Logistics and Supply chain management
Answer all questions. Each question carries 15 marks. Attempt 2 sub 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.
The demands of the last 4 months of a company are 1000, 1200, 1100 and 1150. Using a reducing weight method, identify the weighted average demand.
Q 1 CWhat is supply chain management and who are the different participants in the SCM for a textile industry
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 the types of packaging and what role does packaging play in logistics.
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. What is the need for a logistics network design and elaborate the usefulness of Milk run.
Q 3.c. What are the desirable features of LIS and how is MRP different from DRP
Q4 a. What is logistical costing and why is done. Also elaborate mission based costing
Q4 b. What are the challenges in the global SCM
Q 4 C What are the various internal measures of performance measurement?
Q5. Read the case and answer the questions belowM/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:-
- Identifying the linkages of inventory management and warehousing with respect to the above case(5 marks)
- Key challenges that they may face (5 marks)
- Identifying the modern logistics infrastructure that the company may plan to take support from.(5 marks)
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