of the Logistics support.

4. Opportunities and threats
4.1 Current economic development
The long-term development of economies and increase in freight rates show that opportunities exist for logistics companies.