sc009 smu mba summer 2014 IVth sem assignment

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DRIVE summer 2014

PROGRAM/SEMESTER MBADS (SEM 4/SEM 6)

MBAFLEX/ MBAN2 (SEM 4)

PGDSCMN (SEM 2)

SUBJECT CODE & NAME SC0009–SUPPLY CHAIN COST MANAGEMENT

BK ID -B1664

CREDITS AND MARKS -4 CREDITS AND 60 MARKS

Q.1. Write short notes on: ( Methods of calculating costs of inventory,  Cycle time,  Various costs included in transaction costs,  Different methods for identifying fair and reasonable pricing)  10(2.5 marks each)

ANS: Methods of calculating costs of inventory: The different methods of calculating the costs of inventory include the following:

·         FIFO method – First In First Out method.This method assumes that the inventory is consumed in chronological order.

Q.2. What are the tasks that an organisation needs to perform before implementing the cost management strategy? { Listing of the tasks, Brief discussion on the tasks ( Reviewing business plan and procurement /marketing strategy,  Identifying participants for cost management team,  Selecting primary costs to be managed,  Building rest of the cost management team) } 2,8

ANS: Listing of the tasks: Before implementing the cost management strategy, an organisation needs to perform the following tasks:

·         Reviewing business plan and procurement/marketing strategy

·         Identifying initial participants for the cost management team

·         Selecting primary costs to be managed

Q.3. What is process costing? Discuss the steps involved in process costing method. (Definition of the process costing, When to use process costing, Discussion of steps in process costing (what it involves and examples) 1, 1.5, 7.5

ANS: Process costing: Process costing is a method that assigns production costs to units of output. The production costs are traced first to the production departments and then to units of output as they travel through the departments. This type of a costing method is used typically for processes that produce large quantities of homogeneous products.

Q.4. Discuss the steps involved in overcoming the constraints of cost management plan. (  Description of constraints a company faces, Discussion on steps to overcome constraints, Conclusion) 4,5,1

ANS: Description of constraints a company faces: the main constraints that a company faces are:

·         Equipment constraints - These constraints occur when certain manufacturing equipment are unable to achieve the level of output required by the market, due to the configuration used.

Q.5. HP Experiences Cost Savings And Exhibits Environmental Responsibility Through Sustainable Supply Chain Solutions

HP is committed to its role in creating a low-carbon economy. The leading technology company was one of the first to measure and report its global logistics and manufacturing carbon footprint, so transitioning to more sustainable supply chain operations was a critical next step. HP leveraged its existing relationship with ModusLink to develop a sustainable supply chain strategy. For more than 20 years, ModusLink has managed the company’s complete supply chain for commercial accessories in North America and EMEA, including procurement, kitting and distribution into direct and indirect channels. ModusLink’s cradle-to-cradle approach includes services ranging from sustainable packaging redesign and network optimization to GHG footprinting, recycling and asset disposition. HP was seeking to accomplish two major goals: Get fully solved assignment, plz drop a mail with your sub code

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·         Significantly decrease its GHG emissions

·         Reduce logistics and transportation costs

In order to achieve these goals, ModusLink used a combination of sophisticated tools, existing relationships with key sustainable materials suppliers, and an in-house team of experts to conduct a thorough analysis of HP’s supply chain network and operations. This analysis confirmed that an eco-friendly product packaging redesign would significantly reduce HP’s environmental impact and its logistics costs. The existing packaging design consisted of large boxes and non biodegradable foam. ModusLink has developed a 4D methodology — a process that analyzes ergonomics, cost, logistics and sustainability — to redesign product packaging using less materials, eliminating plastic and finding more environmentally sound alternatives. As a result, the foam was replaced with protective end-caps made from 100 percent recycled plastic, and cubic feet and pounds of the finished packaging were significantly reduced.

