Prelim paper 1- Logistics and Supply chain management
Answer all questions. Each question carries 15 marks. Attempt 2 questions from Q 1- 4
Q1 a. Bring out the importance of logistics in developing economy like India
Q1 b. Elaborate the various ways in which an organisation can do demand forecasting
Q 1 CWhat is supply chain management and how is it different from Logistics
Q2 a.What are the benefits that one gets from strategic warehousing
Q2 b. “Material handling only adds up to cost”- do you agree?
Q 2 C What are inter modal transport and what are their importance
Q3 a. Critically examine EOQ as an inventory management tool. A company has an annual requirement of 50000 units with a per unit cost of Rs 30, ordering cost is Rs 250 and carrying cost is 20%. Compute EOQ and what does that signify.
Q3 b. Distinguish between P and Q system of inventory management
Q 3. CWhat are the uses of MRP and DRP in Logistics
Q4 a. What is logistical audit and why is it done
Q4 b. Explain milk run with a help of an example
Q 4 C What are the various internal measures of performance measurement?
Q5. Read the case and answer the questions below
1. M/s Sharma is an old name in iron mining and supply. They have recently been awarded 3 mines from the Jharkhand government and they plan to target the steel companies located in Indonesia, Malaysia and Singapore since they foresee a lot of revenues coming from them. Along with mining of iron, they also manufacture large steel pipes which are used by governments across the globe for their dam and turbine constructions. The company is just 10 years old and has achieved a reputation across the globe due to prompt deliveries and tapping untouched areas. Hence the company can demand a premium and so is financially sound. The company now has a key challenge of mining the ore and getting it shipped to different countries. The company earlier had a tie up with a clearing and forwarding agent who used to handle the cargo. But now since the size of the company is growing, they would want to get everything in house to achieve economies of scale. They seek you help in:-
a. Identifying the linkages of inventory management and warehousing with respect to the above case(5 marks)
b. Key challenges that they may face (5 marks)
c. Identifying the modern logistics infrastructure that the company may plan to take support from.(5 marks)