BBR502 — LOGISTICS MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2017
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	V
SUBJECT CODE & NAME	BBR502 — LOGISTICS MANAGEMENT
BK ID	B1803
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.

Question. 1. Elucidate the objectives of Logistics. Briefly explain the types of logistics.

Answer: The concept of logistics is fairly new in the business world. The theoretical development was not used until 1966. Since then, many business practices have evolved and logistics currently costs between 10 and 25 percent of the total cost of an international purchase. There are two main phases that are important in the movement of materials: material management and physical distribution; Materials management is the timely movement of raw materials, parts, and supplies. The physical distribution is the movement of

Question. 2. Elaborate the functions and contribution of Supply Chain Management (SCM). Explain the factors influencing Supply Chain Effectiveness.

Answer: Supply chain refers to all the facilities and processes used in supply of goods and services; from procurement of raw material, through manufacturing operations, up to delivery to final user, and supply chain management (SCM) refers to

Question. 3. List and explain the different types of Inventory Cost.

Answer: Inventory consists of the products that a company has stored for resale to its customers. Inventory can be separated into three categories: raw materials, semi-finished goods and finished goods ready for sale. Purchasing, processing, holding and selling inventory all incur a range of operational costs that must be balanced

Question. 4. Describe the need for Warehousing Management Explain the basic functions of warehouses.

Answer: Basic function of a warehouse are movement of goods storage of goods, and information management.

1.  Storage of Goods: One of the traditional requirements of a warehouse has been for storing goods. The warehouse provides the space required for  such storage and it is one of the important functions of a warehouse.

Question. 5. Explain the functionality of Transportation. Elucidate the factors affecting freight cost.

Answer: Transportation Functionality provides two major functions which are described below:

Product Movement: To move various types of products whether it is raw materials, components, semi-finished goods, packaging material, scrap, and so on, transportation is very essential. While moving semi-finished goods or W.I.P., transportation moves them to the next stage in manufacturing, whereas while moving

Question. 6. Elaborate the importance of Logistics Information System (LIE). What are the Principles of designing LIS?

Answer: The information structures are files of special statistics data that constitute an important element of the information systems. They form data basis for the standard analyses. Even planning is based on the information structures.

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