Use the following text to cover the following points:
Introduction
Theoretical approach that is adopted In the Current Literature
Theory
Model Literature Stream
Methodologies Literature Stream
Summary of Literature Findings
Limitations of the Literature
Research Replication Towards Research Question
Conclusion
"2.1 Introduction
The idea of the research is to solve the problem faced by the company and need to change the current work strategy in cash logistic sector by establishing multi bank cash centers to provide a variety of cash management services, which include the following: money and cash transfer services (the transfer of funds between the Saudi Monetary Agency “ SAMA” and between local banks, in addition to the sector of retail companies and commercial companies that wish to transfer and secure cash from their own headquarters to banks), and the transfer of precious metals , transfer of valuable documents (provided to transfer important documents for companies in general, securities trading companies, banks, insurance companies and the banking sector from banks), management and feeding of teller machines Automatic (feeding ATMs for a number of banks that are contracted by a team of specialists, technicians and armored vehicles that transfer cash boxes from banks to their ATMs and feed them with cash on an almost daily basis, in addition to providing maintenance services for ATMs and following up on them), sorting and processing cash (through receiving cash from institutions and banks that are dealt with).
Management of cash treasury and financial settlement (playing the role of the back office in banking institutions, which includes clearing and settlement operations, cash services and other services provided to the retail sector, linking and settlement between them and banks). The MBCC project also aims to expand services and electronic payments, to keep pace with the progress and digital transformation that the Kingdom is witnessing…
The research aims to address the company’s challenges and the need for a new approach in the cash logistics sector. This involves establishing multi-bank cash centers to offer a range of cash management services, including:
Money and cash transfers: Facilitating fund transfers between SAMA, local banks, retail companies, and commercial entities looking to securely move cash to banks.
Precious metals and valuable document transfers: Safely transporting important documents for companies, securities trading firms, banks, and insurance companies from banks.
ATM management and replenishment: Ensuring regular cash supply to contracted banks’ ATMs through a team of specialists, technicians, and armored vehicles. This includes ATM maintenance and monitoring.
Cash sorting and processing: Receiving cash from institutions and banks for sorting and processing.
Cash treasury and financial settlement management: Acting as the back office for banking institutions, handling clearing and settlement operations, cash services, and providing services to the retail sector. This includes linking and settling transactions between retailers and banks.
Furthermore, the MBCC project aims to expand electronic payment services to keep pace with the Kingdom’s progress and digital transformation.
The size of the service sector in the Kingdom: -
The service sector represents an important part of the economy in the Kingdom of Saudi Arabia, which is run by individuals or companies for profit and is not subject to the control of the state due to the presence of little or no participation from the government. It aims to earn money and employ more workers than the public sector. The service sector is concerned with providing services for people, and there are many opportunities for the private and public sectors to invest in the service sector, which is relied upon to increase the domestic product and increases with time because the service sector is the largest field that accommodates the employment of national manpower. It reflects the level of interest of decision-makers in the national economy and in the services that are provided to consumers. Therefore, the service sector represents an important part of the economy. Rather, the m contributing to addressing issues and obstacles that prevent the development of the sector to keep pace with “Vision 2030” which focuses on service development and increasing the participation of non-oil sectors in the gross product, in addition to the fact that the service sector is one of the most labor-intensive sectors. It contributes significantly to solving the problem of unemployment among Saudi citizens, and the Kingdom of Saudi Arabia ranks first in the Middle East in terms of service sector output, where the output of the service sector in the Kingdom contributed 43.4% of the GDP in the second quarter of 2021 (compared to a participation rate of 46.5% in the first quarter of the year 2021), including the following services: wholesale and retail trade, restaurants, and hotels; transportation, storage, information, and communications; financial services, insurance, real estate, and business services; collective, social, and personal services; and government services. The contributions of each of them separately amounted to 0.4%, 2.1%, 1.3%, 3.0%, and 0.3%, respectively. The growth of these activities in GDP on a quarterly basis amounted to 3.9%, 8.5%, 3.9%, 5.3%, and 0.5%, respectively, in the first quarter of 2021. The “Government Services” activity (which includes all government departments, central and local administration units, and defense and security agencies) came in first, followed by justice and units specialized in planning economic development, social welfare planning, education, health, culture, and social services that are provided for free or at a nominal cost, and social security bodies. While the activity of financial, insurance, and business services contributed 6.1% of the Kingdom’s GDP in the second quarter of 2021. The services sector is expected to register rapid growth in the coming years considering the huge tourism and entertainment projects announced within the Kingdom’s Vision 2030, including the Qiddiya project and the Red Sea project, the NEOM project, as well as the development of the city of Al-Ula, which will contribute billions of riyals to the gross domestic product. In this regard, Saudi Arabia is one of the most Gulf countries that seeks to increase the volume of investment in the service sector in the country, and Saudi Arabia is based on several main ingredients that make it a suitable solution for the success of the service sector, as these ingredients are summarized in the multiple natural resources that the country possesses and the abundance of hands Qualified patriotism, distinguished geographical location, availability of land, financial liquidity that paves the way for establishing services, and purchasing power related to the final consumer These developments come at a time when, in 2016, Saudi Arabia monitored about 53 service investment opportunities in various regions of the country, at a time when the Saudi Industrial Estates Authority began to lead the local service sector towards a very large transformation, a transformation that would lead to the realization of the most important features of the long-term national strategy for the country’s economy. The process of providing developed service land at very symbolic prices is one of the most important support tools provided by Saudi Arabia to investors in the service sector, in addition to providing high financial loans to these investors. The pivotal role of the service sector in growth and development, and in consolidating and sustaining wealth in the Kingdom by maximizing the returns of its natural resources and investing them to localize productive human expertise and diversify the economy.
