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ASSIGNMENT DRIVE SUMMER
2016
PROGRAM - Master of Business
Administration - MBA
SEMESTER - III
SUBJECT CODE & NAME - ML0010
- Warehousing & Supply Chain Management
BOOK ID B1761 CREDITS 4 MARKS 60
Q.
No 1. What do you mean by warehousing? Describe the various factors that make
warehousing essential for the modern trade and enterprise.
ü
Explanation of Warehousing
ü
Essential Factors 5 5 10
Answer:-
Explanation
of Warehousing:-
‘
Q2.
What do you understand by logistics? Describe its significance in supply
chains.
ü
Logistics
ü
Significance 5+5 10
Answer:-
According to the Council of Logistics
Management: ‘Logistics management is that part of the supply chain management
process that plans, implements and controls the efficient, effective forward
and reverse flow and storage
Q3.
What are the basics of strategic supply chain management? Also enlist the
imperatives for the supply chain strategy.
ü
Explanation of the concept 10
Answer:-
To begin with, supply chains comprised
just the distributions means of the manufactured items. However, with
increasing complexities of products, processes, players and technologies, the
earlier manufacture–distribution process has come to be stretched to include
multiple elements, stakeholders, objectives and competitors. Against this
background, supply chain management has become more of a collaboration art
rather than
Q4.
Discuss the role of sourcing in a supply chain.
ü
Explanation of the concept 10
Answer:-
Through the process of purchasing, also
called as procurement, the firms collect components, raw materials, products,
services and other resources from the suppliers to implement their operations.
‘Sourcing’ stands for the
Q5.
Specify the role of demand forecasting in supply chain. Also list the
characteristics of a demand forecast in the retail supply chain.
ü
Role of demand forecasting
ü
Characteristics of a demand forecast 5 5
10
Answer:-
For most businesses the forecasting procedure
is extremely significant. Mostly the forecast yield drives supply chain
behaviour including the procurement of goods and related inventory control.
Depending on the industry environment, forecasting can be demanding and
intricate activity and in most of the cases it is a challenging task even if
one is equipped with various sets of information. Forecasting is essential in
the current supply
Q
6. What is the significance of safety inventory in retail supply chain?
ü
Explanation of the concept 10
Answer:-
Safety inventory may be defined as the
stock carried as a backup to fulfill the excess demand should it exceed the
amount estimated with respect to a given duration. Safety inventory is required
because rates of demand are
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