The 4D Methodology for Product Packaging

1. Ergonomics

·         Design for easier assembly

·         Design for a supreme point-of-purchase and out-of-box experience

2. Cost

·         Reduce materials where possible

·         Use cost-effective materials

3. Sustainability

·         7Rs concept (Remove, Reduce, Recycle, Renew, Revenue, Read)

·         Determine CO2 footprint via ECRM scorecard

4. Logistics

·         Reduce empty space and size for pallet maximization and freight reduction

·         Reduce packaging while still protecting the product

ModusLink then conducted a network simulation and GHG analysis incorporating the new packaging design to understand the impact on transportation cost and other factors in the supply chain. The analysis showed that HP could reduce GHG emissions by 10 metric tons per year and yield transportation cost savings of more than $50 thousand per year, which is a savings of 12 percent per unit. With more compact, eco-friendly packaging in place, HP continues to uphold its commitment to the environment while benefiting from the cost savings and efficiency resulting from a more sustainable supply chain.

Results:

HP experienced substantial, measurable savings:

Direct Packaging Benefits Per Year

·         More than 350 thousand U.S. dollar savings in packaging

·         materials alone

·         74 thousand cubic feet removed from packaging

·         88 thousand pounds of packaging eliminated

·         62 metric ton reduction in GHG, equaling:

·         11.9 passenger cars driven in one year

·         144 barrels of oil saved

·         6,974 gallons of gasoline

·         20.9 tons of waste recycled , not sent to landfills

Estimated Indirect Savings Per Year

·         More than 50 thousand U.S. dollars in outbound transportation costs

·         10 metric tons less packaging

Why did HP redesign its packaging? How did they achieve these goals? ( listing of the reason to reduce cost, Summarization of the analysis of HP’s supply chain, findings, redesign product, packaging, analysis of the redesigned packaging,  Evaluation of benefits, Conclusion) 2,5,2,1

ANS: Why did HP redesign its packaging: The effectiveness of the product and packaging has an impact on other functional efficiencies of the organisation. Marketing and sales will not function in a planned way if the products are damaged during handling or shipment. Fragile products require special handling which costs more than the usual costs. Failure in designing and packaging of a product results in unnecessary expenses in production and labour, in handling or product distribution. In addition to this, improper product and package design consumes more time in packing and loading/unloading. Redesigning packages increases the planned cost. An integrated product and

Q.6. Healthcare supply chains face many challenges

By NCT11. October 2013

Medical supplies and equipment are a significant cost center for hospitals.Medical supplies and equipment are a significant cost center for hospitals. An aging population continues to place pressure on the healthcare industry. Hospitals are expected to deliver immediate care to anyone who walks through the door, but the number of people needing treatment is likely to continue to grow. This dynamic is creating new jobs within the industry - more than 5.6 million positions are expected to be created by 2020, according to a study from Georgetown University's Center on Education and Workforce, as reported by The Huffington Post. However, the growth is also placing new demands on supply chains. The Supply Chain Council noted that healthcare organizations may have to absorb 10 to 20 percent more capacity to account for the increase in equipment and medications needed to treat an aging population. There is already considerable pressure to reform hospital distribution networks, as the supply chain can represent nearly half of healthcare companies' operating costs, making it the second largest expense behind labor. A blog post on the medical site KevinMD stated that changes in supply chain management could contribute to significant saving for hospitals.

Overcoming obstacles with effective shipping

Hospitals face several challenges when it comes to streamlining their supply chains. The first is the need to cover emergency care. On any given day, a facility may have the need for a wide range of equipment and medications. Regular, timely deliveries ensure they have the supplies they need. The second issue facing healthcare supply chain reform is the range of products required. Everything from cardiac stents to artificial joints may be needed at anytime. To complicate the situation, physicians may have preferences for select brands of medications. More products create complex distribution networks, but hospitals could benefit from LTL freight management. This shipping strategy lets organizations move various quantities of goods from a variety of locations at minimal costs. The carriers are able to use product to increase capacity, reducing their overall operating expenses, and the savings are passed along to customers. Switching to LTL services could help hospitals gain control of supply chain costs. Product quality is essential to controlling expenses in the healthcare industry. Pharmaceuticals that are stored wrongly could deteriorate and become ineffective. Keeping merchandise at the ideal temperature is essential for reducing waste within supply chains, and hospitals can use refrigerated trucking services to maintain the optimal climate for medications during delivery. This provides the guarantee that shipments will arrive as scheduled and in good condition chains-face-many-challenges