As mentioned earlier, the Kingdom of Saudi Arabia has robust economic indicators globally as one of the influential members within the Group of Twenty countries. Additionally, it has experienced commendable progress across different key metrics necessary for global competitiveness like Economic Performance, Business Efficiency, and Infrastructural advancement. The Service Sector plays an indispensable part in driving job creation while facilitating access to vital services for consumers, making it a compelling site for further private or public investments.
Multi-Bank Cash Centers (MBCCs) ASSSCO proves highly relevant amidst this context due to heightened demand stemming from increased trade volume, various needs, and expanded banking reach across the country. This trend highly aligns with ASSSCO’s core expertise and operational competence in enhancing cash-related services while providing investors with promising and attractive returns.
Commercial Banking sector growth:
The growing banking sector and the expanding number of branches and ATMs in the Kingdom reflect the expanding trade activities and the growing population. Therefore, there is a rising demand for services such as money transfers, cash replenishment for ATMs, and cash management. This is where ASSSCO’s expertise becomes highly relevant. As a company specialized in cash management, ASSSCO recognizes the significance of establishing efficient cash centers to meet the evolving needs of the banking industry and the broader service sector.
By establishing Multi-Bank Cash Centers (MBCCs), ASSSCO aims to provide comprehensive cash management services that cater to the specific requirements of financial institutions and businesses. These services include cash logistics, secure transportation, currency sorting, and other related solutions. ASSSCO’s expertise in cash management, together with their knowledge of industry best practices, positions them as a trusted partner for banks and businesses seeking efficient and secure cash services.
In correspondence with the service sector’s role in driving economic growth, ASSSCO’s establishment of MBCCs contributes to the localization of expertise, diversification of the economy, and the creation of employment opportunities. By utilizing their experience and investing in the development of cash centers, ASSSCO actively participates in the achievement of Saudi Arabia’s long-term national strategy and the objectives outlined in Vision 2030.
The importance of MBCCs in the cash management landscape is unquestionable. With the increasing reliance on electronic transactions and the growing need for efficient cash flow, ASSSCO’s establishment of MBCCs offers a valuable solution. By combining their expertise in cash management with the rising demand for cash-related services, ASSSCO plays a crucial role in supporting the banking industry, enhancing trade activities, and contributing to the overall economic development of the Kingdom of Saudi Arabia.
2.4 Factors to consider in MBCC design.
There are several factors and elements that need to be considered when designing and before establishing MBCC:
SAMA specifications and requirements for vaults and entrances:
The very important factor that must be considered is to know exactly the requirements and specifications set by SAMA like (Vaults arming degree and space, the entrance and exit for the building) as it’s the authority which is responsible for granting the license for MBCC.
Building costs:
The second element must be considered also is that who much the building will cost the company to evaluate the returns.
Safety, security, technology, and equipment.
Staffing costs.
Building space and location.

2.5 General Considerations for MBCC Planning:
2.3.1. The MBCC should align with various factors, including stakeholders, SAMA and government regulations, sustainability, and technology.
2.3.2. It is crucial to keep up with electronic advancements in the banking sector and offer services that match this progress. This will enhance the chances of success and long-term sustainability of the studied MBCC project.
2.3.3. The MBCC should provide services for the sale, installation, and maintenance of ATMs, as well as deposit machines, cash recycling machines, queuing systems, note and coin counting and sorting devices, protection systems, and other devices commonly used in the banking industry.
2.6 Stakeholders
There are numerous stakeholders in the MBCC delivery domain, including owners, bank branches throughout the Kingdom, various retail companies, commercial companies, mining companies, gold and jewelry companies, and other institutions requiring services such as money transfers (e.g., government institutions, ministries, agencies, diplomatic embassies, gold shops, etc.).
Owners play an important role in driving the establishment and success of MBCCs, providing the necessary resources and support.
Bank branches across the Kingdom benefit from the services offered by MBCCs, enabling them to efficiently manage cash transfers and meet the demands of their customers.
Retail companies and commercial entities rely on MBCCs for secure and reliable cash management solutions, ensuring smooth operations and financial stability.
Furthermore, companies operating in the mining, gold, and jewelry sectors need the services provided by MBCCs, facilitating secure transactions and the movement of funds.
