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Assignment
| DRIVE | FALL 2014 |
| PROGRAM | BBA |
| SEMESTER | V |
| SUBJECT CODE & NAME | BBR502 & LOGISTICS MANAGEMENT |
| BK ID | B1803 |
| CREDIT & MARKS | 4 CREDITS & 60 MARKS |
Q.1 Describe the various types of logistics.
Answer: – 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 integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation in logistics for
Q.2 Write short notes on:
Answer: –
- Integrated logistics: – Integrated logistics support (ILS) is an integrated and iterative process for developing materiel and a support strategy that optimizes functional support, leverages existing resources, and guides the system engineering process to quantify and lower life cycle cost and decrease the logistics footprint (demand for logistics), making the system easier to support. Although originally developed for military purposes, it is also widely used in commercial product support or customer service organisations.
ILS is the integrated planning a
- Supplier relationship management: – Supplier relationship management (SRM) is the discipline of strategically planning for, and managing, all interactions with third party organizations that supply goods and/or services to an organization in order to maximize the value of those interactions. In practice, SRM entails creating closer, more collaborative relationships with key suppliers in order to uncover and realize new value and reduce risk.
Supplier relationship management (SRM) is the systematic, enterprise-wide assessment of suppliers’ assets and capabilities with
- Forecasting in logistics: – In the modern supply chain, forecasting is necessary for companies that manufacture items for inventory and that are not made to order. Manufacturers will use material forecasting to ensure that they produce the level of material that satisfies their customers without producing an overcapacity situation where too much inventory is produced and remains on the shelf. Equally, the
- Inventory acquisition cost: – The cost that a company recognizes on its books for property or equipment after adjusting for discounts, incentives, closing costs and other necessary expenditures, but before sales taxes. The cost of a business to acquire a new customer. The company recognizes
Q.3 List and explain the principles of material handling.
Answer: – Planning principle: –All material handling should be the results of a deliberate plan where the needs, performance objectives, and functional specification of the proposed methods are completely defined at the outset.
Standardization principle: -Standardization principle material handling methods, equipment, controls, and software should be standardized within the limits of achieving overall performance objectives and without sacrificing needed flexibility, modularity, and throughput.
Work principle: -Material handling work should be minimized without sacrificing productivity or the level of service required of the operation.
Ergonomic principle:-
Ergonomic principle Human capabilities and limitations must be recognized and respected in the design of material handling tasks and equipment to insure safe and effective operations.
Unit load Principle: –
Unit load principle Unit loads shall be appropriately sized and configured in a way which achieves the material for and inventory objectives at each stage in the supply chain.
Space utilization principle: –
Space utilization principle Effective and efficient use must be made of all available space.
System principle: –
System principle material movement and storage activities should be fully integrated to form a coordinated operational system that spans receiving, inspection, storage, production, assembly, packaging, unitizing, order selection, shipping, transportation, and the handling of returns.
Automation principle
Automation principle material handling operations should be mechanized and/or automated where feasible to improve operational efficiency, increase responsiveness, improve consistency and predictability, decrease operating costs, and eliminate repetitive or potentially unsafe manual labor.
Environmental principle: –
Environmental principle Environmental impact and energy consumption should be considered as criteria when designing or selecting alternative equipment and material handling systems.
Life cycle cost principle: –
A thorough economic analysis should account for the entire life cycle of all material handling equipment and resulting systems
Q.4 Write short notes on:
Answer: –
- Warehouse sizing problem: – A warehouse sizing problem whose objective is to minimize the total cost of ordering, holding, and warehousing of inventory. Unlike typical economic lot sizing models, the warehousing cost structure examined here is not the simple unit rate type, but rather a more r
- Warehouse Management System (WMS): – A warehouse management system (WMS) is a key part of the supply chain and primarily aims to control the movement and storage of materials within a warehouse and process the associated transactions, including shipping, receiving, putaway and picking. The
.
- Store housekeeping: – Housekeeping is not just cleanliness. It includes keeping work areas neat and orderly; maintaining halls and floors free of slip and trip hazards; and removing of waste materials (e.g., paper, cardboard) and other fire hazards from work areas. It also requires paying attention to important details such as the layout of the
- Packaging costs:- The wrapping material around a consumer item that serves to contain, identify, describe, protect, display, promote and otherwise make the product marketable and keep it clean.
Packaging is more than just your product’s pretty face. Other distribution-related packaging considerations include:
Q.5 What factors affects the freight cost? What are the attributes of customer service?
Answer: – Six factors that affect freight costs: – The factors may either directly influence the demand for goods and services, which in turn affect the demand for freight; or they may impact on the costs and/or levels of service of one or more freight transport modes, which influence whether or not (as well as how) the freight demands will be met.
The purpose of this chapter is to
Q.6 What are the advantages of using the service of 3PL? Which principles do software providers use to develop an appropriate LIS (Logistics Information System)?
Answer: – Five advantages of 3PL: – There are a multitude of benefits companies gain by outsourcing supply chain management to a value-added 3pl. Third party logistics offers an all in one solution for assembly, packaging, warehousing, and distribution. Utilizing a 3pl provides businesses with a reliable logistics advantage, and maximizes profitability
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