What are the challenges faced by hospitals in streamline their supply chain? How can these be overcome? (Listing and brief explanation of the challenges, Solution to overcome the challenges) 5, 5

ANS: The challenges faced by hospitals in streamline their supply chain: Streamlining the Healthcare Supply Chain are the second biggest cost drivers after labour in the healthcare industry. Millions of products move through the healthcare supply chain daily through manufacturers, distributors, Group Purchase Organisations (GPOs), healthcare providers to patients. Healthcare supply chains are very fragmented. Here, the manufacturers, wholesalers, distributors, group purchasing organisations and providers work independently throughout the chain, but still will interact

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sc008 smu mba summer 2014 IVth sem assignment

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DRIVE summer 2014

PROGRAM/SEMESTER MBADS (SEM 4/SEM 6)

MBAFLEX/ MBAN2 (SEM 4)

PGDSCMN (SEM 2)

SUBJECT CODE & NAME SC0008 –PURCHASING AND CONTRACTING FOR

PROJECTS

BK ID- B1663

CREDITS AND MARKS- 4 CREDITS AND 60 MARKS

Q.1. Write short notes on: 10 (2.5 marks each)

·         3 R's in contract management

·         Contracting strategies

·         Target cost contract

·         Fixed price contract

ANS: 3 R's in contract management: Therefore, we can say that there are three R’s in contract management, which are Risk, Rules and Relationships.

Risks - Risk is present in every business or transactions in one form or another. Whatever strategy the contractor selects, it will bring in some kind of risks for the buyer as well as the contractor. Hence, it is important to select a strategy wherein the risk involved is less. The risk involved in a contract should be modified to the extent that the contractor can manage the risk.

Q.2. Contract for Transferring the Newspaper Agency

Background

Pranav, a business man, owned a newspaper agency. He wanted to sell the newspaper agency to another party. Hence, in January 2010, he entered into negotiations with Mishra who had just started a newspaper agency business. Pranav informed Mishra that the newspaper agency has been making a profit of about Rs 10 lakh per annum over the last five years. Pranav also offered to let Mishra inspect the annual accounts of the newspaper agency, but Mishra refused to do it. The negotiation proceeded for three months, during which time the business diminished to such an extent that the profit reduced to approximately Rs two lakh per annum.

Issues

On 1st June 2010, Mishra entered into a contract with Pranav by which the newspaper agency business was transferred to Mishra for Rs 50 lakh. On 12th June 2010, Mishra realised the actual state of the business. He also realised that the business had only made a profit of Rs five lakh over the last five years and not Rs 10 lakh. In this case, Mishra had no remedy against Pranav for breach of contract. This is because a valid contract was created when Mishra agreed to Pranav's offer after months of negotiation. Without any contrary to the contract, Mishra had entered into the contract and offered his consent. After creating the contract, both the parties had not breached any terms of the contract. Even though Pranav had stated that the agency was earning Rs 10 lakh per annum, the contract did not indicate that the agency to be transferred was earning Rs 10 lakh per annum for the last five years. The contract that existed in this scenario only covered the transfer of ownership of the agency and the purchase price that was delivered by Pranav as fulfilment of his obligations. As there was no apparent breach of contract terms, Mishra could not claim breach of contract even when he identified that the agency was really earning less than what Pranav had stated previously.

Explain why Mishra could not claim breach of contract against Pranav. ( Background of the case,  Explanation terms and conditions of the contract that was entered into, Inference of whether what was stated by Pranav falls under the terms and conditions) 2,4,4

ANS: Background of the case: Pranav, a business man, owned a newspaper agency. He wanted to sell the newspaper agency to another party. Hence, in January 2010, he entered into negotiations with Mishra who had just started a newspaper agency business. Pranav informed Mishra that the newspaper agency has been making a profit of about Rs 10 lakh per annum over the last five years. Pranav also offered to let Mishra inspect the annual accounts of the newspaper agency, but Mishra

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Q.3. Assume that you are looking out for a contracting company for the construction of a hospital. You decide to draft a PQQ to all the proposed tenderers. Which questions you would include in the PQQ? ( Writing the question, Justifying the need to include the question in the PQQ) 5,5

ANS: Writing the question:

Question - Please confirm that your company will submit a tender in accordance with the proposed contracting strategy and in accordance with the attached terms.