Government institutions, including ministries, agencies, and diplomatic embassies, also benefit from MBCCs’ capabilities, enabling seamless money transfers and financial operations. Overall, the involvement of these diverse stakeholders underscores the essential role of MBCCs in meeting the cash management needs of various industries and institutions.
2.7 SWOT Analysis:
SWOT analysis is a tool that focuses on objectives and is used for analyzing the strengths, weaknesses, opportunities. By examining both internal factors (strengths and weaknesses) and external factors (opportunities and threats), SWOT analysis provides a comprehensive understanding of the project’s current situation and aids in the development of a competitive plan. It helps identify the project’s advantages and areas for improvement which allows for effective goal-setting and strategic decision-making. Simultaneously, by examining external factors, such as market trends and potential risks, the SWOT analysis enables the project team to identify and capitalize on opportunities while mitigating potential threats. This comprehensive evaluation helps shape a clear vision for the project and ensures a competitive strategy that aligns with its goals.
2.8 Budget: The budget is a plan or process for the upcoming period that outlines how the company will allocate its financial resources to meet future needs, including capital expenditures (capex) and working capital requirements.
2.9 Profit and Loss:
The very important element to be considered when establishing an MBCC is to study the project profitability and its impact on the expected profit and loss for the upcoming periods.
2.10 Service Description:
The cash center provides several services to its clients, represented in:
Cash management:
The center provides a service for cash management solutions such as counting, routing, sorting, and packing paper currencies for banks and their customers. The cash operations are:
• Counting and sorting cash.
• Sorting cash according to its denominations and status (forged, damaged, eligible for automated teller machines).
• Excluding damaged counterfeit cash.
• Tie them in bundles of bank notes (they are tied with a plastic tape to form a bundle).
• Counting and sorting coins.
• Packaging coins in plastic bags.
• Exclusion of counterfeit and damaged coins.
Money transfer services:
The center uses well-equipped vehicles with access control systems, cameras and GPS tracking system to ensure that all cash in transport is well-protected, and it goes as the following:
Ensure effective cash transfer performance through premium insurance coverage, and the use of best-in-class smart cash bags.
Implementing cash services requests in an immediate and systematic manner, while keeping customers fully aware of all operations results within documented reports that are provided to customers in a timely manner.
Reducing the rate of money transfer risks resulting from the use of traditional methods for that.
Control and close follow-up of the money transfer process from the moment it is launched until it is delivered to the required authority.
Saving time and effort, enabling you to devote yourself to focusing on managing your business affairs smoothly, reassuringly and peace of mind.
Your guarantee of insurance coverage for all the movable amounts of the establishments.
ATM Feeding and Maintenance:
ATM service is an essential service to ensure that ATMs are available to customers the majority of the time to ensure that ATMs are in good working order by ensuring that consumables are available and perform basic maintenance services and technical matters, such as replenishing cash, maintaining Adequate supplies of consumables at the ATM, and the services are:
Providing support services throughout the week, i.e. (24-7).
Reducing the operating costs of automated teller machines and deposit machines.
Ensure stable and accurate performance and operation speed.
Providing the first and second levels of maintenance services.
Improving the readiness of automated teller machines and cash deposits.
Preparing for the application of immediate solutions to the problems of automated teller machines and deposit machines. Follow-up and evaluation of the performance level of services provided to automated teller machines and deposit machines.
Operational stages of a cash center project:
1. Site leasing: The previously mentioned influencing factors must be taken into account when choosing a site to ensure that the project achieves the objectives set, as the sites near banks and investment companies will have a positive impact on the project.
2. Finishing the licensing procedures: All necessary licenses must be completed before starting the steps of preparing and operating the center, especially the license of the Central Bank.
3. Finishing the site preparation work: After selecting the site and completing its licensing work, the site preparation process begins with security and safety equipment and the rest of the machines used in counting, sorting and packing money.
4. Set the administrative structure: Qualified workers with work experience should be selected to provide an appropriate level of service to clients.
5. Marketing and publicity: The publicity aspect of the project should be paid attention to by advertising through the preacher’s various channels to introduce the services available at the center with banks and companies.
6. Beginning of work: After the completion of the previous stages, the project becomes ready to carry out cash management, treasury management and other services provided.
7. Providing services: After opening, the center will be ready to provide various services, and this is according to customers and their requirements from existing services such as feeding and maintaining ATMs, as well as transferring money and precious metals.
Organizing the project’s work: The project provides a service system that works according to a continuous time from morning to evening to expand the potential market and provide greater flexibility in the possibility of receiving clients. An accounting system must be provided to measure profitability and organize the project’s financial operations. " Also, take into consideration the following supervisor’s comments and make sure the points are well-covered. “The literature review is very descriptive. Please make sure you are not explaining on the topic and its elements. You must mention what various journals, discuss on your research topic. You have to mention and critically analyse those literature review. Request you to kindly amend the same as your grades are dependent on literature review. Please doo rework and not showcase the stages or steps.” You might add, remove or modify anything you might in the text.