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ASSIGNMENT
| PROGRAM | Bachelor of Business Administration- BBA |
| SEMESTER | V |
| SUBJECT CODE & NAME | BBR502: LOGISTICS MANAGEMENT |
| CREDIT | 4 |
| BK ID | B 1803 |
|
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.
- 1 What is meant by logistics? What are the objectives of logistics? Describe the role of logistics in an economy.
Answer: – Meaning of logistics: – Logistics is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, animals, equipment and liquids, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the
- 2 What is demand forecasting? Explain the forecasting process.
Answer: – Meaning of Demand forecasting: – Demand forecasting is the activity of estimating the quantity of a product or service that consumers will purchase. Demand forecasting involves techniques including both informal methods, such as educated guesses, and quantitative methods, such as the use of historical sales data or current data from test markets. Demand forecasting may be used in making pricing decisions, in assessing future capacity requirements, or in making decisions on whether to enter a new market. A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and
- 3 what are the types of inventory? Explain the objectives of inventory management.
Answer: – Explanation of types of inventory
Raw materials: Raw materials, required for production of finished products are one of the basic components of inventory for a manufacture. Shortage of raw materials can cause production stoppage or change in production Schedule which in turn may result in a shortage of finished goods. Thus sufficient quantities of raw materials need to be stored to cope with uncertain situations. However, where shortage of raw materials can disrupt normal
- 4 Define ‘material handling’. What are the objectives of material handling? Explain the role of material handling in logistics.
Answer: – Definition of material handling:- Material Handling is the field concerned with solving the pragmatic problems involving the movement, storage in a manufacturing plant or warehouse, control and protection of materials, goods and products throughout the processes of cleaning, preparation, manufacturing, distribution, consumption and disposal of all related materials, goods and their packaging. The focus of studies of Material Handling
- 5 what is the purpose of packaging? Discuss the design consideration in packaging.
Answer: – Purpose of packaging: – Packaging is the technology of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of design, evaluation, and production of packages. Packaging can be described as a coordinated system of preparing goods for transport, warehousing, logistics, sale, and end use. Packaging contains, protects, preserves, transports, informs, and sells. In many countries it is fully integrated into government, business, institutional, industrial, and personal use.
- 6 Write short notes on:
a) Value-Added Logistical Service
b) Logistics outsourcing
Answer: – Value-Added Logistical Service:- The increasingly volatile and consumer sensitive chains of supply and demand are not only impacting prices, they are stimulating today’s logistics providers to be more responsive, agile and consumer-centric in their supply chain solutions.
We create more value for our
Logistics outsourcing:- Logistics outsourcing, at its core, is simply the process of contracting with other companies to handle various aspects of the logistics supply train—for example, instead of purchasing and maintaining a fleet of trucks, a company would contract with a dedicated shipping company to transport supplies and products to and from the market. In addition to simple transport duties, a logistics outsourcing policy could see auditing and even long-term planning handled by external contractors who have specialized in providing effective logistics solutions, rather than the company itself.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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