Question - Describe your capabilities, experience and resources with ABC technology.

Q.4. Explain payment security.( Description of payment security, Discussion on various payment security risks,  Indication of least and most risk from contractor’s point of view) 2,7,1

ANS: Payment Security: The client or the buyer requires security for any advance or progress payments, in case the contractor does not perform as per the contract. Therefore, to secure the client against such risks there needs to be some security stating that the payment would be made. Such type

Q.5. Attractive Incentive Scheme

OP is a major oil company that had a massive blow-out in one of its oil wells. Oil was flowing out and polluting a major river in an environmentally sensitive area. Only a few companies in the area had equipment suitable to plug the well. OP’s director had a brief discussion with one of the companies that specialised in plugging the leak. This leak had posed a major environmental risk. Hence, the issues that needed to be considered here were urgency, duration of the work and availability of suitable contractors. If the leak was not plugged at the earliest it would seriously affect the public’s perception of the company. As the situation had to be rectified at the earliest the company had to choose contractors in the nearby location. Most contractors viewed the situation as an opportunity to make money. The oil company’s director had noticed this in his discussion with the first company. However, in this situation the oil company had to seek a solution that satisfied the contractor’s objective to make money and the company’s aim of getting the work done quickly. The offer for the contract was such that the contractor would be paid at the standard rates for normal work, together with an incentive scheme. Conversely, the two tasks, plugging the well and cleaning up, had to be treated independently. The offer also stated that if the oil leak was stopped within an hour a very high bonus would be paid, and the longer it takes the bonus would be reduced on an hourly basis. If the time taken was unacceptable, the bonus would be reduced to zero and only the standard rate as agreed for the work would be paid. The bonus offered was sufficiently high in order to make the task seem worthwhile. The clean-up work was also based on a similar incentive formula but with a daily, rather than an hourly, time schedule. By providing a high incentive the company was able to get the well plugged in one day and the clean-up in 23 days. Source: Ward, G. (2008). The Project Manager's Guide to Purchasing: Contracting for Goods and Services. Great Britain: Gower Publishing Limited.)

What contract and payment terms should be negotiated? What should be the base criteria for formulating the incentive scheme? ( Analysis with respect to incentive mechanisms, Interpretation with respect to negatives of cost incentives) 5,5

ANS:  Incentive Mechanisms: Incentives are external measures that are designed and established in order to influence motivation and behaviour of individuals, groups or organisations. There are many incentive systems or mechanisms and they are a combination of several coherent incentives. An incentive strategy should be developed by the client as part of the payment strategy. However, the client should not reveal the incentive strategy until the supplier or the contractor is selected. Let us now discuss the various incentive mechanisms.

Q.6. Can delivery affect the project? Explain ( Statement of the student’s viewpoint, Justification for it with supporting evidence, Conclusion) 2,6,2

ANS: Delivery: The transport department of an organisation is responsible for delivering the goods. Usually, the delivery of goods is done by the people who have expertise in the area of transportation. Sometimes even the project manager gets involved in the delivery of goods or services to assist the transportation department during import or export of materials. Usually, the items that are large in size and/or delicate involve greater risk and require greater attention while delivery. Risk management is a

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sc007 smu mba summer 2014 IVth sem assignment

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DRIVE summer 2014

PROGRAM/SEMESTER MBADS (SEM 4/SEM 6)

MBAFLEX/ MBAN2 (SEM 4)

PGDSCMN (SEM 2)

SUBJECT CODE & NAME SC0007 – CATEGORY MANAGEMENT IN PURCHASING

BK ID- B1662

CREDITS AND MARKS- 4 CREDITS AND 60 MARKS

Q.1. Write Short notes on: 10 (2.5 marks each)

 Obstacles for driving change in category management process

 Product category life cycle

 Stakeholder mapping

Request for Information

ANS:  Driving change: A high-quality strategic purchasing deals more with change and its management than anything else. You can add a great value to the organisation when you create good sourcing strategy for an area of expenditure. The sourcing strategy that you develop becomes worthless if you are unable to implement it effectively. The strategic purchasing also needs the support, assistance and active participation of different parts of the organisation. The product

