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ANSWER KEYS OF OBJECTIVE QUESTIONS ALL QUESTIONS ARE COMPULSORY WITH RESPECT TO INTERNAL CHOICE. Q1. OBJECTIVES A.MULTIPLE CHOICE QUESTIONS (ANSWER ANY 8) 8 1. LASH means: a. Lighter Aboard Ship b. Last Aboard Ship c. Lighter Aboard System b. Employee costing c. Activity costing 2. A type of logistics costing a. Consumer costing 3. Supply chain management is followed by:a. Dell b. Dabbawalas of Mumbai c. Both of these 4. The fastest and most costly mode of transport. a. Air transport b. Water transport c. Ropeways 5. Demand forecasting techniques involve:a. FSN analysis b. VED analysis c. None of these 6. A network of highways connecting India’s four metropolitan cities. a. Golden Quadrilateral b. Logistics parks c. Deep water ports 7. RO-RO concept means: a. Roll On - Roll Off b. Ride On-Ride Off c. Roll Off-Roll On 8. Corrugated Fiberboard is commonly known as a. Corrosive Board b. Card board c. Case board 9. A kind of transportation where no empty wagons or containers are bought back: a. Rail b. Road c. Pipeline 10. Inter modal transportation which combines air a. Birdy back b. Fishy Back c. COF B. TRUE OR FALSE (ANSWER ANY 7) 7 1. Reduction of inventory is a key objective of logistics management. TRUE 2. Logistics packaging helps in reducing transit damage. TRUE 3. Conveyors are required where a continuous flow of material over a long period is required. TRUE 4. Distributers are the middlemen in a supply chain. TRUE 5. Supply chain management is a narrow concept than logistics management. FALSE 6. Air transport is one of the oldest modes of transportation. FALSE 7. Outbound logistics is also called upstream logistics. FALSE 8. Waterways are natural highways. TRUE 9. Rail transport is most suited for rural areas. FALSE 10. Card board is also known as corrosive board. FALSE 2. ANSWER A OR B A. • • Elucidate logistics management. What are the objectives of logistics management? Also explain the functions of logistics. Ans. Delivering to the customer the desired level of service and quality at the lowest affordable cost. Having the right item in the right place, right quantity at the right price OBJECTIVES-Rapid response-Minimum Variance-Minimum Inventory-Movement consolidation-Quality etc. FUNCTIONS OF LOGISTICS- Warehousing, Order processing, Transportation, Inventory management, Material Handling, Packaging, Information management etc. B. 1. 1.Distinguish between supply chain management and logistics management. LOGISTICS SCM Narrow concept Broad concept Conducted mainly within the orgn. Functions outside the organization Originated from military logistics Originated from Business logistics 2 flows-product and information 3 flows-product, information and finance Objective is to minimize cost Objective is to maximize profitability What is materials handling? Explain its principles in detail. Ans: Material handling means providing the right amount of material, in the right condition, at the right place, and at the right time. It involves movement, protection, and storage and control of materials. PRINCIPLES-Planning-standardization-Work-Ergonomics-unit load-Space utilization-Systems-Automation-Environmental etc 3.ANSWER A OR B A.1. Explain in detail different demand forecasting techniques. • QUALITATIVE-Jury of executive opinion, consumer survey method, Assessment by sales personnel, Naïve approach, Delphi method • QUANTITAIVE- Time series(Moving Average, Exponential smoothing, Extended Smoothing), Casual method. 2.What are the various factors to be considered before selecting the site for a warehouse? • Cost of distribution from warehouse to market area-Availability of transportation and infrastructure-cost of transportationpresence of competitors-Availability and cost of labor-Cost of land-local resident’s attitude-local taxation etc. B.1. What is logistical network analysis? State its importance and explain the concept of RORO and LASH. • Logistical N/w includes various facilities like manufacturing plants, warehouses, distribution centres. Proper n/w design will help to reduce overall cost. IMPORTANCE-Quick response to market changes, changing customers, New market segment-changes in corporate policyrevitalize customer service-cost control. RORO-type of shipping vessel-helps to solve problems in loading and unloading-trucks are rolled on into the ship and rolled off from the ship after reaching the destination point. LASH-method used to carry the cargo from shallow water ports to ships/vessels which are located in deep water. 4. ANSWER A OR B A.1 Explain the global issues and challenges of supply chain management. • 2. Increasing fluctuation in customer demand-increased complexity in supply chain-political and legal differences-cultural differences-currency unit differences-language difference-high cost of transportation. What is logistics outsourcing? Explain its advantages and disadvantages. • Logistics outsourcing means transferring the repetitive and non-critical activities to outside parties and focusing on core competent functions. ADVANTAGES • • • • • • • • Swiftness and expertise Concentrating on core processes Reduced operational and recruitment costs Risk sharing Staffing levels Save on infrastructure Staffing levels Increasing in house efficiency DISADVANTAGES C. • Loss of managerial control • Hidden costs • Threat to security and confidentiality • Quality problems • Bad publicity and ill will Explain the role of IT in logistics and supply chain management. Write in detail on types of logistical information system. • Better communication • Competitive advantage • Ease of operations • Quick decision making • Accurate data TYPES OF LOGISTICAL INFORMATION SYSTEM • External • Internal 5. ANSWER A OR B A 1.ANNUAL DEMAND-10000 UNITS C= Rs.20 per unit Co=Rs 200 I=0.3 EOQ=√2*10000*200/20*.3 = √ =2000/6 units 2. SOLUTION USING 5 MONTHS MOVING AVERAGE TH FORECAST FOR 7 MONTH=150+145+142+138+130/5 = 141 UNITS USING 3 MONTHS MOVING AVERAGE TH FORECAST FOR 7 MONTH=150+145+142/3 = 145.66 UNITS B.SHORT NOTES 1. INTEGRATED LOGISTICS-Logistics helps to interlink an enterprise with its customers and suppliers, there is inventory and information flow in this. 2. PARTICIPANTS OF SUPPLY CHAIN MANAGEMENT- Suppliers, wholesalers, distributors, retailers, customers 3. COLD CHAIN STORAGE-Series of facilities for maintaining ideal temperature storage condition for perishables from point of origin to point of consumption. It consists of pre cooling facilities, refrigerated carriers, packaging etc 4. REVERSE LOGISTICS- Process of moving a product from the point of consumption to the point of origin like replacement of defective goods, repairing used products, replacing expired products etc. 5. ELECTRONIC DATA INTERCHANGE-Fastest, easiest and most productive way to conduct business with the transportation, warehousing and logistics industry. EDI is the exchange of information within or outside using electronic measure.