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Master of Business Administration- MBA Semester 4
“Supply Chain Management” Specialization
SC0006 – Global Logistics and Supply Chain Management- 4 Credits
(Book ID: B1661)
Assignment (60 Marks)
Note: Answer all questions (with 300 to 400 words each) must be written within 6-8 pages. Each Question carries 10 marks 6 X 10=60
Q1. Write a note on any three trade blocks.
Answer. In general terms, regional trade blocks are associations of nations at a governmental level to promote trade within the block and defend its members against global competition. Defense against global competition is obtained through established tariffs on goods produced by member states, import quotas, government subsidies, onerous bureaucratic import processes, and technical and other non-tariff barriers. Since trade is not an isolated activity, member states within regional blocks also cooperate in economic, political, security, climatic,
Q2. Explain the three basic types of cargo.
Answer. Cargo (or freight) is goods or produce transported, generally for commercial gain, by ship or aircraft, although the term is now extended to intermodal train, van or truck. In modern times, containers are used in most long-haul cargo transport using marine, road, air and other means.
The types of cargo can be classified into 3 groups:
1. General Cargo
Is the stuff that does not need any special
Q3. Describe intermodal movements in detail.
Answer. Intermodalism generally has been defined in somewhat narrower terms by different segments of the freight transportation industry. For example, for the international seaborne shipping industry, intermodalism implies cargo transport in standard shipping containers. However, for the domestic surface-borne trade, intermodalism would pertain to the transport of highway trailers on railroad flat cars. These differences in characterization of intermodal freight transportation call for a broader and comprehensive definition of the concept of intermodalism, in order to capture different aspects of the intermodal freight transportation system in the
Q4. Write a note on ocean liner conferences.
Answer. Ocean Liner Conferences
A good place to start this review is to explore the institution of liner conferences. Liner conferences are organizations of vessel operators who serve similar markets. They form cartels to both regulate (some say, eliminate) competition among themselves and protect “their” market from outsiders. Today conferences in the American trades exist to facilitate cooperative relationships between carriers with the intent of reducing wasteful practices. Participation in conferences does not mean that members do not compete. Indeed, intense competition
Q5. Explain the different methods/terms of payments.
Answer. A payment is the transfer of money from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation. The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no
Q6. Briefly explain the important functions involved in an international distribution channel.
Answer. Distribution channels move products and services from businesses to consumers and to other businesses. Also known as marketing channels, channels of distribution consist of a set of interdependent organizations—such as wholesalers, retailers, and sales agents—involved in making a product or service available for use or consumption. Distribution channels are just one component of the overall concept of distribution networks, which are the real, tangible systems of interconnected sources and destinations through which products pass
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