Q.2. Explain opportunity analysis. (Explanation should include, Use of opportunity analysis, How it is carried out? Benefits, Disadvantage, Example, Alternative form of opportunity analysis) 2, 2, 1,1,2,2

ANS: Opportunity Analysis: Opportunity analysis is performed to identify the categories on priority that will be tackled before the process begins. It can be considered as a tool to identify the priorities. Opportunity analysis tool is used during the course of the project to evaluate the opportunities. The opportunity analysis is required at this stage to analyse the opportunities that are not clear or was not fully tested before beginning the project. A well-structured category management programme involves multiple categories and category teams. These categories and teams are developed after conducting a detailed multiple-category opportunity analysis using spend data, market knowledge and consultation with stakeholders. The initial opportunity analysis is usually carried out using external

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Q.3. Wal-Mart redefines sourcing strategy

By Gill McShane

Wal-Mart Stores has announced in a press release a number of related events that position the company to leverage its global scale to reduce costs of goods, accelerate speed to market, and improve the quality of its products. The new global sourcing strategy involves the creation of Global Merchandising Centers, a change in leadership and structure, and a strategic alliance with Li & Fung, a global sourcing organisation. The announcements are “important elements in the company’s strategy to deliver even greater value to its customers and shareholders”, according to Wal-Mart vice-chairman Eduardo Castro Wright. Walmart first announced a consolidated global sourcing structure centred around new Global Merchandising Centers (GMCs) at its annual meeting for the investment community in October 2009. This new structure is expected to leverage the company’s global scale in both general merchandise categories and global food sourcing. “The newly-established Global Merchandising Centers represent the largest and most important element of our new sourcing strategy,” said Mr Castro-Wright. “These centers will create alignment between sourcing and merchandising and drive efficiencies across various merchandise categories.” The core of the company’s overall global sourcing strategy will be to continue increasing direct sourcing for the company’s private brands. Today, private brand merchandise represents more than US$100bn in purchasing annually. “Our new strategy and structure should drive significant savings across the supply chain,” Mr Castro-Wright said. Ed Kolodzieski, currently president and CEO of Walmart Japan Holdings G.K. and Seiyu, has been promoted to executive vice-president and will lead Walmart’s Global Sourcing. Mr Kolodzieski will report to Mr Castro-Wright. As part of this new strategy, Walmart also finalised a series of agreements with Li & Fung, which is forming a new company to manage the Walmart account, and is expected to build capacity that would enable it to act as a buying agent for goods valued around US$2bn within the first year. “In sum, we are redefining how we source products that are imported into Walmart retail markets around the globe,” Mr Castro-Wright said. “By realigning our resources, leveraging our scale, and restructuring our relationship with suppliers, we will enable our businesses around the world to offer even more competitive pricing on merchandise and to provide our customers a clear and compelling assortment of better quality products at lower prices.” Analyse Wal-Mart’s sourcing strategy. (Reason why Wal-Mart redefined its strategy, Description the strategy, Benefits, Evaluation of Wal-Mart’s strategy, Conclusion) 1, 2, 2, 3, 2

ANS:

Reason why Wal-Mart redefined its strategy

 Wal-Mart redefined its strategies to reduce costs of goods, accelerate speed to market, and improve the quality of its products. The new global sourcing strategy involves the creation of Global Merchandising Centers, a change in leadership and structure, and a strategic alliance with Li & Fung, a global sourcing organisation. This new structure is expected to leverage the company’s global scale

Q.4. List and describe the different activities in relation with logistics in purchasing (unit 10) 10

 Listing of activities, Brief description of activities including purpose of, each activity

 Customer service

 Demand forecasting

 Order processing

Warehousing and distribution center management

 Purchasing

ANS: List and describe the different activities in relation with logistics in purchasing: The main activities that are considered to be part of logistics are as follows:

·         Customer service

·         Demand forecasting

·         Order processing

·         Packaging

·         Warehousing and distribution centre management

·         Purchasing

Q.5. Measures Taken to Improve Lessons Learnt Review (LLR) in ABC Company.

