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DRIVE
WINTER 2013
PROGRAM/SEMESTER
MBADS (SEM 4/SEM 6)
MBAFLEX/
MBAN2 (SEM 4)
PGDIB
(SEM 2)
SUBJECT
CODE & NAME IB0016 – GLOBAL LOGISTICS AND SUPPLY CHAIN
MANAGEMENT
Q1.
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 analyzing 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
Answer:
Issues and their affects in importing
Importing
stock from overseas is a lot more complex than picking up the phone, placing
your order and waiting for the goods to arrive. There are a lot of factors to
consider before you go ahead and place your first import order.
1. Legal places to import
Before
you spend time, effort, or money on further research, you should make sure
you’re allowed to import the goods you plan to bring into New Zealand. There
are a number of restrictions placed on items you can import. These range from
outright prohibitions, which would apply to things like chemicals or medicines,
to restrictions on particular products or items from particular countries.
2. Is there any local market?
Q2. 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 Impexopted 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))
Answer.
Reason for claiming insurance
An insurance claim is
the actual application for benefits provided by an insurance company. Knowing
what the most common claim is can save you money and frustration when choosing
an insurance policy. Insurance provides the dual benefits of savings and
security
Q3.
Explain in detail about INCO terms. (Definition of INCO terms. What do they
indicate?, Listing and description of INCO terms) 2, 8
Answer:
INCO terms and its uses
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. International commercial terms
or Incoterms are a series of sales terms that are used by businesses throughout
the world. Incoterms are used to make international trade easier. They are used
to divide transaction costs and responsibilities between buyer and seller. These
terms are reviewed and
Q4.
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
Answer:
The freight rates can be classified as under:
i) Commodity Rates
Freight rate for a specific commodity depends on route, value of cargo,
storage, competition, etc. The rates for those commodities which move regularly
are quoted a rate published regularly whereas for
Q5.
Write short notes on
·
Bareboat Charter
·
Combination vessels
·
Importance of free
trade zones
·
Dry ports in India
Answer:
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. A bareboat charter is more like a leasing
arrangement made between the charterer and the ship owner. Under bare boat
charter, charterer of the vessel even gets the chance to purchase the vessel.
This type of charter arrangement was widely used during first and second world
wars, when the government took over the control of the privately owned ships. Bareboat
charter is also known as ‘demise’ or ‘net’ charter.
Q6. 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
Answer:
Market concentration
Increase in market
concentration is one of the trends that affect the decision of a global
logistics manager. Market concentration refers to a situation wherein a few
companies occupy the major share in the market and small firms cannot compete
with them. For example, if 75% is the market concentration of four companies,
then these four companies have more than 75% of market sales. The retail giants
Wal-Mart and Kmart (also known as power retailers) have the largest chain of
retail showrooms across the globe. They have a huge market share in the global
retail sector which accounts for over 50% of the retail market. In today's
world you can find that increased market concentration is a new and fast
growing trend
Get fully solved assignment, plz drop a mail with your sub code
computeroperator4@gmail.com
Charges rs
125/subject and rs 700/semester only.
our website is www.smuassignment.in
if urgent then call us
on 08791490301, 08273413412
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