BBR502 LOGISTICS MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2015
PROGRAM	BBA
SEMESTER	V
SUBJECT CODE & NAME	BBR 502 LOGISTICS MANAGEMENT
BK ID	B1803
CREDITS&MARKS	4 CREDITS & 60 MARKS

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q. 1. Write short notes on:

1. Role of logistics in economy: Logistics involves the delivery of products or services for the client with assured quality and quantity. The logistics industry also depends on the timeliness in which products are delivered to a destination. Promptness is of utmost importance, as delayed delivery can result in significant losses to the recipient of the consignment in most cases. 'Better late than never' does not work well for the logistics provider.

2. Procurement performance cycle:

·         The procurement operations are identified as inbound logistics.

·         International procurement often requires large shipments necessitating the use of barges, ocean going vessels, trains and multiple truckloads for transportation.

·         The

·          

·          

3. Judgmental method of forecasting: Judgmental forecasting methods incorporate intuitive judgement, opinions and subjective probability estimates. Judgmental forecasting is used in cases where there is lack of historical data or during completely new and unique market conditions.[6]

4. Vendor Managed inventory: Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product (business) provides certain information to a vendor (supply chain) supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location (usually a store). A third-party logistics provider can also

Q. 2.What are the challenges that businesses face in managing their supply chain in India

List the 6 challenges that businesses face in managing their supply chain in India

Describe the 6 challenges that businesses face in managing their supply chain in India

Answer: India has been topping the AT Kearney’s annual Global Retail Development Index (GRDI) for three consecutive years, thus presenting itself as an attractive market for retail investment. The sector is witnessing inflow of large domestic conglomerates, like Reliance, Bharti, AV Birla Group; and international conglomerates such as Wal-Mart, Marks & Spencer etc. In addition, large investment announcements have been

Q. 3. Elaborate on Automated Storage and Retrieval System (ASRS or AS/RS)

Explain what is an ASRS?

Where it can be employed?

What type of equipment is needed for ASRS?

List any 5 advantages of ASRS

Answer:An automated storage and retrieval system (ASRS or AS/RS) consists of a variety of computer-controlled systems for automatically placing and retrieving loads from defined storage locations. Automated storage and retrieval systems (AS/RS) are typically used in applications where: there is a very high volume of loads being moved into and out of storage; storage density is important because of space constraints;

Q. 4. Answer the following questions:

1. What are the ways of storing merchandise in retail stores?

Answer: In the broadest sense, merchandising is any practice which contributes to the sale of products to a retail consumer. At a retail in-store level, merchandising refers to the variety of products available for sale and the display of those products in such a way that it stimulates interest and entices customers to make a

2. What are the warehousing strategies used by retailers to reduce the overall logistics cost and remain competitive in the market?

Answer: Warehousing facilities play a vital role in the overall supply chain process. This article will address “back to the basics” that are fundamental for warehouses to achieve both efficiency and effectiveness in supply chains, and provide some perspective on current challenges and the future.

It is evident that continuing globalization and changes/challenges occurring in such areas as reverse logistics, environmental sustainability, information technology, and overall supply chain integration are further evolving the strategies, roles

3. Define the following IT applications used in logistics and supply chain management.

a. Electronic Data Interchange (EDI): Electronic data interchange (EDI) is an electronic communication method that provides standards for exchanging data via any electronic means. By adhering to the same standard, two different companies or organisations, even in two different countries, can electronically exchange documents (such as purchase orders, invoices, shipping notices, and many others). EDI has existed for more than 30 years, and there are many EDI standards (including X12, EDIFACT, ODETTE, etc.), some of which address the needs of specific industries or regions. It also refers specifically to a f

b. Point of Sales (POS) system: The point of sale (POS) is the time and place where a retail transaction is completed. It is the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. At the point of sale, the merchant would prepare an invoice for the customer (which may be a cash register printout) or otherwise calculate the amount owed by the customer and provide options for the customer to make payment. After

c. Bar Code and scanning:A barcode reader (or barcode scanner) is an electronic device that can read and output printed barcodes to a computer. Like a flatbed scanner, it consists of a light source, a lens and a light sensor translating

Q. 5. What are the factors affecting freight costs?

Answer: A freight rate is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination. Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo.  For example,

Q. 6. Write short notes on:

1. Post-order customer support:Complaints on non-delivery or delayed or wrong delivery of ordinary mail articles, delayed payment or non-payment of money order or Electronic Money Orders, non-delivery or delayed delivery or nonreceipt of acknowledgement of Registered articles, nondelivery or

2. Logistics service contract: Neither party shall be held liable or responsible to the other party nor be deemed to have defaulted under or breached this Agreement for failure or delay in fulfilling or performing any term of this Agreement when such failure or delay is caused by or results from causes beyond the reasonable control of the affected party, including, but not limited to, fire; floods; storms; embargoes, war or acts of war (declared or undeclared); insurrections, riots or other civil commotions; acts of terrorism; strikes, lockouts, or other labor disturbances; explosions; sabotage; accidents;

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