ABC is a media company established in 2000 in New Delhi. The company runs a television channel and also a monthly news magazine. At the end of every financial year, the management of the company spent some quality time in preparing a lessons learnt report. The management was aware that continuous learning is essential to achieve continuous improvement. During the process of creating the LLR, the officials of the company figured out that lots of negative and positive things were happening in their business every financial year. After the analysis of their performance, they documented their findings in a structured manner. They prepared LLR to avoid repetition of mistakes and improve the overall performance.

Problem

However, after creating LLR on a regular basis, the management of ABC found that the employees were committing the same mistakes which were explained and analysed in the LLR many times. After much discussion, it became clear that the LLRs that were created were not shared with the employees of the organisation properly. As a result of this, most of the employees were not aware of the mistakes and the new updates.

Solution

The management of ABC deployed a team to check whether the LLR was shared with the employees immediately after it has been created. The team uploaded the LLR in the intranet and ensured that it reached every employee of ABC. They thus ensured that the mistakes mentioned in the LLR were not repeated by any of the employees in their future projects.

Result

As a result of the proper sharing of LLR, the overall performance of the employees is now improved and the company has gained good revenue.

What was the main problem faced by ABC? How did ABC tackle its problems? Description of the main problem, Analysis of ABC’s tackling of the problem. 8(2 marks each) 2, 8

·         description of how ABC correctly identified the solution to main problem

·         illustrate how the problem was repeated despite the solution

·         summarization of the final solution

·         conclude with results

ANS:

Description of the main problem

The main problem of the company was that the LLRs that were created were not shared with the employees of the organisation properly. As a result of this, most of the employees were not aware of the mistakes and the new updates.

Q.6. Explain any seven steps used for purchasing process sourcing strategy process. Brief explanation of the following. 10

·         Profile the category

·         Supply market analysis

·         Develop the strategy

·         Select the supplier process

·         Negotiate and select the suppliers

·         Implement and integrate in purchasing process

·         Benchmarking and tracking results

ANS:

 Profile the category: You must know everything about the category that needs to be purchased in the first step of the sourcing strategy process. This means that you must clearly define the category and commodities in it. You must also know the current quantity utilised, types and sizes. The knowledge of supplier and the processes used is also necessary. All these data must be documented in detail.

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sc006 smu mba summer 2014 IVth sem assignment

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DRIVE summer 2014

PROGRAM/SEMESTER MBADS (SEM 4/SEM 6)

MBAFLEX/ MBAN2 (SEM 4)

PGDSCMN (SEM 2)

SUBJECT CODE & NAME SC0006 – GLOBAL LOGISTICS AND SUPPLY CHAIN

MANAGEMENT

BK ID- B1661

CREDIT AND MARKS- 4 CREDITS AND 60 MARKS

Q.1. Assume that you are working in a textile company. Your company decides to import all the raw materials cotton clothing from the global suppliers to improve the sales. The company assigns you the task of analysing various issues that must be considered while importing. What are different issues you face while importing the goods from a global supplier? ( Listing of the issues with respect to various countries you wish to import from, Brief explanation of issues with suitable examples, Summarization of how these issues may affect your company’s business) 1,6,3

ANS: Listing of the issues with respect to various countries you wish to import from: The manufacturing company must consider various additional items while using global sourcing. Some of the important issues that must be considered while importing or exporting are:

·         Child labour

·         Changing tariff structures

·         Exporting for assembly in bond and counter trade

Q.2. Insurance Claim by Jayshri Impex

Jayshri Impex is one of India's leading garment manufacturer and exporter of textile dyes and chemicals whose manufacturing facility is located at Jethpur (near Rajkot), Gujarat. The head office of the company is at Mumbai. The company manufactures an African traditional dress worn by all natives of African cities - "khanga". Jayshri Impex has set high standards in garment export and it is recognised by the government of India for its extraordinary work. They have their presence in other cities of India as well as in Africa.

Theft of goods

Armed bandits on October 5, 2004, looted the export consignment of 185 bales of fabrics from the train, when it was transported to Brazzaville (Republic of Congo, West Africa). The company had insured their cargo with Bajaj Allianz and lodged a claim at the Bajaj Allianz, Rajkot office on the same day.

