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DRIVE-SPRING
2014
PROGRAM-MBADS
(SEM 3/SEM 5) MBAFLEX/ MBAN2 (SEM 3) PGDROMN (SEM 1)
SUBJECT
CODE & NAME-ML0010 –Warehousing and Supply Chain Management
BK
ID-B 1761
CREDIT
& MARKS-4 Credits, 60 marks
Q1.Define
Logistics Management and discuss different models in Logistics Management
(Definition,
Types of Models with explanation)1, 9
Answer.
Logistics
Management
Logistics management is the part
of supply chain management that plans, implements, and controls the efficient,
effective, forward, and reverse flow and storage of goods, services, and
related
Q2. Briefly describe the role of drivers in
Supply Chain
(Listing
each of them, Explaining in brief)2, 8
Answer.
Role
of drivers in Supply Chain
All the four drivers have a
diversified and pivotal role to play in the smooth functioning of the supply
chain and in achieving the strategic fit. This is discussed below:
Q3. Describe the role of third parties in
increasing the supply Chain Surplus.
(Explanation)10
Answer.
Role
of third parties in increasing the supply Chain Surplus
There are a variety of mechanisms
that third parties can use for the growth of surplus.
1. Capacity aggregation: It
is the most common reason for outsourcing production in a supply chain, whereby
a third party can raise the supply chain surplus by conglomerating demand
pertaining to multiple firms and gaining production economies of scale that no
single firm is able to on its own.
Q4. An improved transport management system is
required for betterment of stakeholders, cost reduction and improving service
levels. Explain the benefits of transport management system in context to the
aforesaid statement.
(Explanation
of statement, Explanation of benefits) 1, 9
Answer.
Benefits
with Explanation
An improved transport management
is a win-win situation for all stakeholders:
•
For
shippers, optimized transport improves logistics cost structure.
Q5.
“The Impact of IT on Supply Chain Management is immense”. Briefly explain the
impact of IT on Supply Chain Management.
(Explanation
of the statement, Explanation of impact of IT on SCM) 2, 8
Answer.
Impact
of IT on SCM with explanation
The impact of information
technology on supply chain management is immense. IT has influenced supply
chains in forming positive client relationships; developing new markets,
expanding older
Q6.
Write short notes on:
(a)Box
Jenkins Method
(b)Bull
Whip Effect
(Meaning
and types of Box Jenkins Modelling, Meaning and causes of Bull Whip Effect) 5,5
Answer.
(a)Box
Jenkins Method
Box–Jenkins Method
This method is a self analytical
time series forecasting method. Its emphasis is to find a formula so that the
residuals are as small as possible and exhibit no pattern. Box–Jenkins model is
widely used and practiced in understanding systematic approach for verifying
forecasting uncertainty. This method
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