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ASSIGNMENT
|
PROGRAM
|
Bachelor
of Business Administration- BBA
|
|
SEMESTER
|
V
|
|
SUBJECT
CODE & NAME
|
BBR502:
LOGISTICS MANAGEMENT
|
|
CREDIT
|
4
|
|
BK
ID
|
B 1803
|
|
MAX.MARKS
|
60
|
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 What
is meant by logistics? What are the objectives of logistics? Describe the role
of logistics in an economy.
Answer: - Meaning of logistics: - Logistics
is the management of the flow of goods between the point of origin and the
point of consumption in order to meet some requirements, of customers or
corporations. The resources managed in logistics can include physical items,
such as food, materials, animals, equipment and liquids, as well as abstract
items, such as time, information, particles, and energy. The logistics of
physical items usually involves the
Q.2 What is demand forecasting?
Explain the forecasting process.
Answer: - Meaning of Demand
forecasting: - Demand forecasting is the activity of
estimating the quantity of a product or service that consumers will purchase.
Demand forecasting involves techniques including both informal methods, such as
educated guesses, and quantitative methods, such as the use of historical sales
data or current data from test markets. Demand forecasting may be used in
making pricing decisions, in assessing future capacity requirements, or in
making decisions on whether to enter a new market. A
planning tool that helps management in its attempts to cope with the
uncertainty of the future, relying mainly on data from the past and present and
Q.3 what are the types of inventory?
Explain the objectives of inventory management.
Answer: - Explanation
of types of inventory
Raw materials: Raw
materials, required for production of finished products are one of the basic
components of inventory for a manufacture. Shortage of raw materials can cause
production stoppage or change in production Schedule which in turn may result
in a shortage of finished goods. Thus sufficient quantities of raw materials
need to be stored to cope with uncertain situations. However, where shortage of
raw materials can disrupt normal
Q.4 Define ‘material handling’. What
are the objectives of material handling? Explain the role of material handling
in logistics.
Answer: - Definition of material handling:- Material Handling is the field
concerned with solving the pragmatic problems involving the movement, storage
in a manufacturing plant or warehouse, control and protection of materials,
goods and products throughout the processes of cleaning, preparation,
manufacturing, distribution, consumption and disposal of all related materials,
goods and their packaging. The focus of studies of Material Handling
Q.5 what is the purpose of packaging?
Discuss the design consideration in packaging.
Answer: - Purpose of packaging: - Packaging is the technology of enclosing or
protecting products for distribution, storage, sale, and use. Packaging also refers
to the process of design, evaluation, and production of packages. Packaging can
be described as a coordinated system of preparing goods for transport,
warehousing, logistics, sale, and end use. Packaging contains, protects,
preserves, transports, informs, and sells. In many countries it is fully
integrated into government, business, institutional, industrial, and personal
use.
Q.6 Write short notes on:
a) Value-Added Logistical Service
b) Logistics outsourcing
Answer: - Value-Added Logistical
Service:- The increasingly volatile and consumer
sensitive chains of supply and demand are not only impacting prices, they are
stimulating today’s logistics providers to be more responsive, agile and
consumer-centric in their supply chain solutions.
We
create more value for our
Logistics outsourcing:- Logistics outsourcing, at its core, is simply
the process of contracting with other companies to handle various aspects of
the logistics supply train—for example, instead of purchasing and maintaining a
fleet of trucks, a company would contract with a dedicated shipping company to
transport supplies and products to and from the market. In addition to simple
transport duties, a logistics outsourcing policy could see auditing and even
long-term planning handled by external contractors who have specialized in
providing effective logistics solutions, rather than the company itself.
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
“
help.mbaassignments@gmail.com ”
or
Call
us at : 08263069601
(Prefer
mailing. Call in emergency )