Insurance support from Allianz

Even though the location of theft was in the remote jungles of Africa, Bajaj Allianz appointed Lloyd's Agency to carry out a survey immediately to check for the correctness of the claim. Lloyd's was submitted on the survey report on November 20, 2004. It took a month for Lloyd's to submit the report due to the procedural formalities involved in Africa to procure documents like police papers and no trace reports. Since the survey report was submitted in French a translation of the same was done at Ahmedabad on November 23, 2004. The Insured submitted all the remaining documents such as Power of Attorney, Original Bill Of  Landing, NOC from Consignee, etc on November 25, 2004 from their Head Office at Mumbai. The claim was processed and based on the survey findings it was found to be true and the insurance amount of Rs.31,37,360/- was released on November 30, 2004.

Inference

Jayshri Impex managed to avoid a huge loss thanks to the insurance that it had purchased. The insurance company Bajaj Allianz also responded quickly and supported its client by releasing the amount at the earliest.

Why did Jayshri Impex claim for insurance? What type of insurance may Jayshri Impex opted for. How did the insurance company help Jayshri Impex? ( Reason for claiming insurance, Inference for the Type of insurance opted (evidence from case study, linking to type of insurance), Settlement of insurance (support from insurance company) 2,4,4

ANS: Reason for claiming insurance: Armed bandits on October 5, 2004, looted the export consignment of 185 bales of fabrics from the train, when it was transported to Brazzaville (Republic of Congo, West Africa). The company had insured their cargo with Bajaj Allianz and lodged a claim at the Bajaj Allianz, Rajkot office on the same day. Jayshri Impex is one of India's leading garment manufacturer and exporter of textile dyes and chemicals whose manufacturing facility is located at Jethpur (near Rajkot), Gujarat. The head office of the company is at Mumbai. The company manufactures an African traditional dress worn by all natives of African cities - "khanga". Jayshri Impex has set high standards in garment export and it is recognised by the government of India for its extraordinary work. They have their presence in other cities of India as well as in Africa.

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Q.3. Explain in detail about INCO terms. (Definition of INCO terms. What do they indicate? Listing and description of INCO terms) 2, 8

ANS:  INCO terms: Incoterms are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. These terms were developed by Paris-based International Chamber of Commerce (ICC) in 1936. These terms are reviewed and updated by delegates from many

Q.4. Name the two types of rate making and explain the factors affecting air freight rates ( Discussion of freight rates (general and specific commodity rate) with example, Brief explanation of freight rates (cost of service, competition, directionality, characteristics of traffic and value of service ) 5,5

ANS:  Rate Making: Fixing the rate for different cargo is very crucial for freight transporters to charge for the logistics services that they offer to their customers. The freight transporter fixes certain price for transporting cargo based on the type, size, weight, etc of cargo. There are two types of freight rates based on the cargo or commodity, they are:

·         General commodity rate

·         Specific commodity rate

Q.5. Write short notes on: (Bareboat Charter, Combination vessels, Importance of free trade zones, Dry ports in India) 10 (2.5 marks each)

ANS: Bareboat charter: Under bareboat charter, the control and ownership of the ship ultimately lies with the charterer for an agreed period (which could be several years or even the total life of the vessel) of time. Ship owners do not hold any responsibility to manage the equipment or crew of the ship during the specified period of the contract. In addition, ship owner is not responsible for the goods transported using their vessels. Hence, the charterer needs to take whole responsibility for managing, equipping, and maintaining the ship for a particular period of time. The charterers need to bear all the operating and voyage expenses themselves and they have the ultimate control over the vessel for a fixed period of time. A bareboat charter agreement usually contains the details of the name and address of the charterer, name of the vessel, contract period, charter fees, name and contact details of the crew members, etc.

Q.6. Explain the global trends that affect the decision of a global logistics manager. (Explanation of global trends (Market concentration, Production dispersion, Product line diversity) with suitable examples, Concluding remarks) 9, 1

ANS: Explanation of global trends: the following three trends affect the manager's decision:

·         Market concentration

·         Production dispersion

·         Product line diversity

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