BBR 502 LOGISTICS MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2016
PROGRAM	BBA – RETAIL
SEMESTER	V
SUBJECT CODE & NAME	BBR 502 LOGISTICS MANAGEMENT
BK ID	B1803
CREDIT & 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.

Question.1. Write short notes on:

1. Procurement logistics

Answer:Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations. The resources managed in logistics can include physical items such as food, materials, animals, equipment, and liquids; as well

2. Distribution logistics

Answer:Logistics management is the part of supply chain management that plans, implements, and controls the efficient, effective forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer's requirements. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The

3. Supporting activities of logistics management

Answer:A basic distinction in the nature of logistics activities is between inbound and outbound logistics.

Inbound logistics is one

4. Key components of logistics

Answer:Logistics management has a very wide area of covered duties. However, you can put together relevant functions to come up with three basic components, namely transportation, warehousing and packaging. Transportation management entails inbound and outbound transportation and fleet management. The responsibility includes fuel management and vehicle tracking systems that will prevent delivery delays and violations of government rules and laws. If you will take a closer look at the

Question.2. Explain the concept of supply chain management (SCM) and its functions, types of retail exchanges and short note on supplier relationship management (SRM)

Answer:Supply chain management (SCM) is the management of the flow of goods and services. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain. Supply chain management

Question.3. Elaborate the types of inventory and the objectives of inventory management

Answer:Inventory is an idle stock of physical goods that contain economic value, and are held in various forms by an organization in its custody awaiting packing, processing, transformation, use or sale in a future point of time.

Any organization which is into production, trading

Question.4. Warehousing does not only mean storing inventory. It involves several other functions also. Briefly describe

A) The activities in warehouses and

B) The functions of warehouses.

Answer:Warehousing is the storage of goods for profit. The physical location, the warehouse, is a storage facility that receives goods and products for the eventual distribution to consumers or other businesses. A warehouse is also called a distribution center. Warehouse management is the process of coordinating the

A) The activities in warehouses and

Warehouses are operated in several ways. Public warehousing involves the client paying a standard fee for the storage of merchandise. Private warehousing is storage and operations controlled completely by a single manufacturer. Leased warehousing is an option for more stable inventory. Contract warehousing clients pay fees regardless of whether they are using the space or not; the space is always there for

B) The functions of warehouses.

Warehousing can also be defined as assumption of responsibility for the storage of goods. By storing the goods throughout the year and releasing them as and when they are needed, warehousing creates time utility.

Functions of Warehousing:

1. Storage: This is the basic function of warehousing. Surplus commodities which are not needed immediately can be stored in warehouses. They can be supplied as and when needed by the customers.

Question.5. The aim of logistics packaging is to protect a product from spoilage and theft. Thus, the package developed for a product should be designed in such a manner that it meets the objective of logistical packaging. While designing a logistical package for a product, what are the aspects needed to be considered by an organization?

Answer:Product design is cross-functional, knowledge-intensive work that has become increasingly important in today's fast-paced, globally competitive environment. It is a key strategic activity in many firms because new products contribute significantly to sales revenue. When firms are able to develop distinctive products, they have opportunities to command premium pricing. Product design is a critical factor in organizational success because

Question.6. Write short notes on:

1. Transportation system and its functionalities

Answer:A transportation management system (TMS) is a subset of supply chain management concerning transportation operations and may be part of an enterprise resource planning system.

A TMS usually "sits" between an ERP or legacy order processing and warehouse/distribution module. A typical scenario would include both inbound (procurement) and outbound (shipping) orders to be evaluated by the TMS Planning Module offering the user various suggested routing solutions. These solutions are evaluated by the user for reasonableness and are passed along to the transportation provider analysis module to select the best mode and

2. Importance of Logistics information system

Answer: The move towards higher levels of customer service necessary to defend market share has come at a time when the economic climate has highlighted the need to reduce logistics costs. Compounding this issue is the added complexity many companies now face as they expand towards a European‐wide supply chain. In this environment it has become essential to address the management of the supply chain in a more formal way, and in particular to use modern information systems. The focus of these tools is away from the local cost‐reduction initiatives which prevailed throughout the 1980s, to a focus on logistics issue

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