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ASSIGNMENT
DRIVE
|
WINTER 2013
|
PROGRAM
|
MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4) /
PGDFMN – (SEM 2)
|
SUBJECT CODE & NAME
|
IB0016 – GLOBAL LOGISTICS AND SUPPLY CHAIN MANAGEMENT
|
SEMESTER
|
4
|
BK ID
|
B1661
|
CREDITS
|
4
|
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 Assume that you are working in a textile company. Your company
decides to import all the raw materials cotton clothing from the global
suppliers to improve the sales. The company assigns you the task of analysing
various issues that must be considered while importing. What are different
issues you face while importing the goods from a global supplier?
Ans : Conducting business
overseas always carries risks. The business culture may be different, or there
may be different regulations that you aren't aware of. The risk of confusion
can be particularly high if your suppliers speak a different language. Different countries can also present other potential problems. For
example, a country could suddenly introduce new export controls or suffer a
natural disaster. Market research is an important way of
reducing these risks. The more you find out about a country and its politics,
economy, culture and
Q.2 Insurance Claim by Jayshri Impex: Jayshri Impex is one of India's
leading garment manufacturer and exporter of textile dyes and chemicals whose
manufacturing facility is located at Jethpur (near Rajkot), Gujarat. The head
office of the company is at Mumbai. The company manufactures an African
traditional dress worn by all natives of African cities - "khanga".
Jayshri Impex has set high standards in garment export and it is recognised by
the government of India
for its extraordinary work. They have their presence in other cities of India as well as in Africa .
Theft of goods:
Armed bandits on October 5, 2004, looted the export consignment of 185
bales of fabrics from the train, when it was transported to Brazzaville
(Republic of Congo ,
West Africa ). The company had insured their
cargo with Bajaj Allianz and lodged a claim at the Bajaj Allianz, Rajkot office on the same
day.
Insurance support from Allianz:
Even though the location of theft was in the remote jungles of Africa , Bajaj Allianz appointed Lloyd's Agency to carry
out a survey immediately to check for the correctness of the claim. Lloyd's was
submitted on the survey report on November 20, 2004. It took a month for
Lloyd's to submit the report due to the procedural formalities involved in Africa to procure documents like police papers and no
trace reports. Since the survey report was submitted in French a translation of
the same was done at Ahmedabad on November 23, 2004. The Insured submitted all
the remaining documents such as Power of Attorney, Original Bill Of Landing,
NOC from Consignee, etc on November 25, 2004 from their Head Office at Mumbai.
The claim was processed and based on the survey findings it was found to be
true and the insurance amount of Rs.31,37,360/- was released on November 30,
2004.
Inference
Jayshri Impex managed to avoid a huge loss thanks to the insurance that
it had purchased. The insurance company Bajaj Allianz also responded quickly
and supported its client by releasing the amount at the earliest.
Why did Jayshri Impex claim for insurance? What type of insurance may
Jayshri Impex opted for. How did the insurance company help Jayshri Impex?
(Source:http://general.bajajallianz.com/BagicCorp/bajaj_home/claims/case_study.jsp)
Ans: Reason for claiming insurance:
Jayshri Impex is a leading garment manufacturer and exporter of textile
dyes and chemicals. The manufacturing facility is located at Jethpur (near Rajkot ), Gujarat while
the head office is at Mumbai.
Jayshri Impex manufactures "khanga" - an African traditional
dress worn by all natives of African cities. Armed bandits on October 5, 2004, looted the
export consignment of 185 bales of fabrics from the train, when it was
transported to Brazzaville (Republic of Congo ,
West Africa ). The company had insured their
cargo with Bajaj
Q.3 Explain in detail about INCO terms.
Ans: Definition of INCO terms:
The Incoterms rules or International Commercial Terms are a series of
pre-defined commercial terms published by the International Chamber of Commerce
(ICC) that are widely used in International commercial transactions or
procurement processes
What do they indicate:
A series of three-letter trade terms related to
Q.4 Name the two types of rate making and explain the factors affecting
air freight rates.
Ans: Discussion of freight rates (general and specific commodity rate)
with example:
A freight rate (historically and in ship chartering simply freight) 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
Q.5 Write short notes on:
a. Bareboat Charter
b. Combination vessels
c. Importance of free trade zones
d. Dry ports in India
Ans :a. Bareboat Charter:
A bareboat charter is an arrangement for the chartering or hiring of a
ship or boat, whereby no crew or provisions are included as part of the
agreement; instead, the people who rent the vessel from the owner are
responsible for taking care of such things.
There are legal differences
Combination vessels:
An ore-bulk-oil carrier, also known as combination carrier or OBO, is a
ship designed to be capable of carrying
Importance of free trade zones:
A free trade zone (FTZ), also called foreign-trade zone, formerly free
port, is an area within which goods may be landed, handled, manufactured or
reconfigured, and re exported without the intervention of the customs
authorities
Dry ports in India:
A dry port, also called sometimes an inland port or multimodal logistics
centre, is an inland terminal connected to a seaport by rail or road.
Q.6 Explain the global trends that affect the decision of a global
logistics manager
Ans: Explanation of global
trends:
1. Market concentration :
In economics, market concentration is a function of the number of firms
and their respective shares of the total production (alternatively, total
capacity or total reserves) in a market. Alternative terms are Industry
concentration
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 )
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